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INTERNET CITY, DUBAI, January 30, 2023, Chainwire
Venture capital and blockchain accelerator LBank Labs has revealed the orthodox strategy that guides its investment decisions. The investment arm of LBank Exchange was founded with 100 million USDT in late 2022. According to LBank Labs, its investment thesis can be summarized as “Platform, Standards, Ecosystem.”
Since being kicked out of LBank in October with a $100 million treasury, LBank Labs has been looking for worthy startups, entrepreneurs, and blockchain communities to fund to facilitate broader blockchain growth and crypto adoption.
Czhang Lin, angel investors and a key member of the LBank Labs board, has revealed that the crypto VC will launch under the slogan “The Other Angle,” explaining: “This embodies our vision of the blockchain industry and investment. We are equipped with different views to identify promising projects and the entire ecosystem as a whole.”
Labs’ unique investment thesis, also known as the “Platform, Standards, Ecosystem” proposition, breaks with the traditional view of the blockchain industry. These typically divide the space into technology-centric paradigms (layers), supply chain areas (mining, exchange, financial products, media), or sectors (DeFi, GameFi, NFT).
According to Czhang Lin: “The true extraction of value lies in startups that have the potential to deliver game-changing platforms and establish industry or legal standards and which can develop into vibrant ecosystems hosting third-party applications. Such a platform must incorporate a web3 ideology suitable for open collaboration, where users and projects can interact quickly.”
The crypto pioneer believes that during future upsurges, smart money will flow to startups that manage to tick these cross-sectoral boxes within the industry. In addition to venture capitalism, LBank Labs will also be committed to raising educational awareness around blockchain technology, cryptocurrency, and DeFi in general. On January 13, the blockchain research department of Seoul-based Chung-Ang university signed the MoU with LBank on blockchain cooperation. Budding researchers and entrepreneurs will be able to intern on the exchange and gain access to incubation for their startups.
About L Bank
LBank is one of the top crypto exchanges, founded in 2015. It offers specialized financial derivatives, expert asset management services and secure crypto trading to its users. The platform hosts more than 7 million users from more than 210 regions around the world. LBank is a cutting-edge growth platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.
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