PRESS RELEASE. Internet City, Dubai, November 11, 2022 — Blockchain Crypto Investment Group, LBank Labs, announces the establishment of its new crypto investment fund targeting web3 development in Africa. LBank Labs plans to set up a number of regional development funds, including regions like Korea, Southeast Asia, and more. This is the first in a series of new investment funds from LBank Labs.
Africa is one of the areas with a lot of untapped potential for blockchain expansion. With new member Czhang on board at LBank Labs, the investment institution is looking global. Czhang is currently visiting many countries in North Africa with other regions of the continent following. Throughout November, Czhang, as a representative of LBank Labs, will be in conversation with potential African collaborators. “I think the future is in Africa,” Czhang said, “in terms of blockchain adoption, LBank Labs hopes to provide support to local communities and give local projects the push they need to get started.”
LBank has been driving education efforts in the MENA region for some time, with community managers in Nigeria, Ghana, Tunisia, and more. “Africa is a diverse place. We believe that the key to blockchain development in Africa, and anywhere, is education. Giving people the tools to understand blockchain technology will help them see why it is a world changer. We really hope to have a strong bond with the locals. said a representative. LBank has also expanded into other areas, hiring community managers in Cameroon, Kenya, etc.
About LBank Labs
LBank Labs is an independent blockchain investment institution under the leading global crypto exchange LBank. LBank Labs currently has a total fund size of 50 million USDT. Registered in the crypto hub of Asia, Singapore, LBank Labs includes venture capital, hedge funds, and funds of funds as well. Since its inception, LBank Labs invested in many quality early-stage public chain projects, such as VEN and neo. As of 2020, LBank Labs invested in nearly 100 green projects like Polkadot, NFT, and Solana.
LBank is one of the leading crypto exchanges, established in 2015. It offers its users specialized financial derivatives, expert asset management services, and secure crypto trading. The platform has more than 7 million users from more than 210 regions around the world. LBank is a growing cutting-edge platform that ensures the integrity of user funds and aims to contribute to the global adoption of cryptocurrencies.
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