LBank Labs Reveals Novel Investment Strategy to Identify Promising Blockchain Startups


INTERNET CITY, DUBAI, Jan 30, 2023, Chainwire

Blockchain and venture capital accelerator LBank Labs has revealed the unorthodox strategy guiding its investment decisions. The investment arm of LBank Exchange was established with a fund of 100 million USDT at the end of 2022. According to LBank Labs, its investment thesis can be summarized as “Platform, Standard, Ecosystem.”

Since parting ways with LBank in October with a $100 million treasury, LBank Labs has been seeking viable blockchain startups, entrepreneurs and communities to fund in order to facilitate broader growth of blockchain and crypto adoption.

czhang lin, angel investor and key board member of LBank Labs, has revealed that the crypto VC will roll with the tagline “The Other Angle”, explaining: “It embodies our vision regarding the blockchain industry and investing. We come equipped with a different perspective to identify promising projects and the entire ecosystem as a whole.”

Labs’ single investment thesis, also known as the “Platform, Standard, Ecosystem” proposition, differs from traditional views on the blockchain industry. Typically, these divide the space into a paradigm focused on technology (layers), supply chain fields (mining, exchanges, financial products, media), or sectors (DeFi, GameFi, NFT).

According to Czhang Lin: “The real value extraction lies in startups that have the potential to offer an innovative platform and set an industry or legal standard and that can become a lively ecosystem hosting third-party applications. Such platforms should include a web3 ideology suitable for open collaboration, where users and projects can interact quickly.”

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The cryptocurrency pioneer believes that during future bull runs, smart money will flow to startups that manage to tick these cross-sector boxes within the industry. In addition to venture capital, LBank Labs will also commit to increasing educational awareness around blockchain technology, cryptocurrencies, and DeFi in general. On January 13, the blockchain research department of the Seoul-based Chung-Ang University signed a memorandum of understanding 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 LBank
LBank is one of the leading crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and secure crypto trading for its users. The platform has 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 user funds and aims to contribute to the global adoption of cryptocurrencies.

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