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LBank Sets Up Blockchain & Crypto Investment Fund To Aid Development Of Web3 In Africa
LBank Labs, a Blockchain Crypto Investment Group, has announced the formation of a fresh crypto investment fund aimed towards web3 advancement in Africa.
Himanshu S.
1:55 13th Nov, 2022

LBank Labs intends to construct a collection of regional development assistance, encompassing Korea, South East Asia, and other locations. This is the foremost of the latest investment funds introduced by LBank Labs.

LBank Labs is an autonomous blockchain investment firm affiliated with the world’s leading cryptocurrency exchange, LBank. Presently, LBank Labs has an aggregatel fund size of 50 million USDT. LBank Labs offers Venture Capital, Hedge Funds, and Fund of Funds. It is enrolled in the cryptocurrency center of Asia, Singapore. From the time of establishment, LBank Labs has funded in several high-quality early-phase public-chain initiatives, including VEN and NEO. Beginning in 2020, LBank Labs funded in close to one hundred ecological initiatives, including Polkadot, NFT, and Solana.

LBank is a leading cryptocurrency exchange that was founded in 2015. It provides its clients with unique financial derivatives, experienced asset management facility, and secure cryptocurrency trading. The site has over seven million users from more than two hundred and ten countries. LBank is an innovative, expanding platform that assures the security of user money and wants to promote the worldwide use of digital currencies.

Africa is among the regions with unexplored blockchain growth prospects. With the addition of Czhang to LBank Labs, the financial institution has a worldwide outlook. Czhang is now touring a number of North African nations, after which he will go to other sections of the continent. Czhang, as a member of LBank Labs, will converse with prospective African colleagues during the month of November. “I believe the future is in Africa,” said Czhang. “With respect to blockchain implementation, LBank Labs intends to empower domestic communities and offer local companies the necessary impetus to launch.”

LBank has pushed educational initiatives in the MENA area for certain time, with community team in Nigeria, Ghana, and other countries. “Africa is a varied continent. We think education is essential to blockchain advancement in Africa, or any other region for that matter. Offering people the knowledge to comprehend blockchain solutions will assist them in understanding why it is so revolutionary. “We aim to develop a great relationship with the community,” a spokesman stated. Additionally, LBank has grown to additional regions, employing community leaders in Cameroon, Kenya, etc.


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