press release
press release. Internet City, Dubai, November 11, 2022 — LBank Labs, a blockchain crypto investment group, has announced the creation of a new crypto investment fund targeting web3 development in Africa. LBank Labs plans to set up a series of regional development funds, including regions such as South Korea, Southeast Asia. This is the first in a series of new investment funds from LBank Labs.
Africa is one of the regions with untapped potential for blockchain expansion. LBank Labs is joined by a new member, his Czhang, and the investment agency is looking globally. Chan is currently visiting many countries in North Africa, followed by other parts of the African continent. Throughout November, Czhang will speak with potential African collaborators as he represents LBank Labs. “I think the future is in Africa. When it comes to blockchain adoption, LBank Labs hopes to support local communities and give them the boost they need to start projects in the region.”
With community managers in Nigeria, Ghana, Tunisia, etc., LBank has promoted educational activities in the MENA region. “Africa is a diverse place. We believe the key to blockchain development in Africa is education. It helps us understand what we are going to change, and we hope to deepen our ties with the local community,” said the representative. LBank is expanding to other regions and is looking for Community Managers in places like Cameroon and Kenya.
About LBank Labs
LBank Labs is an independent blockchain investment institution under the umbrella of LBank, the world’s top cryptocurrency exchange. LBank Labs’ current fund size is 50 million USDT. Registered in Singapore, Asia’s cryptocurrency hub, LBank Labs includes venture capital, hedge funds and fund of funds. Since its inception, LBank Labs has invested in many high-quality early-stage public chain projects such as VEN and NEO. Starting in 2020, LBank Labs has invested in nearly 100 ecological projects, including Polkadot, NFT and Solana.
About L Bank
LBank is one of the top cryptocurrency exchanges established in 2015. We provide users with professional financial derivatives, professional asset management services, and secure cryptocurrency trading. The platform has over 7 million users from over 210 regions around the world. LBank is a growing, cutting-edge platform aimed at ensuring the integrity of users’ funds and contributing to the global adoption of cryptocurrencies.
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