LBank Labs announced that it has invested in Collab+Currency, a blockchain venture fund, to support the growth of scalable Web3 infrastructure. Through this investment, LBank Labs aims to support early-stage startups and focus on projects building the next generation of culture and consumer technology.
LBank Labs, the venture capital (VC) arm of the global cryptocurrency exchange LBank, supports projects through various approaches. It provides direct funding, incubation, acceleration, and networking. In addition to directly investing in projects, it also invests in top global fund firms to offer financial and resource value-adds and to build a strong fund network. CZhang, a director at LBank Labs, serves as an LP for NGC, Blockchain Founders Fund, and Lemniscap, while Eric He, co-founder of LBank, acts as an LP for SevenX Ventures and IOSG Ventures.
Collab+Currency is a crypto-focused venture fund that provides investment opportunities in the early stages of Web3. Over the past five years, it has supported over 100 projects and invested across nearly all crypto sectors, including infrastructure, blockchain-based service providers, and NFTs. Collab+Currency has also invested in Web3 consumer projects such as Art Blocks, Blur, SuperRare, and Sky Mavis.
LBank Labs recently hosted the 'Web3 Connect Seoul' event and plans to conduct the Web3 Connect roadshow in eight countries, including South Korea. LBank Labs’ 'Web3 Connect' is a platform that supports the efforts and passion of individuals and projects within the blockchain industry, fostering collaboration and innovation. It establishes labs in global regions to support the growth of Web3 infrastructure.
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