PRESS RELEASE. Internet City, Dubai, 11 November 2022 – Blockchain Crypto Investment Group, LBank Labs, announced the establishment of a new crypto investment fund targeted at web3 development in Africa. LBank Labs plans to create a series of regional development funds, including areas such as Korea, Southeast Asia, and others. This is the first round of new investment funds from LBank Labs.
Africa is one region with a lot of untapped potential for blockchain expansion. With the new member Czhang on the Board of LBank Labs, the investment institution looks global. Czhang is currently visiting many countries in North Africa and is followed by other parts of the continent. During November, Czhang, as a representative of LBank Labs, will talk to potential African collaborators. “I think the future is in Africa,” said Czhang, “in terms of blockchain adoption, LBank Labs hopes to provide support to local communities and give impetus to local projects that need to be started.”
LBank has been pushing education efforts in the MENA region for some time, having community managers in Nigeria, Ghana, Tunisia, etc. “Africa is a diverse place. We believe that the key to blockchain development in Africa, and everywhere else, is education. Giving people the tools to understand blockchain technology will help people understand why this is changing the world. We really hope to have a strong bond with local residents.” said the representative. LBank has also expanded into other regions, recruiting community managers in Cameroon, Kenya, and elsewhere.
About LBank Labs
LBank Labs is an independent blockchain investment agency at global crypto exchange LBank. LBank Labs currently has a total fund of 50 million USD. Listed in Singapore’s Asian crypto hub, LBank Labs includes Venture Capital, Hedge Funds, and Fund of Funds as well. Since its inception, LBank Labs has invested in many high-quality early-stage public chain projects such as VEN and NEO. Since 2020, LBank Labs has invested in almost 100 ecological projects such as Polkadot, NFT, and Solana.
LBank is one of the top crypto exchanges, founded in 2015. It offers 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 sophisticated emerging platform that ensures the integrity of user funds and aims to contribute to the global adoption of cryptocurrencies.
Start trading now: lbank.com
Community and social media:
LBK Blockchain Co. Limited
This is the press release. Readers should exercise due diligence before taking any action related to any promoted company or its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused or in connection with the use of or reliance on the content, goods or services mentioned in the press release.
Image Credit: Shutterstock, Pixabay, Wiki Commons