INTERNET CITY, DUBAI, 30th January, 2023, Chainwire
Venture capital and blockchain accelerator LBank Labs has revealed the unorthodox strategy that guides its investment decisions. The investment arm of LBank Exchange was established with a 100 million USDT fund in late 2022. According to LBank Labs, its investment thesis can be summarized as “Platform, Standard, Ecosystem.”
Since being spun out of LBank in October with a $100 million treasury, LBank Labs has been scouting for viable blockchain startups, entrepreneurs, and communities to finance in order to facilitate wider blockchain growth and crypto adoption.
Czhang Lin, angel investor and key member of the LBank Labs board, has disclosed that the crypto VC will roll with the slogan “The Other Angle,” explaining: “It embodies our vision concerning the industry and blockchain investment. We come equipped with a different outlook for identifying promising projects and the entire ecosystem as a whole.”
Labs’ unique investing…