Internet City, Dubai, November 10, 2022 – Crypto investment group Blockchain LBank Labs announces the creation of its new crypto investment fund aimed at developing Web3 in Africa. LBank Labs plans to create a number of regional development funds in South Korea, Southeast Asia and other countries. This is the first in a series of new investment funds from LBank Labs.
Africa is one area with a lot of untapped potential for blockchain expansion. With new member Czhang on the LBank Labs team, the investment organization is looking global. Chang is currently visiting many countries in North Africa and will visit other regions of the continent. During November, Chang, as a representative of LBank Labs, will be talking to potential African employees. “I think Africa is the future,” Zhang said, “in terms of blockchain adoption, LBank Labs hopes to provide support to local communities and give local projects the boost they need to launch.”
LBank has been promoting educational efforts in the Middle East and North Africa region for some time now, with community managers in Nigeria, Ghana, Tunisia and other countries. “Africa is diverse. We believe education is the key to blockchain development in Africa and anywhere else. Giving people the tools to understand blockchain technology will help them understand why it is changing the world so much. We really look forward to a strong connection with the locals,” the spokesman said. LBank has also expanded to other areas by hiring community managers in Cameroon, Kenya and so on.
About LBank Labs
LBank Labs is an independent investment organization operating in the field of blockchain, which is part of the world’s leading crypto exchange LBank. LBank Labs’ total fund size is currently 50 million Tether (USDT). LBank Labs, registered in the Asian crypto center Singapore, includes venture capital, hedge funds, and funds of funds. Since its inception, LBank Labs has invested in many quality early stage public network projects such as VEN and NEO. Since 2020, LBank Labs has invested in almost 100 green projects such as Polkadot, non-fungible tokens and Solana.
LBank is one of the leading crypto exchanges founded in 2015. It offers its users specialized financial derivatives, expert asset management services and secure cryptocurrency trading. The platform serves more than 7 million users from more than 210 regions of the world. LBank is an advanced, growing platform that ensures the integrity of user funds and aims to facilitate the global adoption of cryptocurrencies.
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