LBank establishes blockchain and crypto fund for Web3 development in Africa

LBank establishes blockchain and crypto fund for Web3 development in Africa

Internet City, Dubai, 10 November 2022 — Blockchain crypto investment group LBank Labs announces the creation of its new crypto investment fund targeting Web3 development in Africa. LBank Labs plans to establish a series of regional development funds in South Korea, Southeast Asia and more. This is the first of the sequence of new investment funds from LBank Labs.

Africa is one of the areas with a lot of untapped potential for blockchain expansion. With the new member Czhang in the team of LBank Labs, the investment institution looks globally. Czhang is currently visiting many countries in North Africa and will visit other regions of the continent. Throughout November, Czhang, as a representative of LBank Labs, will talk to potential African partners. “I think the future is in Africa,” said Czhang, “when it comes to blockchain adoption, LBank Labs hopes to provide support to local communities and give local projects the push they need to start.”


LBank has been pushing education efforts in the Middle East and North Africa region for some time, with community leaders in Nigeria, Ghana, Tunisia and more. – Africa is a diverse place. We believe that the key to blockchain development in Africa, and anywhere, is education. Giving people the tools to understand blockchain technology will help them see why it is so world-changing. We really hope to have a strong bond with the local people, said a representative. LBank has also expanded into other areas, recruiting community managers in Cameroon, Kenya and so on.

About LBank Labs

LBank Labs is an independent blockchain investment institution under the top global crypto exchange LBank. LBank Labs currently has a total fund size of 50 million Tether (USDT). Registered in Asia’s crypto hub, Singapore, LBank Labs includes venture capital, hedge funds and also fund of funds. Since its inception, LBank Labs has invested in many quality early-stage public chain projects, such as VEN and NEO. As of 2020, LBank Labs invested in nearly 100 ecological projects, such as Polkadot, non-fungible tokens, and Solana.

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About LBank

LBank is one of the best crypto exchanges, established in 2015. It offers its users specialized financial derivatives, expert asset management services and secure crypto trading. The platform serves over 7 million users from more than 210 regions worldwide. LBank is a pioneering, growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.

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