LBank Labs Supports Collab+Currency’s Vision
LBank Labs, a renowned blockchain venture fund, announced its recent investment in Collab+Currency, a venture fund focused on cryptocurrencies. Collab+Currency specifically supports early-stage startups that are creating innovative culture and consumer technology for the future. This strategic investment by LBank Labs aims to enhance innovation and facilitate the growth of highly-scalable Web3 infrastructures worldwide.
The organization is dedicated to supporting projects through various means, such as direct funding, acceleration, incubation, and extensive networking. With $100 million in assets under management (AUM), LBank Labs’ venture capitalist arm has a proven track record of nurturing startups and helping them succeed. In addition to providing direct investments in projects, LBank Labs aims to establish a robust fund network by investing in top global funds.
Eric He, the Co-Founder of LBank, is an LP for SevenX Ventures fund I, II, and FOF, as well as IOSG Ventures.
Collab+Currency Aims To Back Promising Blockchain Startups
Collab+Currency is a venture fund focused on cryptocurrencies that supports early-stage projects aiming to shape the future of culture and consumer technology. Investments from blockchain venture funds provide the financial support that these projects need to get off the ground and sustain their operations.
Labs’ investment in Collab+Currency not only aims to support a promising startup but also contributes to the advancement of consumer-focused technology and applications as a whole. With $100 million in assets under management, LBank Labs brings significant financial resources and an extensive global network to Collab+Currency.
Additionally, the venture fund is dedicated to fulfilling its commitment by establishing a comprehensive network of Fund of Funds.
How the Partnership Benefits the Blockchain Ecosystem
This strategic alliance between LBank Labs and Collab+Currency is set to boost the growth and scalability of blockchain technologies, marking a significant development for emerging Web3 infrastructures. Here’s how the partnership will benefit the blockchain ecosystem:
Accelerating Innovation: By supporting early-stage startups, this partnership will foster innovation in consumer technology and applications, paving the way for new and groundbreaking solutions in the blockchain space.
Fostering Collaboration: The alliance between LBank Labs and Collab+Currency will create a strong network of industry leaders, investors, and entrepreneurs working together to shape the future of Web3 infrastructures.
Bridging Global Markets: With their extensive global networks, both LBank Labs and Collab+Currency can help promising startups expand into new markets, facilitating cross-border collaborations and fostering international growth.
What This Means for Web3 Infrastructures
The investment by LBank Labs in Collab+Currency is expected to have a significant impact on Web3 infrastructures. As more resources are dedicated to supporting early-stage cryptocurrency startups, we can anticipate greater advancements in consumer technology that leverage blockchain innovations.
This partnership also highlights how venture funds like LBank Labs are playing an essential role in shaping the future of blockchain-based applications. By investing in promising projects like Collab+Currency, they are helping to pave the way for scalable and sustainable Web3 infrastructures globally.
In conclusion, this strategic investment by LBank Labs marks an important milestone for both parties involved. By joining forces with Collab+Currency, they are setting the stage for a future where blockchain innovations can truly flourish. As we continue to witness rapid advancements in consumer technology powered by cryptocurrencies and blockchain solutions, this collaboration is undoubtedly a step forward towards realizing a more connected and decentralized world.