Venture capital and blockchain accelerator LBank Labs aims to establish its investing thesis of “Platform, Standard, Ecosystem” as a household term in the industry. Global crypto exchange LBank revealed its 100 million USDT investment arm around the end of last year.
LBanks Labs established a fund of 100 million Tether (USDT) around the end of October 2022. The venture capitalist branch has since 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 direction board of Labs, revealed this week that Labs will roll with the slogan “The Other Angle”. “It embodies our vision on the industry and investing in blockchain. We come equipped with a different outlook on identifying promising projects and the entire ecosystem as a whole,” Lin stated.
Labs’ unique investing thesis was subsequently dubbed the “Platform, Standard, Ecosystem” proposition. This eclectic strategy breaks away from traditional views on the blockchain industry, which divide the space into either a tech centered paradigm (layers), supply-chain fields (mining, exchanges, financial products, media, etc.) or sectors (DeFi, GameFi, NFTs, etc.).
“True extraction of value lies in startups that have the potential to deliver a leading platform, which can establish an industry or legal standard and can bloom into a lively ecosystem hosting third party applications. Such platforms include a Web3 ideology fit for open collaborations, where users and projects can interact quickly” Lin explains.
The crypto pioneer believes that during future bull runs, smart money will flow to startups who manage to tick these cross-sector boxes within the industry.
Besides venture capitalism, LBank Labs will also commit to increasing educational awareness around blockchain tech, cryptocurrencies, and DeFi in general. On the 13th of January, the blockchain research department of the Seoul based Chung-Ang university signed a MoU with LBank on blockchain cooperation. Budding researchers and entrepreneurs will be able to intern at the exchange or gain access to incubation for their startups.
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