Internet City, Dubai – (Newsfile Corp. – November 12, 2022) – Blockchain crypto investment group, LBank Labs, announces the launch of its new crypto investment fund targeting Web3 development in Africa. LBank Labs plans to set up a number of regional development funds, including regions like Korea, Southeast Asia and more. This is the first in a series of new mutual funds from LBank Labs.

Announcement of the LBank

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Africa is one of the areas with a lot of untapped potential for blockchain expansion. With new member Czhang on board LBank Labs, the investment institution is looking global. Czhang is currently visiting many countries in North Africa, followed by other regions of the continent. Throughout November, Czhang will be speaking to potential African partners as a representative of LBank Labs. “I think the future is in Africa,” Czhang said. “In terms of blockchain adoption, LBank Labs hopes to support local communities and give local projects the boost they need to get started.”

LBank has been promoting educational efforts in the MENA region for some time and has community managers in Nigeria, Ghana, Tunisia and others. “Africa is a diverse place. We believe that education is the key to blockchain development in Africa and indeed everywhere. Giving people the tools to understand blockchain technology will help them understand why it is such a world-changing thing. We really hope to have a strong bond with the local people,” said a representative. LBank has also expanded to other areas, hiring community managers in Cameroon, Kenya, etc.

About LBank Labs

LBank Labs is an independent blockchain investment institution under leading global crypto exchange LBank. LBank Labs currently has a total fund size of 50 million USDT. Registered in Asia’s crypto hub Singapore, …