Road Town, BVI, July 13th, 2023, Chainwire
LBank Labs, a prominent blockchain venture fund, has made an investment in LunarCrush, which is a social intelligence platform for crypto, NFTs, and stocks. LBank Labs is renowned for its protocol and exchange-agnostic approach and provides support to projects through direct funding, acceleration, incubation, and networking.
LBank Labs has a versatile $100 Million Web3 fund and invests in diverse opportunities, including Fund of Fund investments, Liquid projects, and Direct Investments in promising early-stage endeavors. The team at LBank Labs comprises Web3 veterans from respected entities like Binance Labs, Binance NFT, Bitmain, Huobi Listing, Consensys, and other industry pioneers, bringing together extensive expertise and networks.
LBank Labs prides itself on its innovative strategy for identifying promising prospects in the Web3 space, with a primary focus on the Platform Standard Ecosystem (PSE). LunarCrush is an exceptional example of user acquisition, retention, and aggregation. Unlike other players in the industry, LBank Labs takes a nuanced and sophisticated approach, prioritizing projects with a proven track record of adoption and recognition. Robust platforms that drive user adoption and engagement are emphasized as benchmarks for others and contribute to sustainable growth. LBank Labs invests in LunarCrush alongside Draper and INCE Capital.
In 2022, LunarCrush analyzed over 1 trillion data parameters, establishing itself as a leader in the field. With a monthly active user base ranging from 400,000 to 600,000, LunarCrush is becoming the go-to platform for analyzing cryptocurrencies and stock investments. The platform attracted 100 million visitors in 2022, showcasing its growing popularity and influence.
LunarCrush offers multiple revenue models, including API integrations, traditional advertising, and its native token $Lunr, which supports the ecosystem's growth. In 2023, LunarCrush plans to introduce a trading capitalization component to further enhance its offerings. LunarCrush provides data to prominent companies like Coinbase and Kraken's CryptoWatch.
Joe Vezzanie, CEO of Lunar Crush, expressed excitement about the collaboration with LBank Labs, highlighting the synergy between their analytics expertise and LBank Labs' scale across the trading market.
“We are excited to have a strategic investor like LBank Labs join the Series A at LunarCrush. Their scale across the trading market along with our expertise in analytics creates synergy and allows both of our businesses to scale together.”
LBank Labs joins a prestigious group of blockchain technology investors supporting LunarCrush, including Draper Ventures, INCE Capital, TRGC, MoonPay Ventures, and Techstars. LBank Labs has been a strong supporter of LunarCrush since their initial investment in 2020, providing consistent support over the years.
Valeria Kholostenko, Principal Investor for the US at LBank Labs, praised LunarCrush's growth and product, expressing confidence in its future success:
“In 2020, I met Joe Vezzani during LunarCrush's early development. His professionalism and dedication have fueled the company's impressive growth. With their exceptional achievements and top-tier product, LunarCrush is poised for great success!”
LunarCrush has experienced significant growth and has a strong team in place to support its expanding product offerings. As a result, it has the potential to become an indispensable tool for investment research. The platform's diverse user base, which spans across various social channels, makes it suitable for investors, companies, newcomers, and professionals alike.
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About LBank
LBank, founded in 2015, is a prominent cryptocurrency exchange that provides its users with specialized financial derivatives, expert asset management services, and secure crypto trading. The platform boasts over 9 million users from 210+ regions worldwide and is committed to safeguarding users' funds while promoting the global adoption of cryptocurrencies.
Disclaimer: This is a paid release that was not written by Crypto Online News. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Crypto Online News. Crypto Online News does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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