Road Town, BVI, July 4th, 2023, Chainwire
LBank Labs, the venture capital arm of global exchange LBank, has announced the creation of a $10 million MEME Special Fund. The aim of this fund is to encourage high-quality early-stage innovative MEME projects, foster industry growth, and give back to the wider community.
LBank Labs will seek innovative and quality-driven MEME projects from around the world, emphasizing LBank's influence and commitment to the global MEME project landscape. The fund allocation will be based on the quality and influence of the projects, and the fund will be directly donated to eligible project teams. LBank Labs launches $10M MEME Special Fund to support high-quality early-stage innovation projects.
To highlight the accomplishments and contributions of the projects, a leaderboard will be established to periodically announce the list of recipients. The fund distribution is expected to be completed within the next year, with the first list of donations to be released in early July.
The application process is simple and clear. Details on how to apply and further information will be published on the LBank Labs official website in early July. LBank Labs invites all globally outstanding MEME innovative projects to apply for this fund and work together to drive industry growth.
LBank Labs remains committed to promoting the development and innovation of the blockchain industry. The establishment and operation of the MEME Special Fund is expected to further stimulate MEME innovation on a global scale, bringing more vitality and development opportunities to the industry.
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About LBank Labs
LBank Labs is the venture capital arm of LBank, a global exchange. Their mission is to foster technological innovation and application development within the blockchain industry. Currently, LBank Labs manages $100 million in assets to support startups and Web3 funds. As of Q2 2023, LBank Labs has invested in 12 Web3 funds and plans to expand their investments in startups and funds to strengthen their cooperation and network effects among their investment portfolio. LBank Labs firmly believes that technology has the power to create a more open, transparent, and fair world.
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