LBank Labs, a pioneer in blockchain venture capital, announced its investment in Symbolic Capital. The spread of highly scalable Web3 infrastructures globally is anticipated to greatly benefit from this strategic collaboration‘s ability to spark innovation.
LBank Labs and Symbolic Capital Announce Partnership to Power Web3 Innovation Around the World
LBank Labs is devoted to supporting innovative entrepreneurs all around the world and accelerating the development of highly scalable Web3 infrastructures as investors. LBank Labs’ commitment to establishing the cryptocurrency industry’s future and fostering the widespread use of decentralized apps is furthered by the strategic investment in Symbolic Capital.
At Symbolic Capital, we are excited to collaborate with LBank Labs as we work towards our shared vision of building the future of crypto. Our partnership allows us to continue supporting innovative startups in the Web 3.0 ecosystem, especially those from emerging markets, and pave the way for the mass adoption of decentralized applications.
Kenzi Wang, Symbolic Capital’s Co-Founder
LBank Labs not only has significant financial resources but also a sizable global network, with $100 million in assets under management. In exchange, Symbolic Capital will offer LBank Labs valuable services, leveraging their knowledge, business acumen, and creative outlook to promote mutual progress and lay the road for unwavering success. The venture fund also wants to demonstrate its dedication by establishing a vast network of Fund of Funds, which is intended to improve the performance and diversity of its portfolios while highlighting the intrinsic value of its ecosystem network.
About Symbolic Capital
Sandeep Nailwal, the creator of Polygon, and Kenzi Wang, a partner at Borderless Capital, jointly formed the prestigious venture capital firm Symbolic Capital. Symbolic Capital places a unique emphasis on finding and advancing the top blockchain founders, a goal that is rooted in the founders’ personal experiences of overcoming financial obstacles in their early days.
About LBank Labs
The web3 industry leader LBank Labs is in charge of a versatile $100 million fund that goes beyond certain protocols and exchanges. They have established a sizable network of connections and skills thanks to a staff of seasoned web3 veterans from major organizations. Their investing approach involves fund-of-fund investments, direct investments in early-stage enterprises, and liquid projects.
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