PRESS RELEASE. On October 19, 20, and 23, the blockchain community converged for LBank Labs’ Demo Day, a collaborative effort with Collab+Currency and the Blockchain Builders Fund. The event garnered significant attention, with over 200+ registrants and a turnout of more than 150+ attendees, of which over 70% are global funds. Serving as a nexus for blockchain enthusiasts and technologists, the Demo Day facilitated meaningful interactions and fostered collaboration among its diverse participants.
A Look at the Participating Partners:
Collab+Currency: Collab+Currency is Collab+Currency is a venture fund that primarily backs early-stage crypto projects building the next generation of culture and consumer technology. The firm focuses on the earliest-stage opportunities in Web3, primarily investing in the pre-seed and seed rounds. During the past five years, the firm has backed over 100 projects working in nearly every vertical within crypto, including infrastructure, base-layer blockchains, service providers and NFTs.
Projects from Collab+Currency:
Rainbow: An advanced Ethereum wallet that combines user-friendly features with a simple interface. Most functionalities are embedded within the plugin for ease of access. The wallet also collaborates with several fiat on-ramp services such as Ramp, MooPay, and Coinbase.
Sleepagotchi: A game aimed at promoting better sleep habits. Designed by alumni from Harvard Business School and former staff at Duolingo, players are rewarded with collectibles when they achieve sleep targets. So far, Sleepagotchi reports 14,000 monthly active users, all without marketing campaigns.
Blockchain Builders Fund (Stanford): Originating from Stanford University’s Blockchain Accelerator initiative, the Blockchain Builders Fund has been working closely with students and alumni. Their goal is centered around nurturing, developing, and investing in blockchain-oriented solutions.
Projects from Blockchain Builders Fund:
DwellFi: An intent-centric all-in-one fund data platform with 1000+ limited partners and $350 million in assets. DwellFi offers various fund data, both on-chain and off-chain, with a strong focus on real-time data, including real-time NAV, real-time portfolios, and even pending investment data. It provides highly customized dashboards tailored to different roles (e.g., LP or GP).
Hinkal: A 2023 Bootcamp Finalist of LBank Labs, successfully securing financing led by Draper Association, with participation from Orange Dao, NGC, and more. The project protocol is designed to protect user privacy in DeFi transactions, currently integrated with five blockchains and plans to support all EVM chains in the future. Hinkal has already helped over 3000 users achieve $1M+ in transactions.
LBank Labs: LBank Labs operates with a Venture Fund approach, investing in a variety of blockchain initiatives. Their philosophy encourages protocol and exchange neutrality. With assets of $100 million, LBank Labs is poised to assist startups in their journey. Their Fund of Fund network, encompassing 12 funds as of Q1 2023, enables access to over $1 Billion in assets. Globally, they have a presence in various regions from San Francisco to Dubai to Shanghai.
Projects from LBank Labs:
Dope: A Web3 NFT music platform available across various devices, which has integrated with six major blockchains. It aggregates over 600,000 music NFTs, making it the world’s largest Web3 music library. Strategic collaborations with renowned musicians, major record labels, and influential music executives aim to drive loyalty programs, live DJ experiences, and innovative fan-oriented features through Web3 integration, ensuring sustainable growth and an unparalleled music experience.
QED: The first Ethereum Layer 2 network to achieve super-scalability, offering over 100,000+ TPS, support for smart contracts in multiple languages (JS, Python, etc.), and compatibility with multiple zk-VMs. QED recently integrated with Polygon’s next-generation Miden-VM, boasting the world’s first high-level language compiler that supports Miden. Additionally, QED introduced the browser-based Poseidon2-WebGpu architecture, which is 30 times faster than existing browser zk-hash architectures. QED has already established partnerships with industry-leading companies, including Universal Pictures and The Sandbox. The company was founded by the young hacker Carter.
A representative from LBank Labs stated at the conclusion of the Demo Day that they are grateful for all participants and collaborators. They further encouraged observers to keep a close watch on LBank Labs as they continue their exploration into the Web3 domain.
About LBank Labs
At LBank Labs, we thrive on the power of connections and believe in fostering strong relationships within the industry. We’re not your average exchange – while LBank boasts a massive global user base of over 9 million, LBank Labs operates independently in both structure and approach, using a Venture Fund model to drive our investments in funds, primary projects, and liquid projects. With a protocol and exchange-agnostic mindset, we’re committed to supporting projects through direct funding, acceleration, incubation, and unparalleled networking within our web. And with $100 million AUM currently under our belt, we’re well-equipped to help startups take flight. But that’s not all – our Fund of Fund network, which includes a whopping 12 funds as of Q1 2023, opens doors to direct communication with $1 Billion+ AUM. And with operations and offices spanning 7 global regions – from San Francisco to Dubai to Shanghai and beyond – we’re in a prime position to keep building this network together.
Contact
LBank Labs
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