Road Town, BVI, July 13th, 2023, Chainwire
LBank Labs, a leading blockchain venture fund, is excited to announce its investment in LunarCrush, a social intelligence platform for crypto, NFTs, and stocks. LBank Labs is known for its protocol and exchange-agnostic approach and provides support to projects through direct funding, acceleration, incubation, and networking.
With a versatile $100 Million Web3 fund, LBank Labs 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 takes pride in its innovative strategy for identifying promising prospects in the Web3 space. The fund's primary focus is on the Platform Standard Ecosystem (PSE), and LunarCrush stands out as an exceptional example of user acquisition, retention, and aggregation. LunarCrush sets the standard for industry giants like Coinbase and Kraken, aggregating data and surpassing expectations.
Unlike other players in the industry, LBank Labs takes a nuanced and sophisticated approach, emphasizing projects with a proven track record of adoption and recognition. Projects with robust platforms that drive user adoption and engagement are prioritized, as they serve as benchmarks for others and contribute to sustainable growth.
In 2022, LunarCrush analyzed over 1 trillion data parameters, establishing itself as a leader in the field. With an impressive monthly active user base of 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. Notably, 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!”With LunarCrush's impressive growth trajectory, strong team, and expanding product, it is positioned to become an essential tool for investment research. The platform's broad user base across social channels caters to investors, companies, newcomers, and professionals alike.
About LBank
LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.
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