LBank Labs Invests in Sparkle Ventures to Drive Web3 Innovation Globally

LBank Labs has made a strategic investment in Sparkle Ventures, a Luxembourg-based fund manager, to foster innovation and support the growth of highly-scalable Web3 infrastructures. This collaboration brings together their expertise, networks, and resources to advance NFTs, gaming, and metaverse technologies shaping the future of Web3.

LBank Labs, a prominent blockchain venture fund, has made a strategic investment in Sparkle Ventures, a fund manager based in Luxembourg. The strategic investment is aimed at fostering innovation and supporting the growth of highly-scalable Web3 infrastructures worldwide.

LBank Labs, known for its protocol and exchange-agnostic approach, has a strong track record of nurturing startups and helping them thrive with $100 million in assets under management (AUM).

In addition to direct investments, LBank Labs aims to build a strong fund network by investing in top global funds to support portfolios and provide financial and resource value-add. The team members of LBank Labs are also personally involved with other funds, further expanding their network and expertise.

Sparkle Ventures, along with Animoca Brands, acts as the strategic fund manager and has gained recognition for its investments in cutting-edge technologies that support early-stage Web3 infrastructure globally. The General Partners of Sparkle Ventures include industry veterans and experts in the field.

Notable projects backed by Sparkle Ventures include institutional-grade DeFi SaaS platform Kiln.fi, data analytics software AbsoluteLabs.io, and ZKP systems Polyhedra.network and OAS.gg. Their co-investors include well-known market giants such as Accel, BinanceLabs, Coinbase, Consensys, Matrix Partners, Polychain, and Sequoia.

By investing in Sparkle Ventures, LBank Labs aims to leverage their combined expertise, networks, and resources to drive innovation in NFTs, gaming, and metaverse infrastructure. The goal is to advance the creation of highly scalable businesses and technologies that will shape the future of Web3.

Jiayu Gao, Head of FOF investment at LBank Labs, mentioned that the investment supports their shared mission to accelerate the growth of transformative technologies in the Web3 space. LBank Labs brings extensive financial resources and a global network to Sparkle Ventures, while Sparkle Ventures contributes valuable expertise and insights to fuel mutual growth and success.

LBank Labs also plans to build a comprehensive network of Fund of Funds to enhance the performance and diversification of its portfolios. With a presence in seven global regions, LBank Labs is well-positioned to foster collaboration and innovation across borders in the blockchain industry.

Read Also: LBank Labs Takes “The Other Angle” To Spot Promising Blockchain And Crypto Startups

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• Source: https://alexablockchain.com/lbank-labs-invests-in-sparkle-ventures/