• LBank Labs has announced the establishment of a $10 Million MEME Special Fund to encourage high-quality early-stage innovative MEME projects, foster industry growth, and give back to the wider community.
• The fund will be directly donated to eligible project teams and a leaderboard will be established to periodically announce the list of recipients.
• Application details and further information can be found on the LBank Labs official website in early July.

LBank Labs Launches $10 Million MEME Special Fund

LBank Labs, the venture capital arm of global exchange LBank has recently announced the launch of a new special fund worth $10 million aimed at encouraging high-quality innovative MEME projects worldwide. The move is expected to further stimulate industry innovation and growth by directly donating funding resources to eligible project teams.

Fund Allocation Based on Quality & Influence

Funding allocation for this initiative will be based on the quality and influence of individual projects with a leaderboard being established to periodically announce the list of recipients, highlighting their accomplishments and contributions within this space. It is anticipated that fund distribution will be completed within the next year, with applications for this opportunity available from early July via LBank’s official website.

LBank’s Commitment To The Blockchain Industry

This announcement showcases LBank’s commitment not only towards fostering technological innovation in blockchain technology but also towards giving back to its wider community by providing financial support for high-quality projects worldwide. Through its venture capital arm LBank Labs, it currently manages over $100 million in assets dedicated specifically towards investing in Web3 funds as well as startups in order to strengthen cooperation between all parties involved in this space.

Applying For This Opportunity

The application process for applicants hoping to secure funding from this initiative is straightforward with further information available via LBanks‘ website from early July onwards. All globally outstanding MEME innovative projects are encouraged to apply for this fund and join hands in driving industry growth together with LBanks‘ venture capital arm through an efficient and clear application process.

Conclusion

By launching this special fund worth $10 million, LBanks continues its commitment towards promoting development and innovation within blockchain technology whilst simultaneously giving back to its wider community by providing financial support for high-quality projects worldwide through simple yet effective application processes which are expected to further stimulate industry innovation and growth globally going forward into 2023 and beyond..