Skip to main content

LBank Labs Announces Incubation Fund Investment in AMBBi

PRESS RELEASE. LBank Labs has established a dedicated Incubation Fund for Inscription Projects, and AMBBi, an innovative dual-asset project on the Bitcoin blockchain, is the first to be inducted into this groundbreaking initiative. This investment not only highlights LBank Labs’ vision but also marks a new chapter in the evolution of the Bitcoin ecosystem.

AMBBi: A Trailblazer in the Bitcoin Ecosystem

AMBBi, standing for “Art Meets Blockchain & Beyond innovation,” is a first-of-its-kind project in the Bitcoin ecosystem, featuring the BRC20 inscriptions AMB and BRC69 trendy play NFT AMBBi. With an active community of over 3600 address holders, AMBBi is a testament to the growing interest and belief in the potential of Bitcoin-based assets.

Technological Innovation and Cultural Integration

The project is renowned for its unique recursive inscription technology, capable of generating over four trillion unique combinations, with a select 10,000 pieces ensuring the artistry, uniqueness, and rarity of each asset. AMBBi’s NFT designs, deeply ingrained in Asian culture, have gained international acclaim, signifying a harmonious blend of art, culture, and blockchain technology.

LBank Labs’ Inscription Track Incubation Fund

The establishment of an Inscription Track Incubation Fund by LBank Labs demonstrates their commitment to nurturing projects that are at the forefront of blockchain innovation. AMBBi, being the first project to be incubated under this fund, will benefit from LBank Labs’ extensive resources and expertise in the blockchain sector.

Focused Support and Resource Advantages

As part of its incubation, AMBBi will receive focused support from LBank Labs in various domains, including market expansion and strategic development. A significant aspect of this support is the opening up of new markets, with a special emphasis on penetrating the South Korean and other overseas markets. This strategic move is aimed at amplifying AMBBi’s presence on a global scale and establishing it as a leader in the Bitcoin-based NFT space.

Market Growth and Trading Activity

Since its inception, AMBBi has demonstrated impressive market growth. The project saw its entire minting of 21 billion AMB inscriptions completed within a week of launch. Additionally, AMB’s trading volume on major platforms like OKX Web3 Wallet Ordinals Marketplace has been remarkably high, reflecting the project’s liquidity and active market presence.

AMBBi’s Future with LBank Labs’ Support

With the backing of LBank Labs’ Incubation Fund, AMBBi is poised for significant growth and innovation. This collaboration aligns with LBank Labs’ commitment to supporting pioneering projects that reshape the blockchain industry.

About LBank Labs

LBank Labs, a prominent player in the web3 space, manages a versatile $100 Million fund that extends beyond specific protocols and exchanges. With a team of experienced web3 veterans from prestigious entities, they have built an extensive network of expertise and connections. Their investment strategy includes fund-of-fund investments, direct investments in early-stage projects, and liquid projects, enabling them to explore diverse opportunities. LBank Labs actively promotes their investment thesis, “The Other Angle,” through engaging discussions and focuses on the PSE principles to foster sustainable growth and innovation in the web3 landscape. With a Fund of Fund network comprising 12 funds and over $1 billion in AUM, and offices in seven global regions, LBank Labs is well-positioned to expand their network and drive innovation in the web3 ecosystem, together with their partners and collaborators.

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



from Bitcoin News https://ift.tt/47rz1JK
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli
Post a Comment
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought
Post a Comment
Read more