LBank Labs announced investment in fund management company Symbolic Capital.

According to official sources, on July 20th, LBank Labs announced an investment in Symbolic Capital, a renowned fund management company. Symbolic Capital is a venture capital fund co-founded by Sandeep Nailwal, the founder of Polygon, and Kenzi Wang, a partner at Borderless Capital. Based on the founders' personal experience in overcoming early funding obstacles, Symbolic Capital focuses on identifying and nurturing the best Web3 industry founders. Despite the "funding winter" in the cryptocurrency industry, Symbolic Capital remains optimistic about the future of Web3, seeing it as the next evolution of the digital ecosystem. Symbolic Capital is the tenth fund in LBank Labs' FOF strategic investment and plans to continue expanding FOF investments in the coming months to strengthen cooperation and network effects between investment portfolios.