Road Town, BVI, July 24th, 2023, Chainwire
In a recent engaging conversation hosted by LBank, the persisting implications of the XRP court case on the cryptocurrency market were examined. Despite a tentative win for XRP, experts on the panel agreed that the legal challenges are far from concluded. The discussion also delved into the importance of robust infrastructure in the cryptocurrency domain and how it continues to be a magnet for venture capitalist investments. The burgeoning sector of blockchain gaming and the future of on-chain gaming platforms were other key talking points.
Founder of Network Spotlight, Mikhail, shared his insights on the potential impact of the XRP case on funding within the Web 3.0 ecosystem. He emphasized the necessity for project builders to outpace investors in understanding their domain given their specialist status. He further advised founders to stress their domain expertise, deep understanding of the solutions they offer, and ability to adapt in an ever-evolving industry.
Michael Rippe, CCO of zkHoldem, a company specializing in blockchain-based Texas Hold'em, expressed a hopeful outlook for XRP and the broader crypto market despite the pending resolution of the XRP case.
Michael Lee, Director of Corporate Development at the South Korean gaming firm, Come to us, outlined their new initiative, Explore and Play (X PLA), and their transformation into a transmedia entity. He emphasized their dedication to the evolving landscape of Web 3.0.
Manuel Vazquez, CEO of OscarSwap, succinctly clarified the relationship between Ripple and XRP, noting that XRP existed prior to Ripple's inception and was adopted by Ripple as a store of value. He pointed out that while Ripple's method of offering XRP to institutional investors is under investigation, XRP's decentralized nature disqualifies it from being classified as a security.
Echoing Vazquez's explanation of the Ripple-XRP relationship and the ongoing SEC legal issues, Sam, AMA Host at Future Lounge, conveyed his optimism for the crypto sphere, suggesting that victories in these cases will bolster confidence in the continued expansion of the crypto sector.
Alexandre Raffin, CEO of GAINS, concluded the discussion by underscoring the importance of generating authentic value in the gaming and crypto sectors. He also highlighted the power of memes in building communities and shaping belief systems, along with the potential of AI to enhance user experience.
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.