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LAB Secures $5 Million Funding Ahead of October Token Generation Event

Multi-chain trading infrastructure LAB receives backing from major crypto investors and plans TGE on October 14.

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Summary

LAB, a multi-chain trading infrastructure project, has raised $5 million from a broad group of investors including Selini Capital, Re7 Capital, Cypher Capital, RedBeard VC, Lemniscap, TVM Ventures, OKX Ventures, Mirana, KuCoin Ventures, Gate Ventures, GSR, Animoca Brands, Presto Labs, MEXC Ventures, and Amber Group. The project is scheduled to hold its token generation event (TGE) on October 14.

Terms & Concepts
  • Multi-chain trading infrastructure: Technology enabling cryptocurrency trading across multiple blockchain networks, facilitating seamless interoperability between chains.
  • Token Generation Event (TGE): A blockchain project milestone where new tokens are created and distributed to investors or the public, marking their official launch.
  • Crypto venture capital: Investment firms specializing in funding blockchain and cryptocurrency projects in exchange for equity or token allocations.