We encourage you to do your own research before investing.Eth_1_year_data = lc. Users may use the new tool to search across all social media platforms for the most relevant material based on their interests.ĭISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. LunarCrush will introduce a test version of its Social Search function next week, allowing users to search for any subject on the site rather than simply financial goods. Importantly, LunarCrush supplies data to well-known organizations like Coinbase and Kraken’s CryptoWatch. LunarCrush intends to add a trading capitalization component to its operations in 2023. LunarCrush provides a variety of income methods, including API integrations, conventional advertising, and its native token Lunr, which aids in the development of the ecosystem. In 2022, the platform garnered 100 million visits, demonstrating its expanding popularity and significance. LunarCrush is quickly becoming the go-to tool for researching cryptocurrency and stock investments, with 400,000 to 600,000 monthly active users. LunarCrush evaluated approximately 1 trillion data parameters in 2022, establishing itself as a field leader. Projects with strong platforms that encourage user uptake and involvement are favored because they serve as models for others and help to long-term success. Unlike other industry competitors, LBank Labs takes a nuanced and intelligent approach, focusing on initiatives that have a demonstrated track record of acceptance and recognition. By accumulating data and exceeding expectations, LunarCrush sets the bar for industry titans like Coinbase and Kraken. The Platform Standard Ecosystem (PSE) is the fund’s core emphasis, and LunarCrush stands out as a remarkable example of user acquisition, retention, and aggregation. LBank Labs takes pride in its creative approach to discovering potential Web3 opportunities. Their scale across the trading market along with our expertise in analytics creates synergy and allows both of our businesses to scale together.” “We are excited to have a strategic investor like LBank Labs join the Series A at LunarCrush. Lunar Crush CEO Joe Vezzanie expressed delight about the relationship with LBank Labs, noting the connection between their analytics skills and LBank Labs’ reach throughout the trading sector. LunarCrush, situated in Los Angeles, was founded in 2018 to gather social media data on digital assets, non-fungible tokens (NFTs), and equities to enable users to make trading choices based on trends. LBank Labs’ staff is made up of Web3 veterans from reputable companies like Binance Labs, Binance NFT, Bitmain, Huobi Listing, Consensys, and others, bringing together substantial skills and networks. LBank Labs invests in a variety of possibilities via its adaptable $100 million Web3 fund, including Fund of Fund investments, Liquid initiatives, and Direct Investing in excellent early-stage ventures. LunarCrush plans to introduce a social search function and expand its services.ĭraper Round Table, an investment network formed by prominent venture capitalist Tim Draper, and INCE Capital have co-led a $5 million Series A round for LunarCrush, a platform that helps users make crypto investment choices based on social media trends.ĭraper Associates, WWVentures, TRGC, Bitcoin Frontier Fund, Draper Goren Holm, Blockchain Founders Fund, Side Door Ventures, MoonPay, EMURGO, LBANK Labs, FUNFAIR Ventures, and Techstars, were among the other investors in the round. The platform helps users make cryptocurrency investment choices based on social media trends. LunarCrush, a social media analytics platform for digital assets, raises $5 million in a Series A funding round led by Draper Round Table and INCE Capital.
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