{"id":20785,"date":"2023-08-07T11:48:01","date_gmt":"2023-08-07T11:48:01","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/universities-are-critical-players-for-the-future-of-web3-lbank-labs-ceo\/"},"modified":"2023-08-07T11:48:03","modified_gmt":"2023-08-07T11:48:03","slug":"universities-are-critical-players-for-the-future-of-web3-lbank-labs-ceo","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/universities-are-critical-players-for-the-future-of-web3-lbank-labs-ceo\/","title":{"rendered":"Universities are ‘critical players’ for the future of Web3 \u2014 Lbank Labs CEO"},"content":{"rendered":"

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Universities have a \u201ccritical\u201d role to play in terms of nurturing the next generation of Web3 talent, and the academe must understand it to guide students toward the right vision, according to Czhang Lin, the CEO of Web3 venture fund LBank Labs.\u00a0<\/p>\n

On Aug 2, the venture capital firm announced the winners of its Summer Bootcamp competition for university students. Various participants from different academic institutions participated to win a trip to Cabo San Lucas, Mexico and mentorship opportunities from various crypto funds. <\/p>\n

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We are thrilled to announce the winners of the Summer Bootcamp retreat hosted by LBank Labs in Cabo! <\/p>\n

16 teams from around the globe were chosen out of 70+ applicants from top global universities @Harvard<\/a> @MIT<\/a> @DukeU<\/a> @Stanford<\/a> @Cornell<\/a> @Penn<\/a> @imperialcollege<\/a> @itu1773en<\/a>\u2026<\/p>\n

\u2014 LBank Labs (@LBankLabs) August 2, 2023<\/a><\/p><\/blockquote>\n

In a statement sent to Cointelegraph, Lin highlighted the importance of universities when it comes to the future of Web3. According to Lin, universities are \u201ccritical players for new tech\u201d like Web3 and are a typical source of talent. \u201cIt is important for unis to understand Web3 and guide students towards the right vision,\u201d he shared.\u00a0<\/p>\n

While the markets are exhibiting signs of a bearish phase, Lin believes that it\u2019s still the right time to build and invest. He said: <\/p>\n

\u201cThe bear market is always the best time to build and to invest. During this period, VCs are more demanding and may bring bigger pressure to the startups from unis. However, we are a stronger believer that diamonds will shine either way and persistence is their best friend.\u201d<\/p><\/blockquote>\n

When asked about hot trends among college students, Lin shared that there\u2019s another \u201cbuzzword\u201d that came into the mix, which is artificial intelligence (AI). However, despite the advent of AI, Lin believes that there shouldn\u2019t be a problem as the two sectors can work together. <\/p>\n

Related: <\/em><\/strong>NFTs in the academy: Fighting fake credentials and unfair wages<\/em><\/strong><\/p>\n

In terms of trends among the university students that participated in the competition, Lin shared that most of the applicants focused on decentralized finance (DeFi), liquid staking derivatives (LSD), zero-knowledge (ZK) and decentralized applications (DApps). <\/p>\n

Magazine: <\/em><\/strong>Should you \u2018orange pill\u2019 children? The case for Bitcoin kids books<\/em><\/strong><\/p>\n<\/div>\n