Czhang Lin, board member of Web3 venture fund LBank Labs, says universities play an “important” role in developing the next generation of Web3 talent, and the academy needs to understand this to guide students to the right perspective.
On August 2, the venture capital firm announced the winners of its Summer Boot Camp competition for college students. Various participants from different academic institutions entered the competition, winning a trip to Cabo San Lucas, Mexico, and mentoring opportunities from crypto funds.
We are excited to announce the winners of the Bootcamp Summer Camp hosted by LBank Labs in Cabo!
16 teams from all over the world were selected from over 70 applications from the best universities in the world.
We are excited to announce the winners of the Summer Boot Camp retreat hosted by LBank Labs in Cabo!
— LBank Labs (@LBankLabs) August 2, 2023
Lin stressed the importance of universities for the future of Web3 in a statement to Cointelegraph. According to Lin, universities “basic issues for new technologies” Like Web3 and with a regular source of talent. “It is important for universities to understand Web3 and guide students to the right perspective”Defending Lin.
While the markets are showing signs of a bearish trend, Lin believes the time to develop and invest is still rightrepeating:
“The bear market is always the best time to thrive and invest. VCs during this period [venture capitalist] they are more demanding and may put more pressure on university initiatives. However, we believe that no matter what happens, diamonds will shine and that perseverance can always help them.”
When asked about the hottest trends among college students, Lin said that another “fashion word” comes into play: artificial intelligence (AI). However, despite the advent of AI, Lin believes there should be no problems. since the two sectors can be integrated.
Lin shared that in terms of trends among college students participating in the competition, the majority of applicants focused on: decentralized financeliquid staking derivatives, zero knowledge and decentralized applications.
Translation of Walter Rizzo