In the dynamic world of blockchain, the rapid evolution of technology and the continuous introduction of innovative projects are remarkable. According to a publication by Originstamp, by 2023, the global landscape boasts over 22,000 cryptocurrency variants; further complemented by DappRadar's DApp Industry Report 2023, which showcases nearly 3,000 cryptocurrency applications. Amidst the flurry of emerging projects, distinguishing those with genuine potential from merely good ideas remains a challenge. Moreover, numerous promising projects failed due to inadequate funding, poor management, and other hurdles. Identifying and nurturing projects with the capacity for significant growth and long-term viability thus becomes a critical task for digital asset traffic management platforms.This urgent need and the obstacles encountered in the market are precisely why L7, a leading Web3 digital asset management and traffic aggregation platform, took the initiative to create L7 Labs.

L7 Labs

L7 Labs was founded by the core investment research team of Web3 digital asset management and traffic aggregation platform L7, aiming to help Web3 high-quality start-up projects achieve better development in the early stages. L7 Labs can provide strategic financial support, global traffic support, etc. for high-quality start-up projects, and is committed to supporting the growth of more good projects and contributing to the development and prosperity of the entire industry. The core functions of L7 Labs are categorized into three primary areas:

Blockchain Research: L7 Labs focuses intently on essential blockchain technologies, consensus algorithms, privacy measures, and more, with the goal of fostering technological advancement and broad application within the industry through extensive research and innovation.

Digital Asset Innovation: Engaging with economic models, smart contracts, and other blockchain technologies, L7 Labs dedicates itself to the creation of novel cryptocurrency products and financial instruments, broadening the scope of participation for users across the industry.

Collaboration and Construction: L7 Labs actively seeks out collaborations with leading institutions and Web3 project teams globally, fostering a competitive yet cooperative ecosystem. These collaborations are instrumental in enhancing the construction and evolution of the blockchain ecosystem and amplifying L7 Labs' global influence in the fields of blockchain and cryptocurrency.

Success Stories

Since its inception, L7 Labs has been instrumental in identifying and supporting high-quality Web3 projects. A notable example is its support for RTC DAO.

RTC DAO, launched on the BNB Chain by the Alpha Blockchain Foundation alongside top institutions and communities, draws inspiration from the iconic Chinese cultural figure, Run Tu. It merges blockchain technology with culture and consensus, aiming for diversified ecological investment. L7 Labs played a crucial role in RTC DAO's development, offering comprehensive support including Launchpad services, traffic resources, and operational strategies. With the aid provided by L7 Labs, RTC DAO transitioned from concept to market successfully, achieving significant milestones in its initial promotion phase:

● On December 7, 2023, RTC (the native asset of RTC DAO) launched and achieved an increase of over 150 times on its debut.

● On January 27, 2024, RTC was introduced in the L7 Earn section, experiencing a surge of over 700%.

● Leveraging L7 Labs' global network, RTC reached millions globally across more than 100 countries and regions, attracting over 100,000 active users.

Leveraging L7 Labs' strategic incubation framework, RTC DAO has significantly enriched its community culture centered around the Run Tu IP, solidified community agreement, and established a robust global platform for Chinese communication.

Moreover, after thorough analysis and evaluation, L7 Labs has extended its support to incubate two additional cryptocurrency ventures: NEO FANTASY, a self-governed IP for a turn-based card GameFi, and LoserChick, the pioneering blockchain-based 3D "claw machine" game. The IDOs for these projects, facilitated by L7 DEX's Launchpad, recorded remarkable success.

NEO FANTASY

As L7 DEX’s first IDO project, NEO FANTASY is an original idle, turn-based card game IP where players collect NFT cards, adjust strategies and lineups based on the battlefield, and strengthen their team for PvE and PvP victories. Rewards include ERT7 Tokens, EXP, Enhance Stone, and Hero Shards, with decentralized assets and a strong economic model for both fun and value creation.

Results:

● Total Raised Funds: 4,110,429.21 USDT

● Number of Participating Addresses: 3,551

● Oversubscription Rate: 411.04%

LoserChick

Following the first successful IDO $ERT7, LoserChick is the world's first 3D 'Claw Machine' blockchain game, blending NFT and GameFi features like liquidity mining, NFT minting, staking, and trading. It offers players not just gameplay but also the opportunity to earn through various financial services within the game.

Results:

● Total Raised Funds: 3,812,203.27 USDT

● Number of Participating Addresses: 4,217

● Oversubscription Rate: 381.22%

Future Initiatives

To boost the development of blockchain initiatives more effectively, L7 Labs has tactically unveiled the L7 Labs Grant Program. This initiative is designed to hasten the realization and expansion of promising Web3 innovation projects by offering financial aid and extensive resources. The Grants Program, segmented into 12 phases, each with a dedicated $500,000 funding pool, focuses on supporting projects in three key areas:

● Technological Innovation: Motivating the creation of projects that bring forth novel technologies or concepts, aiming to foster technological advancements and the exploration of new paradigms.

● Tools: Aiding in the development or enhancement of blockchain tools, platforms, and infrastructure to increase technology's usability and efficiency.

● Community Building: Striving to amplify community impact, elevate blockchain literacy, or foster the widespread adoption of technology, thereby nurturing a vibrant and healthy user community.

Web3 projects that secure Grants from L7 Labs will benefit from financial support, enhanced visibility through traffic resources, and expert guidance. This comprehensive support system is designed to catalyze their swift and robust growth during their early stages.

L7 Labs Grant Program was launched in April 2024. We eagerly anticipate the participation of more high-caliber Web3 projects, joining us in the exploration of this boundless field of innovation.

Conclusion

Riding the crest of the Web3 wave, L7 Labs stands out as a beacon of blockchain technology and digital asset research, driving forward the frontiers of industry innovation and growth. With a foundation built on thorough technological investigation, the crafting of groundbreaking technologies/products, and the nurturing of high-quality projects, L7 Labs is shaping up to be a pivotal player in the advancement and practical application of blockchain technology. Looking ahead, L7 Labs is set to broaden its reach, pushing for the global embrace of blockchain technology through increased collaborations and ongoing research and development efforts. This, in turn, will fuel the sustained growth of the worldwide digital economy. United in our dedication and ceaseless innovation, we are confident that blockchain technology will unlock new horizons, ushering in an era of unparalleled opportunities globally.