Smooth Labs LLC Announces Intent to Launch a $10 Million Fund to Foster Web3 Innovations
Lewes, Delaware — Today, Smooth Labs LLC, a pioneering force in the Web3 domain, announced its plans to establish a venture fund with an initial capital infusion of $10 million. This strategic move underscores the company’s commitment to accelerating the growth and success of innovative projects within the blockchain, artificial intelligence, and cryptocurrency sectors.
Smooth Labs LLC has carved a niche for itself by developing and offering a unique ecosystem of crypto tools that have become indispensable for projects seeking growth and stability. Through products like Civitas, their AI-driven wallet scanning tool for community building, and their advanced market-making software, Smooth Labs has successfully engaged communities and driven substantial new investments into both new and existing projects. This comprehensive suite of tools not only fosters project stability and growth but also ensures significant revenue generation for further expansion.
The creation of this $10 million fund is a natural progression of Smooth Labs’ mission to support the burgeoning Web3 ecosystem. The fund will leverage the revenues generated from the company’s extensive network of contacts and the success of existing clients who benefit from their unique product ecosystem. By doing so, Smooth Labs aims to reinvest in the community that has been instrumental to its success, providing financial backing and strategic support to the most promising ventures in the Web3 space.
“Over the years I’ve seen the severe market cycles of the crypto industry, and I have set out to fix some of the glaring issues regarding pump and dumps and market manipulation. Smooth wants to make sure web3 entrepreneurs can thrive without falling prey to the current practices,” said Patrick Poirier (a.k.a Crypto Rookies), Founder of Smooth Labs LLC.
With this fund, Smooth Labs LLC intends to become a leading investor in the Web3 domain, supporting projects that not only demonstrate high potential but also align with the company’s ethos of innovation, sustainability, and community development.
Projects seeking support and investment from the forthcoming Smooth Labs fund are encouraged to prepare for the official application process, details of which will be announced in the coming months.
For more information about Smooth Labs LLC and its suite of Web3 development tools, please visit https://smooth.fund.
About Smooth Labs LLC
Smooth Labs LLC is a leader in the Web3 innovation space, dedicated to providing cutting-edge tools and financial support to blockchain and cryptocurrency projects. With a focus on tokenomics, AI-driven wallet analysis, and market-making software, Smooth Labs empowers projects to achieve stability, growth, and long-term success in the dynamic crypto market.
