What is a lab in crypto?
Could you elaborate on the concept of a "lab" in the realm of cryptocurrency? I'm particularly curious about how these labs operate and their significance within the crypto ecosystem. Are they primarily research institutions, incubators for new projects, or a blend of both? Do they play a key role in the development of innovative blockchain solutions? How do they collaborate with other entities in the industry? Furthermore, how do these labs identify and address potential challenges within the crypto sphere? Your insights would be greatly appreciated.