ADVANCED BLOCKCHAIN AG EQS-News: Advanced Blockchain successfully completes two projects

Directive transparence : information réglementée

12/01/2023 11:32

EQS-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Expansion
Advanced Blockchain successfully completes two projects

12.01.2023 / 11:32 CET/CEST
The issuer is solely responsible for the content of this announcement.

Advanced Blockchain AG (Scale Frankfurt, primary market Düsseldorf, XETRA: ISIN DE000A0M93V6) has successfully completed two projects at the beginning of the current fiscal year, but remains involved with a significant share it had received for the development resources provided.

On the one hand, this concerns Warp Finance. The developers of Advanced Blockchain AG support WARP primarily in the code optimization after audits, as well as the strategic product alignment in Q3 and Q4 2022. Warp Finance can now operate independently with the revised code. The plan is to continue to maintain close contact with Warp to leverage existing synergies.

The second project is a spin out of an incubation. Advanced Blockchain provided contract services on the development of a decentralized financial protocol. Advanced Blockchain received 50% of the team tokens for their development services, representing at least 8% of the tokens of the entire protocol. More detailed information cannot be communicated at this time due to promised confidentiality.

Advanced Blockchain is confident about the continued positive development and intends to remain involved in the projects in the long term.
As part of the last financing round, Advanced Blockchain AG was also able to sell its position in Quasar at attractive conditions for several million US dollars. It is intended to use the funds to finance new projects and further expand the investment portfolio of the company.

About Advanced Blockchain AG:
Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) is a venture builder and investor in the blockchain industry with an extensive team of analysts, developers, programmers, economists, and mathematicians. Advanced Blockchain AG is dedicated to developing the future of Web 3.0 and innovating in different ecosystems and markets of the industry.

For more information about Advanced Blockchain AG, its various projects, and investments, please visit https://www.advancedblockchain.com/.

12.01.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Advanced Blockchain AG
Scharnhorststraße 24
10115 Berlin
Phone: +4930403669510
Fax: 030403669511
E-mail: info@advancedblockchain.com
Internet: www.advancedblockchain.com
ISIN: DE000A0M93V6
Listed: Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1533761

End of News EQS News Service

1533761  12.01.2023 CET/CEST