Advanced Blockchain announces new project

EQS-News: Advanced Blockchain AG / Keywords: Market Launch/Cryptocurrency / Blockchain
Advanced Blockchain announces new project
05/09/2023 / 15:11 CET/CEST
The issuer is solely responsible for the content of this announcement.

Ecosystem Update April 23rd

Advanced Blockchain announces new project

• AB Capital AI: Data aggregator providing automated token selection and research

• peaq collaborates with Fetch.ai and with Fraunhofer

• The NEAR network has hit a new record of active accounts and announced the launch of their main web mobile app

9 May 2023 – Advanced Blockchain AG (“AB”, Scale Frankfurt, primary market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator, architect and investor for the blockchain industry, announces its latest product innovation: AB Capital AI. This revolutionary product is a data aggregator that uses state-of-the-art AI technology to deliver automated token selection and research. AB Capital AI will primarily cater to institutional investors and encompass a wide range of crypto sectors, including but not limited to DeFi, Gaming, NFTs and DAOs.

Simon Telian, CEO of AB, comments: “We believe that AB Capital AI will add significant value to the crypto investment landscape, giving institutional investors unprecedented access to real-time data and insights to make informed decisions. Mr. Markowsky has already proposed some great ideas that will further improve the product and differentiate it from the competition . At this stage of the company’s development, our product reflects the culmination of our industry expertise, robust investor network and thorough research teams. It is basically the essence of our activity over the past 5 years and a logical step for us to take.”

Ecosystem update

Composable Finance / Picasso

The Composable Finance team has announced mainnet testing of the KSM/DOT bridge via Centauri using the IBC protocol. This breakthrough enables seamless token flow between the Polkadot and Kusama blockchains, unlocking new opportunities for cross-chain interoperability. The team is also working with Skip to distribute MEV across ecosystems fairly, and optimize cross-chain messaging between multiple ecosystems.

peaq / Crest

peaq has made progress on several fronts and Krest has completed the first batch release. peaq also integrated with Fetch.ai for AI-based process automation, and the Fraunhofer-led AI project will store the EV battery’s digital twins on the peaq network.

Pendulum

Pendulum and LINK have entered into a partnership to promote digital financial services in Africa. Pendulum has also collaborated with various wallet providers such as Polkadot. JS, Talisman, Subwallet, Nova & Fearless Wallet and Polkagate, to offer a variety of options for managing digital assets.

Panoptic

Panoptic started front-end engineering in January and just showed the product’s first live demo to the world at ETH Denver 2023! With this major milestone achieved, it is clear that the team is well on the road map to a successful launch.

The Panoptic team attended the Cornell Blockchain Conference and held a well-received public event where they showcased their product demo.

Arweave

Rareweave, a new NFT marketplace built on Arweave, has been introduced, enabling users to explore digital artworks and meet artistic urges without leaving the Arweave ecosystem.

Manta network

The Manta team has actively involved partners from various sectors:

These partnerships demonstrate the team’s commitment to building a strong ecosystem and driving innovation in various business areas.

NEAR protocol

Messari.io reported a new record in active accounts on the NEAR network, which has a rapidly growing development community and a high number of validators. The NEAR mobile app has also been launched on the main web.

The NEAR team participated in various events, including Consensus, Namaste Web3 and the Hong Kong Web3 Festival, showcasing the network’s potential. In addition, NEAR has partnered with Nansen to provide advanced tools for dApp developers and investors, giving them access to real-time data on transactions, addresses, network activity and other data-driven solutions.

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Industry update

In April 2023, the industry saw significant regulatory progress, including Germany’s announcement of the “Future Financing Act” and the European Parliament’s approval of the Markets in Crypto Assets (MiCA) regulations. The “Future Financing Act” aims to establish a regulatory framework for the issuance of electronic securities using blockchain technology with the aim of making the German capital market more timely and productive, and attracting increased private capital for future investments. Although this news is not directly related to crypto markets, it signifies progress in the tokenization of real-world assets.

In addition, the MiCA regulations will offer a unified approach to the regulation of crypto assets across all EU member states, covering various sub-areas of the crypto market. The activation process for the regulations is expected to take between twelve and eighteen months before the full enforcement of the rules.

This development represents a positive indication for the use of digital currencies, which experts consider to be in an early and dynamic stage of development.

Contact:
[email protected]

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 network of analysts, developers, programmers, economists and mathematicians. Advanced Blockchain AG is dedicated to developing the future of Web 3.0 and innovating in various ecosystems and markets in the industry.

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

09.05.2023 CET/CEST Dissemination of a company news, transmitted by EQS News – a service of EQS Group AG.
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