Advanced Blockchain completes two projects

Advanced Blockchain AG (Scale Frankfurt, primary market Düsseldorf, XETRA: ISIN DE000A0M93V6) has successfully completed two projects at the beginning of the current financial 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 revisions, as well as the strategic product adjustment 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 for the development of a decentralized financial protocol. Advanced Blockchain received 50% of the team’s tokens for their development services, representing at least 8% of the tokens in the entire protocol. More detailed information cannot be communicated at this time due to promised confidentiality.

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

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 various ecosystems and markets in the industry.

For more information about Advanced Blockchain AG, its various projects and investments, please visit