Advanced Blockchain AG: Portfolio Company peaq successfully raised $15
million in pre-launch funding

EQS-News: Advanced Blockchain AG / Key word(s): Financing/Cryptocurrency /
Blockchain
Advanced Blockchain AG: Portfolio Company peaq successfully raised $15
million in pre-launch funding

28.03.2024 / 09:40 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Advanced Blockchain AG: Portfolio Company peaq successfully raised $15
million in pre-launch funding

  * peaq raised $15 million in a pre-launch funding round led by Generative
    Ventures and Borderless Capital.

  * Funding will expand peaq´s ecosystem of decentralized physical
    infrastructure networks and support the launch of the mainnet.

  * Advanced Blockchain maintains 37% ownership in EoT Labs and holds a
    PEAQ-token stake exceeding 2%.

March 28, 2024 - Advanced Blockchain AG ("AB", Scale Frankfurt, Primary
Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator and
investor in the blockchain industry, is excited to announce that its
portfolio company peaq successfully raised $15 million in a pre-launch
funding round led by Generative Ventures and Borderless Capital.

The new capital will facilitate growth of the peaq ecosystem, expanding its
network of more than 20 Decentralized Phyiscal Networks (DePINs). These
networks will focus on areas such as multi-blockchain machine IDs, AI agents
and data verification, according to a statement shared with The Block.
Specifically, the funds will be allocated toward developing peaq's Modular
DePIN functions and Software Development Kit (SDK), enabling DePIN projects
to build and deploy their applications on peaq more efficiently.

Existing peaq-based projects include Silencio, an app for noise pollution
measurement using smartphones, ELOOP, a fleet of tokenized car-sharing
Teslas, and Wingbits, a network of community-run antennas listening to plane
location data. According to Messari, a crypto market data provider, DePIN
could potentially reach a market value of $3.5 trillion by 2028.

Advanced Blockchain remains convinced that these latest developments will
also have a strong positive impact on its shares held in EoT Labs where it
holds an equity stake of 37%. Additionally, through a subsidiary, Advanced
Blockchain holds delivery claims of more than 2% of the PEAQ-token as well
as KREST-token, which currently have a total value of approx. $3.4 million.

Simon Telian, CEO of AB, comments: "peaq's $15 million pre-launch funding
marks a pivotal step in their mission to redefine decentralized
infrastructure networks. With this support, we are convinced that the peaq
team will deliver on its long awaited token launch and are looking forward
to welcoming more investors to the peaq ecosystem."

Both the Advanced Blockchain Management team as well as the peaq Management
team will be attending the TOKEN2049 conference in Dubai next month.

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 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/.


Contact:
ir@advancedblockchain.com


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28.03.2024 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
                   Germany
   Phone:          +4930403669510
   Fax:            030403669511
   E-mail:         info@advancedblockchain.com
   Internet:       www.advancedblockchain.com
   ISIN:           DE000A0M93V6
   WKN:            A0M93V
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf
                   (Primärmarkt), Frankfurt (Scale), Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1869345

End of News EQS News Service
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1869345 28.03.2024 CET/CEST