DGAP-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Expansion
Advanced Blockchains portfolio company peaq receives $6 million in further funding
29.06.2022 / 12:46
The issuer is solely responsible for the content of this announcement.
Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) announces that its portfolio company - the Web3 network peaq - recently raised USD 6 million from Fundamental Labs, HashKey, Delta VC, GSR, Cypher Capital and other notable VCs. The funding will support the continued expansion of the peaq network. Advanced Blockchain now holds about 6% of all tokens and still holds about 37% of Peaq Technology GmbH.
The capital will be used to expand the development team and launch new products and features in the peaq ecosystem. Peaq already maintains ecosystem partnerships with leading industry consortia such as Gaia-X, MOBI and the Automotive Industry Association.
"The new growth funding will enable...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...