Advanced Blockchain AG

  • WKN: A0M93V
  • ISIN: DE000A0M93V6
  • Land: Deutschland

Nachricht vom 13.04.2021 | 08:55

Advanced Blockchain AG has Partnered with SOSV to Incubate Compelling Early-Stage Startups

DGAP-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Expansion
13.04.2021 / 08:55
The issuer is solely responsible for the content of this announcement.

Advanced Blockchain AG (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) has partnered with SOSV. Under this partnership, SOSV's accelerator program, dlab, and Advanced Blockchain are incubating novel startups for blockchain-based innovations. This program will accelerate projects from the early, ideation stage into functional and successful companies.

SOSV (https://sosv.com/) is a global venture capital firm investing into new and impactful projects at various stages. SOSV invests through its group of vertical accelerator programs. At year-end 2020, SOSV had over 1,000 portfolio companies and over $800 million in assets under management (AUM).

SOSV's accelerator programs span a variety of industries, with dlab (https://dlab.vc/) being dedicated to projects accelerating decentralization. dlab provides venture capital and other resources to its startups. dlab has developed a multitude of impactful ventures in the blockchain industry, such as API3, a German company that connects blockchain-based smart contracts to real-world data. Other notable investments include Credmark (decentralized risk modelling), Quidli (crypto micro-incentives for remote teams), and Crayonic (bank grade hardware security for authentication, digital assets, and e-signatures).

Previously, dlab offered fellowship programs for individual inventors. Now, Advanced Blockchain and dlab are building a new partnership incubating projects from the ground up. This new program will see its talent sourced by dlab, while Advanced Blockchain will provide its developmental assistance, strategic advice, and smart contract auditing and development. As a result, this collaboration will allow the most creative newcomers to the blockchain space to fully realize their ideas.

By getting in on the ground floor, Advanced Blockchain will access a right of first investment, and potentially additional incentives. Furthermore, the organization's auditing firm, Stela Labs, will be contracted to audit these companies, providing a significant revenue stream.

To kick off this process, Advanced Blockchain AG and SOSV will be incubating 6 projects over the course of 6 months.

The ultimate goal is to invest in strong ideas and build them into impactful projects in Web 3.0. dlab and Advanced Blockchain look forward to announcing more updates on the progress of their new incubation project, as they promote a future that embraces decentralized technology.

Additional information on Advanced Blockchain AG and its various projects and investments can be found at www.advancedblockchain.com.

ABOUT SOSV

SOSV is a venture capital firm with over $800M AUM operating global accelerator programs: HAX (Shenzhen/San Francisco) for hardware, IndieBio (San Francisco/NYC) for life sciences, Chinaccelerator (Shanghai) and MOX (Taipei) for cross-border internet, and dlab (NYC) for blockchain technology. SOSV invests in over 150 companies per year and its two-decade track record puts it in the top 10% of VC funds in the world.

 


13.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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