EQS-News

Advanced Blockchain AG: Value of Krest tokens has increased by almost 250% in the past 30 days – Krest tokens held by Advanced Blockchain now worth over $5 million

EQS-News: Advanced Blockchain AG / Key word(s): Cryptocurrency / Blockchain/Miscellaneous Advanced Blockchain AG: Value of Krest tokens has increased by almost 250% in the past 30 days – Krest tokens held by Advanced Blockchain now worth over $5 million 11.03.2024 / 14:33 CET/CEST The issuer is solely responsible for the content of this announcement. Advanced Blockchain AG: Value of Krest tokens has increased by almost 250% in the past 30 days – Krest tokens held by Advanced Blockchain now worth over $5 million

• peaq joins the Fetch.ai Foundation, an AI and Web3-focused non-profit with a $100 million allocation co-governed by Fetch.ai and Bosch representatives.
• Earlier this year, Deutsche Telekom, one of Europe’s largest telecom companies, joined the Foundation as its first corporate partner.

March 11, 2023 – Advanced Blockchain AG (“AB”, Scale Frankfurt, primary market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator, architect and investor for the blockchain industry, is pleased to announce that the value of Krest tokens held by a subsidiary of Advanced Blockchain now trades well above $5 million. This is a significant increase compared to the value announced in December 2023 of over $1 million. The price of the Krest token is currently close to 1.30 USD per token which corresponds to an increase of almost 250% in the past 30 days.

Krest is peaq's sister network and the world's first and only simulation network for DePIN and the Economy of Things. Advanced Blockchain remains one of the largest shareholders in EoT Labs GmbH as well as a token holder of the soon to be launched peaq token. 

The surge in the price of the Krest token comes after peaq joined the Fetch.ai foundation to leverage AI and bolster the Foundation’s push for AI-driven decentralized automation. Krest token price has been steadily rising since its launch in August this year, underscoring the project’s traction.

Peter Busch, Global Product Owner for Distributed Ledger Technologies at Robert Bosch GmbH and Chair of the Fetch.ai Foundation comments: "We are happy to welcome peaq to the Fetch.ai Foundation. As an important Web3 protocol aimed at real-world applications and DePINs, peaq has already proven its capacity as an important building block for the Economy of Things Ecosystem, and we are looking forward to advancing AI-powered decentralized Autonomy with peaq and Fetch.ai."