Advanced Blockchain AG Invests in Silencio Network, a DePIN project Revolutionizing Global Noise Pollution Data Collection

EQS-News: Advanced Blockchain AG / Key word(s): Investment/Cryptocurrency / Blockchain Advanced Blockchain AG Invests in Silencio Network, a DePIN project Revolutionizing Global Noise Pollution Data Collection 04.09.2024 / 10:04 CET/CEST The issuer is solely responsible for the content of this announcement. Advanced Blockchain AG Invests in Silencio Network, a DePIN project Revolutionizing Global Noise Pollution Data Collection

September 4, 2024 - Advanced Blockchain AG (‘AB’, Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6), a leading incubator and investor in the blockchain industry, has invested in Silencio Network (www.silencio.network), a rapidly growing platform within the DePIN (Decentralized Physical Infrastructure Networks). Silencio Network leverages blockchain technology to incentivize global noise pollution data collection, making it a pioneer in the fight against one of the most overlooked environmental threats. The investment includes an initial commitment of $50,000 for a 0.125% stake in the total token supply and an equity allocation.

Silencio Network empowers users to report and record noise data in their regions via a mobile app, supporting various data types such as noise levels, location data, hearing test results, and venue check-ins. Users are rewarded with tokens that can be traded, used for fee payments, or redeemed for real-world services. Since the network launch in March 2023, Silencio has deployed 300k sensors across 180 countries and recorded over 6 million venue check-ins globally. The dataset (https://map.silencio.store/) is expanding at a pace equivalent to mapping the entire city of Paris every day.

Hatem Elsayed, COO of AB, comments: “Our investment in Silencio Network underscores our commitment to innovation in the DePIN sector. Silencio is revolutionizing noise data collection through citizen science, providing precise, local real-time data essential for improved environmental policy. We believe Silencio Network will set new standards and positively impact quality of life globally.”