Advanced Blockchain AG Unveils Successful Token Launch of peaq

Advanced Blockchain AG has announced the successful token launch of peaq, a key platform within the Decentralized Physical Infrastructure Networks (DePIN) sector. Taking place on November 12, 2024, the launch highlights peaq's role in creating a decentralized infrastructure for industries such as mobility, energy, and the Internet of Things (IoT). Advanced Blockchain received 2.1% of the peaq tokens for its incubation services.

Peaq, established in 2017, has garnered USD 44.9 million in investments over five rounds and an additional USD 15 million in a pre-launch round in March 2024. Strategic partnerships with major players like Bosch and Deutsche Telekom underscore its ambition to pioneer collaborative, decentralized infrastructure projects.

The token launch propels peaq closer to its vision of fostering a machine-driven economy. Hatem Elsayed, COO of Advanced Blockchain AG, commends the team, emphasizing the vast potential for blockchain innovations.