Ecosystem Update April 23

Dear investors,

We are thrilled to share our ecosystem update for April 2023, which aims to offer you a detailed summary of the latest advancements and achievements within the Advanced Blockchain ecosystem, as well as briefly highlight some of the recent company and macro-level industry updates.

ABAG Update

To start with, we want to extend our sincere apologies for the delay in publishing this edition. Our team was recently occupied with attending the Münchner Kapitalmarkt Konferenz (MKK) in Munich, where we had the opportunity to engage with fellow experts and investors.

During our presentation at the Münchner Kapitalmarkt Konferenz, we were excited to announce our latest project, AB Capital AI. This cutting-edge product is a data aggregator that will employ state-of-the-art AI technology to offer automated token selection and research. The tool will primarily cater to institutional investors and covers a wide range of crypto sectors, including but not limited to DeFi, Gaming, NFTs, and DAOs.

We believe that AB Capital AI will be a game-changer in the crypto investment landscape, providing institutional investors with unparalleled access to real-time data and insights to make informed decisions. At this stage of our company’s development, our product reflects the culmination of our industry expertise, robust investor network, and meticulous research team.

Lastly, we are delighted to announce the addition of Sebastian Markowsky to the AB leadership team as an Advisor and Venture Partner. Sebastian is an experienced investment banker with a proven track record advising top blockchain and software companies on securing global deals. He has worked for notable firms including GP Bullhound, Blockchain Valley Ventures, and Deutsche Bank. Currently, he serves as Chief Strategy Officer (CSO) and Executive Vice President at Coinsource - the world leader in compliance software for cash to crypto solutions. Sebastian’s role within AB will be mainly focused on corporate finance advisory and investor communication.

We are pleased to share a glimpse of our team’s presence at the MKK conference.

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Now let's take a look at the ecosystem's progress in April thus far:

Ecosystem Update

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Key Updates

• Composable Finance deployed the KSM/DOT bridge for token transfers between Polkadot and Kusama
• Manta team has onboarded multiple partners in various fields such as incubations, security, social-Fi, and privacy
• Near network has reached a new record of active accounts and announced the launch of their mobile app on the mainnet
• peaq partners with Fetch.ai to automate business processes with AI technology

Composable Finance / Picasso

The Composable Finance team has recently announced the deployment of the mainnet testing of the KSM/DOT bridge via Centauri which utilizies the Inter-Blockchain Communication (IBC) protocol. This breakthrough development allows tokens to flow seamlessly between two independent blockchains, Polkadot and Kusama, unlocking new possibilities for cross-chain interoperability.

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Moreover, the team announced a collaboration with Skip to introduce equitable distribution of cross-ecosystem MEV to users. This collaboration aims to optimize cross-chain message passing between Polkadot, Kusama, Cosmos, Ethereum, and NEAR, resulting in more efficient and seamless token transfers across ecosystems.

peaq / Krest

peaq has been making progress on multiple fronts, with its canary network, Krest, completing the first batch drop of tokens for Raspberry Pi owners. Additionally, peaq has recently announced a new integration with Fetch.ai, which utilizes AI technology to automate and optimize various business processes.Moreover, a Fraunhofer-led AI project has announced its utilization of the peaq network to store digital twins of electric vehicle batteries.

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Pendulum

Pendulum and LINK, a global fintech company, have partnered to  promote the adoption of digital financial services throughout Africa. Additionally, Pendulum has collaborated with various high-quality wallet providers, including Polkadot.JS, Talisman, Subwallet, Nova & Fearless Wallet, and Polkagate, to offer its users a range of options to manage their digital assets, each with its own set of benefits.

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Panoptic

The Panoptic team participated in the Cornell Blockchain conference and held a well-received public event where they showcased their product demo. Check out the event recap here. 

Manta Network

Manta team has been quite active with onboarding numerous partners in a wide range of spectrums: 

• Incubations: LongHash, Moonshot Commons, Beacon as well as Aceleap
• Secutrity: Veridise, Secure3 and Halborn   
• Social-Fi: TalenTale
• Privacy: KaratDAO

These partnerships showcase the team's commitment to building a strong ecosystem and driving innovation in various business areas.

Arweave 

Rareweave, a new NFT marketplace built on Arweave, has been introduced, enabling users to explore digital artwork and meet your artistic cravings without leaving the Arweave ecosystem.

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NEAR Protocol

Messari.io recently pointed out a new record in active accounts on the NEAR network, which boasts one of the fastest-growing development communities and the highest number of validators to date. Another exciting update is the launch of the NEAR mobile app on the NEAR mainnet.

The NEAR team has also been actively present in several events, including Consensus, Namaste Web3, and Hong Kong Web3 festival, showcasing the network's potential to a wider audience. Furthermore, the team has partnered with Nansen, a blockchain analytics firm, to provide advanced tools for dApp developers and investors. This collaboration will enable developers and investors to access real-time data on transactions, addresses, and network activity, among other data-driven solutions.

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Obol

Obol Network has entered the Alpha release phase, integrating the protocol into staking applications and deploying the first set of Mainnet distributed validators. 

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MYSO Finance

MYSO Finance team as shed the light on how their product offers non-liquidatable Lombard loans that provide users with the benefits of both long-term token holding and immediate liquidity. Additionally, the loan structure enables lenders to diversify their risk across a basket of assets.

Moreover, omniscia.io team is currently auditing MYSO’s V2 smart contracts. 

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Fractal Protocol

Fractal’s identity technology is now part of the XRPL ecosystem, enabling users to easily switch between various dApps and have a seamless onboarding experience.

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Sentinel dVPN

Sentinel has provided an update on the development efforts by its ecosystem contributors, which reflects the remarkable increase in the network's usage. Please refer to the screenshot below for further information.

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Polymer Labs 

Polymer Labs partner with Celestia to to enable an interoperable, modular technology stack for future builders. The collaboration will enable seamless communication across rollups on Celestia and in the future, between applications on other blockchains as well.

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Sigmadex (SDEX)

Sigma Labs has implemented an aggregation model with a rewards structure to offer users the most favorable prices for their trades. The team is currently developing a gamified liquidity entryway to introduce SDEX to the market. Additionally, Sigmadex plans to integrate LayerZero, a state-of-the-art interoperability protocol, to support a rewards system that spans multiple chains.

DELV - Element Finance

DELV’s Council Kit has integrated an Airdrop Module, which provides a simple method for Decentralized Autonomous Organizations (DAOs) to distribute voting power to their communities.

Maverick

Maverick has reached a significant milestone by achieving $20 million in Total Value Locked (TVL) and $1 billion in total trading volume within the first 6 weeks of its protocol launch.

FinPro

The FinPro management team is currently in communication with potential partners in the UAE and India, and the discussions are still ongoing. The team is actively working to provide a comprehensive update by the end of this quarter, at the latest.

Fragnova

Giovanni Petrantoni, the CEO of Fraganova, participated in an Outlier Ventures panel discussion focused on the topic of what the future of Media holds with the advent of AI technology.

Contango

After concluding an audit with ABDK and exiting beta mode, Contango has now made its trading platform available on app.contango.xyz. In addition, the team has introduced a new user interface that enhances the trading experience and makes it smoother.

Neon Labs

WalletConnect has recently announced a partnership with Neonlabs and has integrated it into its platform. This move comes after WalletConnect's successful integration with over 170 wallets and 450 dApps.

Alluo Finance

Alluo's team has organized a number of Twitter spaces sessions for their community, tackling a range of topics including governance and Decentralized Finance (DeFi).

Moxy

Moxy’s team has declared the winner of their first season beta challenge and launched the second season to keep the momentum going.

Warp Finance

Warp Finance has recently shared their Q1 2023 update with the community, providing insights into their latest developments. Access the report via the following link.

Industry Update

The industry experienced noteworthy regulatory advancements in April 2023, including Germany's announcement of the "Future Financing Act" and the European Parliament's approval of the Markets in Crypto Assets (MiCA) regulations.

The “Future Financing Act” aims to establish a regulatory framework for the issuance of “crypto shares.” The primary objectives of the legislation are to leverage blockchain technology to digitalize the capital markets by issuing electronic securities and facilitate greater portability of crypto assets, with the aim of making the German capital market more contemporary and productive, and attracting increased private capital for future investments. Public corporations will be given the option of issuing conventional or electronic shares, and the latter can be registered on a blockchain or a central register. Although this news is not directly related to crypto markets, it signifies progress in the tokenization of real-world assets.

Furthermore, the MiCA regulations implementation will offer the EU with a unified approach to regulating crypto assets across all 27 member states. This will enable businesses approved in one country to expand their operations to other countries with minimal additional paperwork.  The new regulations cover different sub-areas of the crypto market, including utility tokens, stablecoins, and custody of Bitcoin and other cryptocurrencies.

Industry experts expect the new crypto regulations to come into effect by June 2023. However, the activation process is anticipated to take between twelve to eighteen months before the complete enforcement of the rules. This period of activation is necessary to ensure that all relevant parties are fully compliant with the new regulations. The introduction of these regulations is a positive step towards creating a more stable crypto market, which can potentially attract more investors and stimulate further innovation in the industry.

In short, the recent regulatory advancements represent a positive indication for the adoption of digital currencies, which experts consider to be in an early and dynamic stage of development. Moving forward.

We appreciate your ongoing support and investment in Advanced Blockchain. We look forward to sharing our future updates with you.

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Best regards,
AB Team