Quasar’s platform and vaults make DeFi investing easy for traders while lowering the barriers to entry of vault creation for strategists. Quasar is democratizing DeFi by making it fair, simple, and transparent. The Quasar team has designed a platform to easily create and join Quasar Vaults – independent asset containers equipped with IBC technology, enabling inter-chain value capture in the Cosmos ecosystem and beyond. Quasar makes digital asset management simple, accessible, and secure. It’s been a pleasure working with Valentin to speed up his original concept, and we wish Quas the best of luck going into the coming testnet and full-feature release.” -Simon Telian, CEO Of Advanced Blockchain AG “Quasar has been operating as an independent entity since May. We are particularly excited about the upcoming testnet launch and look forward to playing a significant role in shaping the future of DeFi.” -Valentin Pletnev, CEO of Quasar Quasar is already operating independently and we are grateful for all the support Advanced Blockchain has provided us. “Following our successful seed funding round, we would like to thank our investors for the faith they have shown in us.
Quasar successfully purchased back the entire intellectual property set that was created along with Advanced Blockchain’s Incubation arm AB.Labs and settled initial incubation costs for its independence. Quasar is now working towards the testnet launch, which is scheduled for the first week of August. Moving forward, Quasar will operate as an independent entity after Advanced Blockchain AG’s efforts to accelerate the initial phases of project growth, spearheaded by former project lead and now CEO, Valentin Pletnev. The round was led by Polychain Capital and Blockchain Capital, along with Figment Capital, Lightshift Capital, and Galileo. Advanced Blockchain AG (Scale Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) announces that incubation Quasar successfully raised $6 million from several well-established VCs.
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