Fastbase Acquires Strategic Stake in New York-based Blockchain Technology Company Etheralabs.io
New York, NY, March 3, 2022 – (ACN Newswire) – Fastbase. (“The Company”, “we” and “our”) (OTC: FBSE) today announced that it has acquired 24.5% of Etheralabs LLC, a New York-based venture capital lab and ecosystem that invests , builds and implements disruptive technologies across the Blockchain domain.
Fastbase CEO Rasmus Refer said, “Etheralabs LLC’s disruptive technology and products are in line with Fastbase’s mission to become the world’s leading data provider. Fastbase’s vision is always to be the first with the most advanced technologies to collect, analyze and deliver data to businesses for sales and marketing. Fastbase already uses advanced crawler technology, AI and with the acquisition of a 24.5% stake in Etheralabs LLC, Fastbase can now access the latest blockchain technology to enable data distribution. As early as May, we expect to be able to leverage new blockchain technology and distribute billions of pieces of data quickly and securely among businesses around the world.”
Bryan Feinberg, CEO and Founder of Etheralabs, said, “Fastbase’s capabilities combined with our experience in transforming large data ecosystems into living communities create a definitive way to leverage our experience to accelerate Fastbase in one of the world’s leading data analytics companies. Together with Fastbase will we develop brand new data platforms that will change the way you view and use data? »
About Etheralabs LLC
Etheralabs is a New York-based venture capital lab and ecosystem that invests, builds, and deploys disruptive technologies in the Blockchain landscape. Etheralabs accelerates ideas into solutions that help high-growth companies with a focus on capital appreciation and scale through early identification and accelerated deployment of resources. The acceleration model lays the foundation for moving promising intellectual property from concept to enterprise and from revenue to profitability, culminating in a fully functioning portfolio company that is ready to attract follow-on funding, a business partner acquisition or to operate as a stand-alone business.
Fastbase is raising expectations for 2022 full-year earnings after the strategic acquisition of New York-based blockchain firm Etheralabs.
Source: Fastbase Inc. Etheralabs LLC
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