KOR Completes $7.5 Million Series A Funding with a Post-Money Valuation of $100 Million

KorProtocol has announced the completion of a $7.5 million Series A funding round, led by 1kx and Blockchain Capital, with a post-money valuation of $100 million. Other participating institutions include Republic, Animoca, Solana, and Avalanche. KOR transforms creative assets into verifiable, matchable, and automatically settled on-chain assets through three types of engines: Verify, Route, and Settle. The Verify engine allows creators to register their works on-chain, recording provenance, ownership, and licensing terms; the Route engine uses data and AI to match creators, assets, labels, brands, platforms, and agencies; the Settle engine facilitates instant automatic revenue sharing on the Base chain through smart contracts and USDC, supporting complex revenue-sharing rules and recurring income. KOR currently has over 1 million registered users, more than $2 million in revenue, over 285,000 NFTs, and more than 1,000 IP partners, collaborating with deadmau5 and "Black Mirror." Following the funding, KOR will continue to expand its IP offerings, deepen collaborations, and advance network expansion.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.