KR1 targets the cutting edge of blockchain technology

KR1 is a leading digital asset investment company supporting early-stage decentralised and open source blockchain and DeFi projects.

Founded in 2016 and publicly traded in London on the APX segment of the AQSE Growth Market, KR1 has built a notable reputation for generating significant returns by investing in many key projects that are designed to power the decentralised platforms and protocols that are emerging to form new internet infrastructures.

() said it has participated in the Kintsugi crowdloan and Kusama (KSM) parachain auction, contributing a total of 5,000 KSM to the campaign.

Kintsugi is interBTC’s canary network on Kusama that allows users to create kBTC, a one-to-one Bitcoin-backed asset, maintained by a decentralised network through collateralised Bitcoin vaults.

Upon a successful Kintsugi parachain auction bid, KR1 will receive a to-be-determined amount of Kintsugi (“KINT”) tokens in return for supporting the Kintsugi crowdloan campaign.

“This method of token distribution involves no direct investment of capital, instead, it is an indirect investment with the opportunity costs being the inaccessibility of the locked KSM funds as well as foregoing any staking yields on the contributed KSM for the time period,” said KR1.

KR1 PLC (AQSE:KR1) told investors it is witnessing unprecedented usage of blockchain networks and increasing allocations by institutional investors into digital assets and expects these trends to continue.

The company, in its interim results statement released on Thursday evening, said it expects further clarifications from regulators on cryptocurrency and digital assets, though it is confident permission-less, open-source, decentralised technologies will continue to proliferate globally.

KR1 said it has taken part in the Basilisk crowd loan and Kusama (KSM) para chain auction.

Keld van Schreven, Managing Director and Co-Founder of KR1, said: “Basilisk is an exciting community-focused project run by an exceptional team of crypto thinkers.

KR1 PLC‘s (LON:KR1) George McDonaugh caught up with Proactive London after participating in a crowdloan for the Shiden Network, a smart contract platform that acts as a research and development chain of the Plasm Network.

He also explains their role in the crowdloan for Karura, a scalable Ethereum virtual machine (EVM) blockchain network and will also be taking part in a parachain auction for Kusama, a Polkadot-based blockchain network.