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Moonbeam, Half-year Results, Portfolio News

Moonbeam Investment

We were delighted to participate in Moonbeam investment round alongside Hypersphere Capital and HashKey Group in September. Moonbeam is an Ethereum compatible smart contract platform on the Polkadot network and is a new, powerful, scalable blockchain that makes it easy to build interoperable decentralised applications (“dApps”) that can integrate and run in parallel with other blockchains, including Ethereum and Bitcoin. The Ethereum compatibility allows developers to deploy existing Ethereum smart
contracts to Moonbeam with minimal changes. As a Polkadot ‘Parachain’,
Moonbeam will benefit from the shared security of Polkadot and integrations
with other chains that are connected to Polkadot.

Moonbeam is being led by Derek Yoo and his experienced team at PureStake, who provide the protocol implementation for Moonbeam. The project is currently in active development and is expected to reach mainnet by mid-2021. …

About

KR1

KR1 plc is Europe's leading publicly listed investment company focused on blockchain and decentralised technologies (KR1:AQSE). KR1 was founded in March 2016.

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