KR1 April Update 💰

KR1 got started in early 2016 as the world’s first public digital asset investment company and as such it’s all about the numbers. We don’t sell often but we did realize some gains over the last quarter (for various reasons but mostly to build up our war-chest for new exciting projects!).

Portfolio update

Here are sells that we disclosed of some tokens lately. We still hold big positions in each of the projects listed below (the sells are only partial and capture the average price we sold at) and continue to be big fans of the teams. The full public announcement can be found here on the London NEX exchange website.

IXLedger

823,374 IXT bought for $0.119, sold at $1.49 giving a 1152% return.

Bluzelle

1,064,774 BLZ bought for $0.094, sold at $0.451 giving at 380% return.

Funfair

7,073,303 FUN bought for $0.0067, sold at $0.0579 giving a 764% return.

Enigma

104,166 ENG bought for $0.48, sold at $6.01 giving a 1152% return.

Mysterium

26,708 MYST bought for 0.688 GBP (about $0.877 at the time), sold at $3.99 giving a 355% return.

SimpleToken (OST)

596,959 OST bought for $0.052, sold at $1.11 giving a 2035% return.

FOAM is getting ready

One of the decentralised projects we are most excited about at the moment is FOAM, which is a geospatial protocol and new “Proof of Location” platform to prove where assets, objects and people are or were. We were seed funders of Ryan, Katya, Kristoffer and their team earlier last year and were convinced that their vision could be widely adopted as a ‘new GPS’ standard for IoT and blockchain projects. It may even replace GPS if all planets align. It’s one of the great examples of how blockchain tech can shift a whole industry. Watch the FOAM Epicenter podcast here and you will soon get fomo :).

Nexus Mutual

Nice shout out from Nexus Mutual;

It’s all about the Developers

We made a small seed investment in Blocksmith, a young bright blockchain development company and spin-off of Whitesmith, a digital product studio that has been running for more than six years, going from idea to first product iteration with a track record in the start-up and corporate world. Rafael and his team are highly skilled, motivated and are starting to take on Ethereum and NEO blockchain development projects. They recently received a commended award from the NEO council for an open dApp development competition. We are excited to support them. Blocksmith is based in Shoreditch, London and you can reach out Rafael at rafael@blocksmith.tech.

Out and about

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George at the Ethereum London meetup during Blockchain Expo
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George on a panel during the London Cryptocurrency Show 2018

What’s next

April was a month in which we talked to some amazing new projects and helped our current projects on many aspects on gearing up to their mainnet launches.

Written by

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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