KR1 August Update 🎉

Great Polkadot Memes flying around on Twitter, credits here to ‘DonnieBigBags’

Polkadot DOT Transfers Enabled!

With the Polkadot DOT tokens becoming transferable, we were also able to realize our first chunk of accrued staking rewards. We announced our revenue from staking on the Polkadot network and seeing the revenue coming in from DOT staking yields is hugely rewarding for us and our shareholders. Polkadot joined Cosmos as the second major yield-bearing asset in KR1’s portfolio and puts the Company on an even stronger footing for the future for funding future investments and generating solid cash flows.

MetaCartel Ventures DAO

https://metacartel.xyz/

We were excited to announce that we have become members of the MetaCartel Venture Decentralised Autonomous Organisation (“MCV” or “MCV DAO”). For us, the MetaCartel Ventures DAO offers a unique investment opportunity, which brings with it a strong deal flow pipeline where we can contribute our expertise and experience as well as add to it with early-stage projects we are seeing. MetaCartel and all the individuals involved are a highly credible and hugely influential community including the best and brightest people, which will serve it well as it grows. MCV may very well serve as a model on how to manage and govern capital in the future. To date, the MCV DAO has already made several investments, including Reflexer Labs, building ‘RAI’, a low volatility collateral for the DeFi ecosystem, and Zapper Finance, a popular DeFi dashboard and interface.

Peter Pan of MetaCartel Ventures DAO commented: “In crypto we are all on the same team to make change happen and KR1 is a great example of a team that is on your side. KR1 truly cares about the grassroots ethos of Web 3 and is willing to back their beliefs. Excited to see MetaCartel Ventures grow in strength.”

Acala: Rapid Development & Series A

We are super excited about Acala’s vision for the future!

Another update this months was that Acala and Plasm jointly took their first steps deploying their technology to Polkadot with a testnet release of their parachains.

Dfinity Continues to Unveil

The Tungsten release is the third of five milestones that will culminate in the Internet Computer’s full public launch later in 2020.

KR1 in the News!

The Defiant: A Deep Dive into DeFi Venture Funding

Simone Conti for The Defiant

KR1 got name checked as being one of the world’s top 5 DeFi investors in ‘The Defiant’, one of the best news sources for everything DeFi.

TLDR:

Based on the investments analyzed, the most active VC funds by number of deals in the DeFi space are Polychain Capital, A16z, Paradigm Capital, 1Confirmation, Bain Capital Ventures, Coinbase Ventures and KR1. They often act as lead investors in the seed rounds opening the way to many other funds working in the space.

DeFi: A Bigger Bang

Unchained Unicorns

What Investment: When Words Collide

KR1 is Europe’s leading digital asset investment company supporting early-stage decentralised and open-source blockchain and DeFi projects. Founded in 2016, KR1 has been a notable first investor in many key projects that will power the decentralised crypto assets, platforms and protocols that form the emerging Web3 infrastructure.

In the spirit of the open and decentralised movement, any individual or institution can buy publicly-listed KR1 shares through the London-based AQSE stock exchange (previously NEX Exchange).

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