KR1 June Update 🌇

Cool New Investments 😎

Dfinity

Dfinity is a large scale blockchain cloud supercomputer focused on high speed big business enterprise applications. We have been interested in their research for a long time — well since Feb 2017! And we are excited to announce that we are supporting them by investing GBP£593,000 for a total of 191,681.85 Dfinity Network Tokens and helping in the community building. Watch Keld and Arthur Falls from Dfinity at a KR1 KRYPTONIGHT meetup, and also watch Arthur being interviewed by Mike Butcher’s jacket at this years Pathfounder event.

“DFINITY has been fortunate to receive support from KR1. The KR1 team has been invaluable in their facilitation of events in London, and their generous capital contribution was greatly appreciated.“

- Arthur Falls, Head of Communication, Dfinity

Flying Carpet

We also seed invested USD $100,000 in Flying Carpet, a decentralised autonomous transport layer led by Julien Bouteloup. It sounds a bit of a mouthful but its a very clever combination of blockchain plus existing idle transport inventory, which will unlock a huge amount of value for operators and customers as well as open up new industries especially for developing nations. We particularly love the fact that Flying Carpet is in use with Coconut farmers in Papua New Guinea!

“KR1 have been there from the beginning in supporting the Ethereum and crypto community grow and thats why we choose to work with KR1.” Julien Bouteloup, Founder, Flying Carpet.

We are very excited about the work Julien his team and advisors, including Viktor Tron (Ethereum Foundation), have been doing and look forward to seeing how they progress. Watch George and Juliens’ flying jacket at a KR1 KRYPTONIGHT meetup.

Connext

We are stoked to announce (very belatedly!) our support of Connext. Arjun and his team have been working really hard on some key issues swirling around crypto for awhile pivoting from converting credit card payments into crypto tokens into something marvellous — solving Ethereum’s fabled scaling issues! Connext is now a layer two scaling platform that lets Ethereum projects enable lightning fast transactions for their users!

Connext can solve Ethereums’ scaling and gas cost issues

Out and about

Paul Astengo, George McDonaugh, Nick Cowan at Google’s Startup Grind
Above: Keld van Schreven from @KR1plc , Henri Pihkala from @streamrinc , David Gilbert from @vicenews , Olga Feldmeier from @smartvalorinc

Coming up

Don’t miss one of our portfolio projects Rlay at the upcoming Coinscrum meetup, which we sponsor. The brilliant Michael Hirn, founder of Rlay, will be decloaking :)

Coinscrum Meetup featuring Zen and Rlay
#ETHLDN featuring FOAM, Token Analyst and Arkilio
In Gav we trust. Polkadot status update in London, July 12th.

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KR1 plc

KR1 plc

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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.