KR1 March Update 🥁

Investments

Busy busy busy. We did not plan this busy a March. It was probably our most action packed month, with new projects appearing on the radar… some we can mention and some we can’t… yet :)

Nexus Mutual

We seed funded London based Nexus Mutual. Founder Hugh Karp is taking on the mutual market with the same age-old model but scalable through blockchain. The product market fit focused on smart contract developers and code security auditors for now, appealing to a blockchain-native crowd. Nexus Mutual will initially launch with a single product, Smart Contract Cover. This will provide a fixed claim pay-out should the designated smart contract be used in an “unintended way that results in financial loss”, like The DAO Hack or the more recent Parity multi-sig wallet issues. Try the demo here.

Janos, Steve and Hugh from Nexus, Keld and George.

Hugh Karp, Founder of Nexus Mutual

Argent

We are excited to announce an investment in a new type of digital wallet called Argent. Argent will go a long way to solving the current issues in storing and moving tokens safely. Its founder Itamar Lesuisse has a proven track record of scaling consumer products to users in a multiple of millions. If you’re interested to work with them check out their openings.

“We’re very excited to work with the KR1 team and leverage their deep expertise to build the future of the decentralised web.”

- Julien Niset, Co-Founder of Argent

Herdius

We made an investment in Herdius, a new exciting decentralised project based out of Berlin. Herdius’ founder Balazs Deme has a big vision for a new type of financial platfrom starting with a decentralised exchanged layer with sharded private keys. We are really excited about the project.

Janos, Balazs Deme from Herdius and Keld from KR1. Photo credits: Miriam from Catena Capital

Out and About

Ethereum Community Conference (EthCC) in Paris

Vlad, Vitalik, Karl and crew gathered at one of the prime community gatherings, EthCC Paris, this month. While there were not too many new projects premiering, we got reacquainted with some brilliant minds and saw plenty of innovation and progress happening from great teams in the space. We also had the fortune to catch Vitalik’s Plasma Cash talk.

Vitalik and something to do with marmots
EthCC Dinner in Paris — With Jez San (Funfair), Evan van Ness (Week In Ethereum), Owen Barnes, Hugh from Nexus Mutual, Keld, George and Janos from KR1, Nic Saxlund, Stuart Mast, Pamir, Yiseul, Patricio, Jack du Rose from Colony, Itamar & Julien from Argent, Manu & James from Block0, Rafael from Alice.
KR1 and Rafael from Alice and a special guest in Paris EthCC!

Crypto Investor Show in London

Thousands of the curious and a mass of hodlers queued around blocks on a grey London Saturday in March just to get in. We sponsored some of the show and George was on a key panel on the token economy.

KR1’s George on the mainstage panel at the Crypto Investor Show in London

Keld & KR1 mentioned CoinDesk

So Long ICOs, Hello Airdrops: The Free Token Giveaway Craze Is Here

“Ontology just raised a private round and then didn’t need to do a [public] crowdsale, so they just airdropped to eager NEO hodlers,” Keld van Schreven, a partner at blockchain investment company KR1, told CoinDesk.

Coinscrum

Coinscrum Meetup Group

Gibraltar trip

George and Keld met with key players in Gibraltar as we are founding sponsors (and excited investors) of the Gibraltar Blockchain Exchange, which we’re going to support actively by listing the best of the best crypto projects onto the GBX platform. Watch this space!

The Gibraltar airport is not only one of the shortest in the world but also used as a traffic crossing when not in use!

The Pathfounder: Business of the Blockchain Conference

We curated a full day conference on March 27th in Aldergate, London, organised by Mr. Techcrunch Mike Butcher and Dianne. The great and the good flew in from all over to have a brilliant day talking the state of crypto. This was touted as possibly the best crypto conference, apart from the famous Melonport M-0 conference in October 2017!

KRYPTONIGHT 1 MEETUP in London

Ryan from FOAM wowing the crowd
Arthur Falls from Dfinity during his incredible pitch
Julien Bouteloup from Flying Carpet melting heads!

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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.