KR1 September Update 🗺

We published our half year results which represented a ~43% loss in the GBP equivalent of our assets (net current assets) at the end of June 2018 relative to our portfolio at the end of 2017 (in the middle of the crypto boom).

KR1 — Net Current Assets (in million GBP) over the last year

KR1 portfolio update (GNT, QTUM sells)

In terms of selling we’ve been busy over the last couple of months too, we recently announced a complete disposal of our remaining assets in the Golem (“GNT”) and Qtum (“QTUM”) projects, each at around a multiple of 20x from our initial investment. Both projects have reached very mature and self-sufficient stages, which fulfills our mission at KR1 as an early-stage capital provider and supporter, a role we held since the launch of both projects almost two years ago.

Out and About

Oslo Innovation Week

Janos was on a panel with Amber Baldet of Clovyr (the name sounds like a Web 2.0 startup but they’re building very important tools in the Web 3.0 & decentralised technologies stack!) at the Olso Innovation Week, hosted by the legendary Mike Butcher from Techcrunch.

Amber Baldet and Janos Berghorn laughing at Mike Butcher’s joke
Amber Baldet: It was cozy!
Mike Butcher on-stage interviewing Amber Baldet and Janos Berghorn.

‘We’re all in!’ at ETHBerlin

The ETH Hackathons, ETH Berlin being the first one in Europe, have quickly become known as THE credible ETH community events alongside EF’s DEVCON, ETHCC in Paris or Toronto’s EDCON this year. Lots of new companies and crews hacked away, presented and we were thrilled to be co-sponsors alongside Parity, CoinFund, MyCrypto, Messari and others.

ETH Berlin alongside Parity, CoinFund, MyCrypto, Messari and others :)
Lo-fi environmental impact ETHBerlin signage
Hacking!
Blockchain right now — slow, expensive but trustworthy & unstoppable
Blockchain + Social Impact panel featuring Raphael from Alice

Zero Knowledge Summit

Just before ETHBerlin, the Zero Knowledge Summit (#ZK0x02) was on, a highly technical summit, focusing on decentralised technologies and especially privacy. This one-day event was a fun “no-pitch” event, and had lots of cool snarky talks and some workshops.

Up Next!

Lots of action coming up for us at KR1 in October and later in the year!

Web3 Summit in Berlin

Aeron, Web3 Foundation Council member and advisor to us
Owen will explore what is there beyond Dapps and code :)

Bpifrance Inno Génération in Paris

The Big Bitmeet

Student-led blockchain conference at UCL in London for all London students and everyone else interested in blockchain on 13 October 2018, linked here, THE BIG BITMEET.

London & Dfinity

Will Arthurs beard have grown?

Devcon IV in Prague

Tickets sold in out in minutes! Felt like ICOs a long time ago.

CV Summit in Crypto Valley Zug

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