6 April 2021
(“KR1” or the “Company”)
Investment Update: Moonbeam Network
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to announce that Moonbeam (“GLMR”), a portfolio project of KR1 and one of the most prominent projects building on Polkadot, has completed a successful
KR1 is pleased to announce the Company’s participation in this recent funding round, investing a further
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and dApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot.
George McDonaugh, Managing Director and Co-Founder of KR1, commented:
“We’re very excited to follow on our initial investment, as Derek and the whole Moonbeam team have shown huge progress. Moonbeam is now well positioned to come to market as one of the most anticipated networks building on Polkadot. Another major indicator of their success is the number of other projects integrating with Moonbeam already, including some of the best-known platforms in DeFi.”
The Directors of KR1 plc accept responsibility for this announcement.
For further information please contact:
Keld van Schreven
+44 (0)16 2467 6716
|Peterhouse Capital Limited
|(AQSE Corporate Adviser)
+44 (0)20 7469 0930
|Nominis Advisory Ltd
About KR1 plc
KR1 is a leading digital asset investment company supporting early-stage decentralised and open source blockchain and DeFi projects. Founded in 2016 and publicly traded in
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).