(“KR1” or the “Company”)
The Company has made a seed investment into
NexusMutual uses blockchain technology to recreate insurance mutual company models on a large scale. The platform will bring together people from all over the world to share risk together without the need for an insurance company. The first product available will be cover for smart contracts, adding an extra layer of assurance, an extremely important element in the blockchain stack and incentivising smart contract security auditors to stake their reputations against prominently used smart contracts.
The Company is also pleased to announce that it has participated in the seed funding round for
Argent is creating a decentralised banking protocol on the Ethereum blockchain, which will give users a platform to manage their funds and interact within this new token economy. Intuitive and easy to use cryptocurrency infrastructure has not thus far been widely available, so the Directors believe that a new protocol for cryptocurrency storage and transfer, that can cater for the numbers of new entrants to the ecosystem, will prove to be a very valuable addition to space. KR1 has worked very closely with the team of Argent since its inception and will continue to support the project as it develops.
KR1 has also taken part in the private pre-sale for the
Herdius is a wide-ranging initiative to create a new decentralised economy with three aims: to create blockchain architecture with high scalability and low confirmation times; to solve cross-chain interoperability; and to create a new way of handling private keys in a more secure and convenient manner. It will allow for incentives to be aligned within the network created, allow holders a reduction in network fees and the tokens will also serve to secure the network in their novel ‘proof of stake’ chain design. The Directors look for look forward to helping this experienced team, bring their vison to life.
The directors of the issuer accept responsibility for the contents of this announcement.
+44 (0)16 2467 6716
NEX Corporate Adviser
+44 (0)20 7469 0930