KOR Protocol Completes $7.5 Million Series A Funding Round, with 1kx Among Participants

Odaily Planet Daily News: KOR Protocol announced the completion of a $7.5 million Series A funding round, with participation from 1kx, Blockchain Capital, and others, at a valuation of $100 million. The funding will be used for platform development, ecosystem growth, and partner integration, and the project plans to launch a token.

KOR Protocol is a blockchain-based creative asset clearing platform built on Coinbase's Layer 2 network. It provides verification, routing, and settlement infrastructure for creative works such as music and films. By registering assets on-chain, it helps creators match with suitable brands, platforms, and distributors, and enables programmable payment splits through stablecoins like USDC.