KOR Protocol Completes $7.5M Series A Funding, 1kx and Others Participate

Odaily reports that KOR Protocol has 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 funds will be used for platform development, ecosystem growth, and partner integration, and the company plans to launch a token.

KOR Protocol is an on-chain creative asset clearing platform based on Coinbase's Layer 2, providing verification, routing, and settlement infrastructure for creative works such as music and film. By registering assets on-chain, it helps creators match with suitable brands, platforms, and distributors, and enables programmable revenue sharing payments through stablecoins like USDC.