KOR Protocol Raises $7.5M in Series A Funding, With Participation from 1kx and Others

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 protocol plans to launch a token.

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