Svmuu News: KOR Protocol announced the completion of a $7.5 million Series A funding round, with participation from 1kx, Blockchain Capital, and others, valuing the company at $100 million. The funds raised in this round will be used for platform development, ecosystem growth, and partner integration, and the company plans to launch its token.
KOR Protocol is an on-chain creative asset settlement platform built on theCoinbaseLayer 2. It provides verification, routing, and settlement infrastructure for creative works such as music and films. By registering assets on-chain, it helps creators connect with suitable brands, platforms, and distributors, and enables programmable revenue-sharing payments via stablecoins such as USDC.