Join Our Mailing List
Sunday February 05, 2023
Bitcoin (BTC) $23,327.25   Ethereum (ETH) $1,664.28
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Featured

Blockchain asset fund KR1 invests in NexusMutual, Argent, and Herdius

Published by CryptoNinjas.net
04/04/2018
Blockchain asset fund KR1 invests in NexusMutual, Argent, and Herdius

KR1, a UK fund investing in blockchain asset tokens today has announced their most recent purchases. The first supported project revealed by KR1 was a seed investment of GBP 184,000 into Nexus Collective Ltd, which is leading the Nexus Mutual Project (NXM).

The purchased NXM tokens will be issued to KR1 at a 17.5% discount to the lowest price offered as part of the NXM public token sale.

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 incentivizing smart contract security auditors to stake their reputations against prominently used smart contracts.

Hugh Karp, Chief Executive Officer of NexusMutual said, “we’re really excited to be supported by KR1 as we build out our vision of a decentralized insurance mutual company. Insurance mutuals companies are naturally focussed on the community and KR1 have been a key member of the Ethereum community from the beginning, so we couldn’t think of a better partner to have.”

Secondly, KR1 participated in the seed funding round for Argent Labs Limited, backing the project with GBP 150,000. Argent is creating a decentralized banking protocol on the Ethereum blockchain, which will give users a platform to manage their funds and interact with this new token economy. Intuitive and easy to use cryptocurrency infrastructure has not thus far been widely available, thus the KR1 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.

Last but not least, KR1 participated in the private pre-sale for the Herdius Project (HER) investing EUR 201,000 for a yet-to-be-determined amount of discounted Herdius tokens. Herdius is a wide-ranging initiative to create a new decentralized 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.

George McDonaugh, Chief Executive Officer of KR1 commented:

“For the Blockchain ecosystem as a whole, it’s been a subdued few months in terms of asset values, but in terms of projects, it’s never looked so encouraging. Across the space, once novel technology has bedded in and is being built upon and we’re seeing new ways of approaching privacy, scalability and token mechanics. KR1’s network has grown along with our reputation, ensuring we continue to get into exciting projects early, with great allocations. I am confident these developments will spur on the next wave of interest, ensuring the technology continues to gain further adoption globally.”

123
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Crypto investment fund KR1 continues to back cross-chain liquidity protocol HydraDX

02/23/2022
Crypto investment fund KR1 continues to back cross-chain liquidity protocol HydraDX

KR1, a blockchain and crypto-asset investment company, has now announced it has participated in the HydraDX (HDX) crowdloan and Polkadot (DOT) parachain auction. KR1 contributed a total of 350,000.00 DOT to the HydraDX crowdloan...

Read more

KR1 invests $4.4M in Shiden, a smart contract platform and dApp layer on Kusama

06/09/2021
KR1 invests $4.4M in Shiden, a smart contract platform and dApp layer on Kusama

KR1, a blockchain asset & crypto investment company, today announced it has participated in the Shiden crowd loan and upcoming Kusama (KSM) parachain auction. KR1 contributed a total of 10,000 KSM; equivalent to USD...

Read more

KR1 invests $200K in zero-knowledge proofs service Starks Network

03/17/2021
KR! invests $200 in Starks Network

KR1, a crypto & blockchain asset investment company, today announced its latest investment with the company investing a total of USD $200,000 in the Starks Network (STN) project. KR1 took part in Stark’s seed...

Read more

Crypto fund KR1 invests $200K into seed round for privacy layer service Automata Network

03/09/2021
Crypto fund KR1 invests $200K into seed round for privacy layer service Automata Network

KR1, a crypto/blockchain asset investment company, has announced that it invested a total of USD $200,000 into Automata Network’s seed funding round and will receive a yet-to-be-determined amount of Automata (ATA) tokens. Automata Network...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
6 Best Cloud Mining Platform In 2022

6 Best Cloud Mining Platform In 2022

11/20/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy