KOR Protocol raises $7.5M in Series A funding

KOR Protocol, an on-chain platform for brokering creative assets, has raised approximately $7.5 million in a Series A funding round. According to The Block, the round was joined by investors including 1kx and Blockchain Capital, valuing the company at $100 million. Built on Base, Coinbase's Ethereum (ETH) Layer 2 network, KOR Protocol aims to provide infrastructure for registering, verifying, distributing, and settling creative works such as music and films on-chain. The new capital will be used to enhance the platform and expand its ecosystem. The company also plans to launch its own token in the future.