Crypto investment company KR1 invests in Moonbeam Network

KR1, a cryptocurrency and blockchain asset investment company, this day launched that it has invested a full of USD $100,000 in the Moonbeam Community challenge. KR1 took phase in Moonbeam’s seed funding round alongside Hypersphere Capital and HashKey Employees and can simply receive a but-to-be-determined amount of Glimmer (GLMR) tokens that will vitality Moonbeam’s blockchain.

Moonbeam is an Ethereum effectively salubrious dapper contract platform on the Polkadot network and is a new, highly efficient, scalable blockchain that makes it uncomplicated to develop interoperable decentralized applications (dApps) that will well mix and saunter in parallel with diversified blockchains, at the side of Ethereum and Bitcoin. The Ethereum compatibility permits builders to deploy existing Ethereum dapper contracts to Moonbeam with minimal changes. As a Polkadot ‘Parachain’, Moonbeam can safe the good thing about the shared safety of Polkadot and integrations with diversified chains which would possibly well be linked to Polkadot.

Moonbeam is being led by Derek Yoo and his experienced crew at PureStake, who present the protocol implementation for Moonbeam. The challenge is for the time being in energetic pattern and is anticipated to achieve mainnet by mid-2021.


Derek Yoo, CEO of PureStake and Founding father of Moonbeam, commented:

“KR1 has a worthy song file of investing in Web3 technology that strikes the alternate forward, from Ethereum and Polkadot’s early days to the DAOs and DeFi platforms rising this day. We’re happy to affix their portfolio of investments and welcome their precious perception as we proceed to develop and develop the Moonbeam dapper contract platform to enlighten Ethereum interoperability and compatibility with Polkadot.”

Keld van Schreven, Managing Director and Co-Founding father of KR1, commented:

“We’ve seen inconceivable recount in dapper contracts on Ethereum and now, with the start of Moonbeam, we query to survey high recount charges and developer engagement. Moonbeam represents the most effective of the full studying of Ethereum dapper contracts on a effective rapid stable blockchain built within Polkadot. The aptitude for highly efficient new sorts of recent DeFi applications and products and providers is de facto limitless. Derek is an experienced hand guidance the ship and we now safe large faith in him and his crew.”

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