Formerly KRYPTONITE1 plc, newly renamed KR1 Plc (NEX: KR1) is a publicly listed investment company on the London NEX Exchange, focused on the blockchain ecosystem.
They invest in early-stage projects and blockchain-based digital assets such as ICOs and have been very successful to date seeing July 2017 placees (2p) taking 400% profits in the run-up to 2018. CEO George McDonaugh outline the future for KR1 and their investors.
Sat 10 February 2018
Macdonald Manchester Hotel, London Road, Manchester
KR1 PLC is the leading publicly listed investment company focused on the blockchain and decentralised technologies (NEX:KR1).
At KR1 we support and invest in the best and most disruptive decentralised projects in the world. We support projects and teams looking to help bring about radical change and social improvement through decentralised technologies, and to help fix the broken internet that we have.
We had an incredible 2017 and took a breath at the end of December and we had a thought we would get a gentle start to 2018, but January started off at a blistering pace!
PROPS by YouNow
We normally sit out tokenising existing platforms as most of them are retro-fitted, but PROPS has a real chance to properly incentivise social media activity, plus the numbers, the incredible team and strong commitment to fully move into a decentralised vision were compelling! PROPS decentralises the digital media economy solving the biggest problem in social, in their own words:
“(…) a few platforms dominate social, and control digital media distribution. Their strength depends on millions of users creating and sharing content, but only a small fraction of the hundreds of billions in enterprise value that they have amassed flows back to those that create it. PROPS ensures that network value flows back to the people who help it grow, better aligning stakeholders across the platform.”
We also released our Bluzelle investment. Pavel and Neeraj are building a key piece of the decentralisation puzzle for developers and just finished their successful public sale. They can finally get back to building their product and educate more developers of the possibilities of building on top of Bluzelle. Watch Pavel giving the NEO developers community an overview about their work at NEO DEVCON in late January.
CoinDesk covered what Pavel, Neeraj, and team were up to recently and we got a timely quote in the Bluzelle CoinDesk article.
Gibraltar Blockchain Exchange (GBX)
We are excited to announce that we have participated in the private sale and are going to be strategic early adopters for the world’s first state-sanctioned digital asset exchange and token sale platform, GBX or the Gibraltar Blockchain Exchange. Referred to as “The Crypto Harbour”, Gibraltar has implemented a new, blockchain-friendly regulation to encourage blockchain focussed projects to incorporate in a friendly crypto environment. GBX and Gibraltar have the ability to become another safe harbour for crypto in Europe. KR1 will be open for submission from new projects to then potentially be listed on GBX either as a primary exchange and token sale platform or as a secondary listing. GBX will include listings for pure utility tokens as well as tokenised securities.
We also released news of participating in Elastos a new decentralised operating system for dApps with huge potential. Elastos makes up one of China’s G3 blockchain companies, along with NEO and Bitmain. With over 10,000,000 lines of code and their own blockchain, Elastos is creating a secure new operating system to make digital assets scarce, identifiable and tradable. The Elastos platform will be targeting decentralised applications (dApps) that run on a peer-to-peer network with no centralised control and has the potential to revolutionise how we access movies, images, and other digital assets.
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