KOR Protocol raised a $7.5 million Series A funding round at a $100 million valuation with participation from 1kx, Blockchain Capital, Republic Crypto, Sfermion, Alumni Ventures, SevenX, and others, according to an announcement shared with The Block. The entertainment-focused protocol will use the funds to continue developing its platform, drive ecosystem growth, pursue partner integrations, and launch a token. KOR operates as an onchain creative asset clearinghouse built on Coinbase's Layer 2 blockchain, providing infrastructure to verify, route, and settle creative works like music and movies amid the emergence of AI-driven content challenges.
1kx and Blockchain Capital Lead $7.5 Million Series A at $100 Million Valuation
1kx and Blockchain Capital led KOR Protocol's $7.5 million Series A funding round at a $100 million valuation. Previous investors Republic Crypto, Sfermion, Alumni Ventures, and SevenX also participated in the round, according to the announcement shared with The Block. KOR describes itself as an onchain creative asset clearinghouse built on Coinbase's Layer 2 blockchain.
KOR Protocol Provides Onchain Infrastructure for Music and Movie Asset Settlement
KOR Protocol provides infrastructure to verify, route, and settle creative works like music and movies. By registering these assets onchain, KOR argues they can be better matched "with the right labels, agencies, MCNs, brands, curators and platforms." The platform uses stablecoins like USDC for payments, including "programmable splits across the people and partners involved."
Ritty Quin, an electronic music producer and CEO of KOR, said: "As both an artist and an operator, I know how difficult it is to translate strong work and audience momentum into distribution, partnerships, and sustainable revenue. KOR is building the system that connects those pieces by helping talent get recognized earlier, reach the right opportunities, and build lasting careers."
KOR notes it is "not building a new chain," and is instead designed to be composable with existing IP infrastructure, like "asset standards, attestation systems, agent identity frameworks, HTTP-native payments, cross-chain intents, and stablecoin settlement." The platform provides tools for provenance and ownership, allowing creators to register their assets onchain, and AI-powered discovery and matching algorithms to route these works to audiences and distributors. When a work gets licensed, remixed, used in a campaign, or otherwise monetized, value flows back transparently to creators and rights holders.
Platform Surpasses $2 Million Revenue with 1,000+ Partners and 400,000 Wallets
KOR Protocol has surpassed $2 million in gross revenue. The platform has over 1,000 partners, including Black Mirror, Beatport, mau5trap, Imogen Heap, Banijay Group, and KDDI, and over 1 million lifetime sign-ups and 400,000 connected wallets.
KOR Protocol Plans Token Launch
KOR Protocol is planning to launch a token, according to the announcement. The Series A funds will be used to continue developing the platform, drive ecosystem growth, and pursue partner integrations.
FAQ
What did KOR Protocol raise in its Series A funding round?
KOR Protocol raised a $7.5 million Series A funding round at a $100 million valuation with participation from 1kx, Blockchain Capital, Republic Crypto, Sfermion, Alumni Ventures, SevenX, and others.
How does KOR Protocol use blockchain for creative assets?
KOR Protocol provides onchain infrastructure built on Coinbase's Layer 2 blockchain to verify, route, and settle creative works like music and movies. The platform uses stablecoins like USDC for payments, including programmable splits across creators and partners, and allows creators to register assets onchain for better matching with labels, agencies, brands, curators, and platforms.
What revenue and partner metrics has KOR Protocol achieved?
KOR Protocol has surpassed $2 million in gross revenue, has over 1,000 partners including Black Mirror, Beatport, mau5trap, Imogen Heap, Banijay Group, and KDDI, and has over 1 million lifetime sign-ups and 400,000 connected wallets.
