Wednesday,
5 June 2024
KR1 plc
("KR1" or
the "Company")
Investment: Avail
KR1 plc
(KR1:ASE), a leading digital asset investment company, is pleased
to announce that the Company has invested a total of US$1,000,000 into the Avail Project ("AVAIL") in
return for 12,500,000 AVAIL tokens.
Avail is a
Web3 infrastructure layer that allows modular execution layers to
scale and interoperate in a trust-minimised way. As such, Avail is
positioning itself to be a unifying force for a rollup-centric
blockchain ecosystem by composing interactions across chains,
aggregating cryptographic proofs across ecosystems and fusing
shared security guarantees across value layers.
George McDonaugh, Managing
Director and Co-Founder of KR1, commented:
"Over the
years, we have seen rapid innovation in the `mission critical'
areas of how blockchains scale and are secured. Spearheading that
effort is the modular approach to building Web3 infrastructure
combined with innovation around the data availability layer of the
blockchain stack. We are excited to be backing a very high-quality
team that is pushing the boundaries in this area with new and
innovative approaches that will become part of how the crypto
ecosystem expands to billions of users worldwide."
--ENDS--
For
further information please contact:
KR1 plc
George McDonaugh
Keld van Schreven
Phone: +44
(0)1624 630 630
Email:
investors@KR1.io
Peterhouse
Capital Limited (Aquis
Corporate Adviser)
Mark Anwyl
Phone: +44
(0)20 7469 0930
Email:
info@peterhousecap.com
SEC
Newgate (Financial
Communications)
Bob Huxford
Ian Silvera
Atif Nawaz
Phone: +44
(0)20 3757 6882
Email:
KR1@secnewgate.co.uk
About KR1 plc
KR1 plc is
a leading digital asset investment company supporting early-stage
decentralised and open source blockchain projects. Founded in 2016
and publicly traded in London on
the Aquis Growth Market (KR1:ASE), KR1 has one of the longest and
most successful track records of investment in the digital assets
space by investing in decentralised platforms and protocols that
are emerging to form new financial and internet
infrastructures.
www.KR1.io
Market
Abuse Regulation (MAR) Disclosure
This
announcement contains inside information for the purposes of
Article 7 of the Market Abuse Regulation EU 596/2014 as it forms
part of retained EU law (as defined in the European Union
(Withdrawal) Act 2018).