Kroma Secures Series A Funding from Prominent Investors

Kroma,
a
prominent
Layer
2
blockchain
solution
provider,
has
successfully
completed
its
Series
A
funding
round
and
publicly
announced
the
participation
of
a
diverse
group
of
investors. The
round
secured
backing
from
Asia
Advisors
Korea,
Gate
Ventures,
ICC
Venture,
Planetarium,
Presto,
RFD
Capital,
Taisu
Ventures,
The
Spartan
Group,
Waterdrip
Capital,
and
other
additional
partners
have
also
participated
in
this
round.

Kroma
is
Asia’s
leading
Layer
2
solution,
designed
to
make
Web3
accessible
through
intuitive,
gamified
real-life
decentralized
applications
(dApps).
Built
on
the
OP
Stack,
Kroma
is
the
first
Ethereum
Layer
2
solution
to
implement
zk
fault
proofs,
creating
a
permissionless
network
for
validators.
By
using
its
modular
zero-knowledge
(zk)
proving
library,
Tachyon,
the
network
enhances
transaction
speed
and
reduces
gas
fees,
making
zk
proof
generation
more
cost-efficient
and
faster.

Kroma
is
also
pioneering
Native
Account
Abstraction
(AA)
within
the
Superchain
ecosystem
to
deliver
a
seamless
Web3
gaming
experience.
With
over
81
partners,
including
SK
Planet,
Xangle,
and
Hexlant,
Kroma
is
expanding
its
impact
across
gaming,
DeFi,
NFTs,
and
beyond,
contributing
essential
technology
to
the
community.

Kroma
has
recently
completed
a
significant
shift
in
its
shareholding
structure,
transitioning
from
a
subsidiary
of
Wemade
to
hosting
a
broader
base
of
shareholders
and
partners
centered
around
the
founders
and
management.
This
change
positions Kroma to
drive
its
global
business
forward
with
enhanced
support
from
a
diverse
range
of
stakeholders.

Kroma
will
continue
to
collaborate
with
Wemade
on
various
initiatives
and
ensure
the
continued
growth
of
the
Gamified
Web3
ecosystem.
To
further
this
goal,
Kroma
has
secured
key
investors
such
as
ICC
Venture,
ISKRA,
Overtake,
Planetarium,
Wellxy,
and
XStar,
and
looks
forward
to
ongoing
collaboration
with
these
partners.

The
capital
raised
will
be
directed
towards
further
advancing
Kroma’s
infrastructure,
with
an
emphasis
on
expanding
its
functionalities
and
enhancing
the
platform’s
development.
Kroma’s
applications
are
designed
to
appeal
to
a
broad
audience
while
maintaining
high
standards
of
security
and
operational
efficiency.

Taekyu
Park,
CEO
of
Kroma,
stated,
“This
investment
reflects
strong
confidence
in
Kroma’s
technology
and
strategic
vision.
We
look
forward
to
leveraging
this
funding
to
enhance
our
Layer
2
solutions,
ensuring
we
continue
to
deliver
efficient
and
secure
blockchain
services.”

Kroma’s strategic
direction
and
technological
innovations
have
garnered
significant
attention
from
the
investment
community.
The
funds
will
play
a
crucial
role
in
scaling
operations
and
integrating
new
features,
further
solidifying
Kroma’s
position
in
the
evolving
blockchain
landscape.

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Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.