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KR1 PLC on Wednesday said it is investing a total of $1.5 million into Interop Ventures Fund 1 LP.
The Isle of Man-based investor focused on the blockchain industry has invested $750,000 already to date, and expects to invest a further $750,000 in the first quarter of next year.
Interop Ventures is an early-stage venture fund specialising in blockchain primitives and protocols of the Cosmos Interchain.
Keld van Schreven, managing director & co-founder of KR1, commented: ‘Investing in Interop Ventures gives KR1 exposure to many undiscovered promising early-stage projects in the rapidly growing Cosmos ecosystem. The Interop Ventures team comprises exceptional people with a deep understanding and relevant expertise in the sector.’
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