On-chain settlement platform KOR Protocol completes $7.5 million Series A funding, with participation from 1kx and others

CoinFeed July 8 news, according to The Block, KOR Protocol, focused on the entertainment sector, has completed a $7.5 million Series A funding round, with participation from 1kx and Blockchain Capital among others, at a valuation of $100 million. This round of funding will be used for platform development, ecosystem growth, and partner integration, and the project plans to launch a token. KOR Protocol is an on-chain creative asset settlement platform based on Coinbase Layer 2, providing verification, routing, and settlement infrastructure for creative works such as music and film. By registering assets on-chain, KOR helps creators match with the right brands, platforms, and distributors, and enables programmable revenue sharing payments through stablecoins like USDC.