November 4, 2024
Kroma, a key participant in the Web3 ecosystem, has announced a new strategic partnership with JB Investment, the venture arm of JB Financial Group. This collaboration is a milestone in Kroma's journey as it looks to expand its influence across blockchain, DeFi, and NFT markets. The backing from JB Investment follows Kroma's recent funding rounds, which have positioned the company for accelerated growth in the Web3 space.
Kroma, built on the Superchain, is advancing blockchain security and scalability through its OP Stack integration, reducing transaction costs and enhancing user experience. It is the first OP Stack rollup with a ZK fault-proof system powered by the Tachyon library, enabling faster and more cost-effective zkEVM generation. The partnership with JB Investment will help Kroma expand into blockchain-based financial products, including Real World Asset (RWA) solutions and DeFi, while enhancing user experiences in gaming and NFT retail services.
The decision by JB Investment to join Kroma as a strategic investor highlights their confidence in the company's future. JB Investment, known for its portfolio of companies across various industries, sees significant potential in Kroma’s ability to drive the next wave of Web3 innovation. The partnership promises to open new doors for Kroma’s technological development and ecosystem expansion, solidifying its leadership position in the Web3 space.
Kroma continues to benefit from strong support from key partners, including SK Planet, Xangle, and Hexlant. With these alliances, along with the backing of JB Investment, Kroma is poised to lead the way in the development of secure, scalable decentralized applications.
About Kroma
Kroma is a Layer 2 solution built on the Superchain, advancing the OP Stack to improve blockchain transaction security and efficiency. Kroma is known for being the first OP Stack rollup to feature an active fault-proof system using zkEVM. The platform plans to transition to a universal ZK Rollup once the generation of ZK proofs becomes more efficient. With a focus on gamified Web3 experiences, Kroma aims to drive universal Web3 adoption across gaming, consumer applications, and technical solutions.
Website: https://kroma.network/
X: @kroma_network
About Investor
JB Investment
JB Investment is the venture capital arm of JB Financial Group, established in 2013. Based in Seoul, South Korea, JB Investment specializes in investments across a variety of sectors, including blockchain, gaming, and digital asset solutions. Their portfolio includes investments in companies like Wavebridge, Carrieverse, and Mass-Adoption, and their decision to back Kroma aligns with their strategy to support innovative, high-growth technologies.
Location: Seoul, South Korea
Website: https://jbinvestmentsllc.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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