The Good Tech Companies - Kroma Secures Another Major Strategic Investment From JB Investment

Episode Date: November 4, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/kroma-secures-another-major-strategic-investment-from-jb-investment. JB Investment, the venture capital arm of JB Financial Group, has built a reputation for its strategic investments across a diverse range of industries. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #kroma, #btcwire, #press-release, #kroma-announcement, #crypto-funding, #crypto-venture-investments, #good-company, and more. This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page, and for more stories, please visit hackernoon.com. JB Investment, the venture capital arm of JB Financial Group, has built a reputation for its strategic investments across a diverse range of industries. This partnership marks another significant milestone in Kroma’s journey, further solidifying its position as a leading innovator in the Web3 ecosystem.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Chroma secures another major strategic investment from JB Investment, by BTC Wire. Singapore, November 4, 2024. Following a recent series of strategic investments, Chroma is proud to announce an exciting new development. JB Investment has joined as a strategic investor. This partnership marks another significant milestone in Chroma's journey, further solidifying its position as a leading innovator in the Web3 ecosystem. JB Investment, the venture capital arm of JB Financial Group, has built a reputation for

its strategic investments across a diverse range of industries. With a strong portfolio spanning industries such as Wavebridge, Digital Asset B2BB solution, Carryverse, Web3 Metaverse game, Mass Adoption, Blockchain-based brand membership solution, Verkl, JB Investment's decision to back Chroma reflects their belief in Chroma's potential to lead the next wave of innovation within the Web3 ecosystem. This latest investment from JB Investment builds on Chroma's recent funding momentum, creating new opportunities for Chroma to accelerate its technological development and ecosystem growth. Chroma plans to explore blockchain-based financial products including RWA, real-world asset, and DeFi through business and development

collaborations with partners at JB Investment while expanding its influence in NFT-based retail services. Chroma, built on the Superchain, is advancing the OP stack, improving the security and efficiency of blockchain transactions. By integrating native account abstraction, Chroma reduces gas fees and simplifies the user experience for both developers and end-users. Chroma is also the first op-stack roll-up featuring a ZK fault-proof system powered by the Tachyon library, which accelerates ZK proof generation while reducing costs, offering unmatched scalability without compromising security. Greater than. We are thrilled to welcome another esteemed partner, JB Investment, to join Greater Than Us as a strategic investor, said Taekyu Park,

founder of Chroma. Greater Than, their involvement is yet another testament to the growing recognition of Greater Than Chroma's technological prowess in the market. This partnership will drive Chroma's growth and help solidify our leadership in the Layer 2 blockchain Greater Than Space. With J.B. Investment's backing, as well as continued support from partners like SK Planet, Zangle, and Hexlent, Chroma is well-positioned to expand its influence across gaming, DeFi, and NFT sectors, driving the future of secure and scalable decentralized applications. About Chroma. As Asia's leading Layer 2 solution built on the Superchain,

Chroma is the first OP stack rollup with an active fault proof system utilizing ZK EVM. N-Chroma will transition to a universal ZK rollup once the generation of ZK proofs becomes more cost-efficient and faster, using its original modular ZK backend library, Tachyon. Chroma plans to push for gamified Web3 experience backed by its strengths in gaming, consumer applications, Asia market, and technical capabilities for true universal Web3 adoption. Tip This story was distributed as a release by BTC Wire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.