The Good Tech Companies - Kroma Secures Series A Funding From Prominent Investors

Episode Date: September 3, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/kroma-secures-series-a-funding-from-prominent-investors. Kroma is Asia’s leading Layer 2 solution, designed to make Web3 accessible through intuitive, gamified real-life decentralized applications (dApps). Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #kroma, #btcwire, #kroma-announcement, #layer-two-solution-blockchain, #blockchain-development, #decentralized-internet, #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. 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 blockchain solution to implement zk fault proofs. The funds will play a crucial role in scaling operations and integrating new features.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Chroma Secures Series A Funding from Prominent Investors, by BTC Wire. Seoul, Korea, September 2, 2024, Chroma, 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. Chroma is Asia's leading Layer 2 solution, designed to make Web3

accessible through intuitive, gamified real-life decentralized applications, DAPPs, built on the opstack. Chroma is the first Ethereum Layer 2 solution to implement default 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. Chroma is also pioneering native account abstraction, A, within the Superchain ecosystem to deliver a seamless Web3 gaming experience. With over 81 partners, including SK Planet, Zangle, and Hexlent, Chroma IS expanding its

impact across gaming, DeFi, NFTs, and beyond, contributing essential technology to the community. Chroma 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 Chroma to drive its global business forward with enhanced support from a diverse range of stakeholders. Chroma will continue to collaborate with WeMade on various initiatives and ensure the continued growth of the gamified Web3 ecosystem. To further this goal, Chromaha has secured key investors such as ICC Venture, Iskra, Overtake, Planetarium, Wall-C, and X-Star, 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. Greater than Taikoo Park, CEO of Chroma, stated, This investment reflects strong confidence greater than in Chroma's technology and strategic vision. We look forward to leveraging this greater than funding to enhance our Layer 2 solutions, ensuring we continue to deliver greater than efficient and secure blockchain services. Chroma'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 Chroma's position in the evolving blockchain landscape. Follow us. Website, Twitter, Discord, GitHub, Medium, Docs, Ecosystem, Brand Kit, Foundation Grant. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.