Stories and Reviews
September 02, 2024

Kroma Secures Series A Funding from Prominent Investors

Kroma Secures Series A Funding from Prominent Investors

Sep 2, 2024Kroma, 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.

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 Ethereum Layer 2 solution to implement zk fault 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.

Kroma is also pioneering Native Account Abstraction (AA) within the Superchain ecosystem to deliver a seamless Web3 gaming experience. With over 81 partners, including SK Planet, Xangle, and Hexlant, Kroma is expanding its impact across gaming, DeFi, NFTs, and beyond, contributing essential technology to the community.

Kroma 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 Kroma to drive its global business forward with enhanced support from a diverse range of stakeholders.

Kroma will continue to collaborate with Wemade on various initiatives and ensure the continued growth of the Gamified Web3 ecosystem. To further this goal, Kroma has secured key investors such as ICC Venture, ISKRA, Overtake, Planetarium, Wellxy, and XStar, 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.

Taekyu Park, CEO of Kroma, stated, “This investment reflects strong confidence in Kroma’s technology and strategic vision. We look forward to leveraging this funding to enhance our Layer 2 solutions, ensuring we continue to deliver efficient and secure blockchain services.”

Kroma’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 Kroma’s position in the evolving blockchain landscape.

Follow us:

Website | Twitter | Discord | Github | Medium | Docs | Ecosystem | Brand Kit | Foundation Grant

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.

More articles
Gregory Pudovsky
Gregory Pudovsky

Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.

Hot Stories

How to Trade Smarter with AI in 2025

by Victoria d'Este
June 22, 2025

Can Open Source Compete with Corporate AI?

by Camilo Aguiar-Mendez
June 20, 2025
Join Our Newsletter.
Latest News

10 Best AI Podcasts for 2025

by Victoria d'Este
June 22, 2025

Top 7 AI Courses of 2025 for All Levels

by Victoria d'Este
June 20, 2025

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
Middle East conflict continues to escalate, risk assets suffer – Get passive income from crypto assets through AIXA Miner cloud mining platform
Stories and Reviews
Middle East conflict continues to escalate, risk assets suffer – Get passive income from crypto assets through AIXA Miner cloud mining platform
June 20, 2025
PEPE vs APORK: Which Tiny Market Cap Coin Offers the Better Risk-Reward Setup
Stories and Reviews
PEPE vs APORK: Which Tiny Market Cap Coin Offers the Better Risk-Reward Setup
June 20, 2025
Blockchain P2P Game Asset ‘Overtake Marketplace’ Open-Beta Service Launch
Stories and Reviews
Blockchain P2P Game Asset ‘Overtake Marketplace’ Open-Beta Service Launch
June 20, 2025
BingX New Dual Investment Offering Sees $1M In User Participation
Stories and Reviews
BingX New Dual Investment Offering Sees $1M In User Participation
June 19, 2025