KR1

Established in 2022 and headquartered in Dubai, United Arab Emirates, Code & State is a venture studio focused on building and scaling stablecoin ventures.

Mode Network is a DeFi blockchain platform that builds new on-chain economic systems to enable developers to scale their applications.

Tanssi is an app chain infrastructure protocol that simplifies app chain deployment, making it secure, efficient, and easy while eliminating the lengthy and complex process of traditional blockchain implementation.

Established in 2022, Interop is a Paris-based venture capital firm focusing on early-stage investments within the blockchain sector.

Side Protocol is a distributed mesh liquidity solution that makes use of cutting-edge inter-blockchain asset trading application protocols. Side Protocol, in contrast to liquidity hubs, intends to decentralize liquidity between various blockchain networks while maintaining interconnection.

Superchain Network focuses on advancing the transition from centralized "Web2" systems to decentralized "Web3" architectures. It aims to establish a decentralized data protocol that prioritizes user needs over technological limitations. The company provides a data storage platform with streaming capabilities that can be tailored through an intuitive interface known as toolboxes. This setup allows developers to create applications more efficiently by fostering a direct and personal connection to data, eliminating the need for centralized intermediaries.

Subspace Labs is a distributed research and development company behind the Subspace Network. While based in Palo Alto, CA, we are a global, remote-first team of protocol hackers and cryptocurrency enthusiasts. The Subspace Network is a layer zero protocol that is fully interoperable with any layer one, allowing it to serve as an infrastructure layer for the entire Web3 ecosystem. Based on years of original R&D, Subspace is the first protocol to truly resolve the blockchain trilemma, providing an open, scalable platform for both storage and compute. Subspace currently supports Polkadot and Kusama, with more networks coming soon.

Interlay develops a decentralized finance platform enabling trustless exchange of wrapped Bitcoin across various blockchains, notably Polkadot. This facilitates cross-chain interactions and usage of digital assets securely.

Superchain Network focuses on advancing the transition from centralized "Web2" systems to decentralized "Web3" architectures. It aims to establish a decentralized data protocol that prioritizes user needs over technological limitations. The company provides a data storage platform with streaming capabilities that can be tailored through an intuitive interface known as toolboxes. This setup allows developers to create applications more efficiently by fostering a direct and personal connection to data, eliminating the need for centralized intermediaries.

RedStone is a next-generation cross-chain data oracle that specializes in providing pricing data for financial protocols. The company develops modular oracles that deliver data feeds compatible with both layer 1 and layer 2 blockchains, including rollups-as-a-service (RaaS) solutions. RedStone's offerings include liquid staking tokens and liquid restaking tokens, as well as an online decentralized finance platform designed to utilize blockchain's permanent storage capabilities. This platform supports cross-chain data services while ensuring an audit trail, which enhances transparency and reliability. Additionally, RedStone enables decentralized finance providers to implement automatic dispute mechanisms, bolstered by insurance through staking, thereby facilitating more secure and efficient transactions.

Interlay develops a decentralized finance platform enabling trustless exchange of wrapped Bitcoin across various blockchains, notably Polkadot. This facilitates cross-chain interactions and usage of digital assets securely.

Divergence Protocol is a decentralized platform for composable crypto options and volatility derivatives.

zCloak Network is a privacy-focused infrastructure provider that specializes in decentralized identity (DID) and verifiable computation. The company seeks to empower users by decentralizing the storage and computation of personal data, ensuring that this information resides on user devices rather than centralized servers. Utilizing a STARK-based zero-knowledge virtual machine (ZK-VM) integrated into a browser extension, zCloak Network ensures the integrity of user computations. Its World Wide Web Consortium (W3C)-compatible DID system reflects real-world legal status and reputation within decentralized social frameworks. This allows individuals to leverage their real-world data for applications in decentralized finance, identity verification, and biometric solutions without compromising their privacy. Furthermore, zCloak Network is chain-agnostic, offering its identity and zero-knowledge proof services across multiple public blockchains.

Equilibrium operates as a software service that focuses on decentralized finance by providing a platform for interoperability with various blockchains. Its system features a consensus-based governance model and encompasses a cross-chain money market, which integrates pooled lending with synthetic asset generation and trading. This functionality aims to eliminate market segmentation, allowing users to access and utilize multiple decentralized finance services through a single interface. The platform utilizes various tokens, including the EQ token, EOSDT, and the Native Utility Token, which are not classified as securities or regulated instruments.

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications.

PureStake is a blockchain infrastructure company that builds and operates infrastructure, APIs, and tooling for public blockchain networks. It supports networks such as Algorand, offering services and products including the AlgoSigner wallet extension, API-as-a-service, goalseeker block explorer, and infrastructure and consulting services for private and co-chain deployments; and Polkadot, including validators and Moonbeam smart contract support, with consulting services. The company provides a cloud-based platform that offloads infrastructure management and focuses on application development, featuring automated provisioning, globally distributed nodes, and robust security to enable staking and validator activities. Founded in 2019 and based in Burlington, Massachusetts.

Automata Network is a decentralized protocol that offers middleware-like privacy services for decentralized applications across various platforms, including Ethereum, Polkadot, and Binance Smart Chain. Its focus is on delivering traceless privacy, which enhances user trust in computing systems by ensuring the authenticity of operations on-chain. By facilitating high assurance and frictionless computation, Automata Network aims to empower clients to maintain privacy while engaging in decentralized activities.

Celestia is a provider of modular blockchain networks based in Vaduz, Liechtenstein. Founded in 2019, the company specializes in deploying decentralized blockchains without the need for extensive initial setup. Celestia's platform serves as a scalable data availability layer for decentralized applications and sidechains with minimal trust requirements. This allows developers to efficiently store and manage blockchain data collectively, optimizing performance for various applications.

TIDAL is a United States-based company that operates an innovative insurance platform tailored for the decentralized finance (DeFi) sector. The platform allows users to create custom insurance pools for various assets, facilitating a flexible marketplace for risk hedging contracts. TIDAL's model enables users to adjust their premiums weekly in response to changes in total value locked (TVL) and shifting investment strategies. This structure empowers users to contribute funds that protect a range of DeFi applications against potential contract failures or breaches, enhancing the security and reliability of decentralized financial transactions.

PureStake is a blockchain infrastructure company that builds and operates infrastructure, APIs, and tooling for public blockchain networks. It supports networks such as Algorand, offering services and products including the AlgoSigner wallet extension, API-as-a-service, goalseeker block explorer, and infrastructure and consulting services for private and co-chain deployments; and Polkadot, including validators and Moonbeam smart contract support, with consulting services. The company provides a cloud-based platform that offloads infrastructure management and focuses on application development, featuring automated provisioning, globally distributed nodes, and robust security to enable staking and validator activities. Founded in 2019 and based in Burlington, Massachusetts.

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications.

Acala Network is a blockchain-based platform focused on decentralized finance and stablecoin solutions. Based in the United States, it facilitates cross-blockchain transactions, allowing users to send and receive USD across various blockchains connected to the Polkadot network. The platform offers a range of financial tools, including a multi-collateralized stablecoin backed by diverse cross-chain assets, a trustless staking derivative, and a decentralized exchange. These features are designed to enhance liquidity and support the development of innovative financial applications, making transactions more convenient and secure for users.

Acala Network is a blockchain-based platform focused on decentralized finance and stablecoin solutions. Based in the United States, it facilitates cross-blockchain transactions, allowing users to send and receive USD across various blockchains connected to the Polkadot network. The platform offers a range of financial tools, including a multi-collateralized stablecoin backed by diverse cross-chain assets, a trustless staking derivative, and a decentralized exchange. These features are designed to enhance liquidity and support the development of innovative financial applications, making transactions more convenient and secure for users.

Vega is a technology protocol and crypto-asset for an open, blockchain-backed public network for fully automated end-to-end financial product trading and execution. Fully automated processes and incentives for trading margined financial products allow for markets that are open and decentralized, with pseudonymous participants. The platform of the company provides open and fair markets in which fees are shared by market makers, not owners, and governance decisions are made by the community, allowing financial institutions to open access, reduce costs, and enable a new wave of financial market innovation.

FOAM is a company focused on developing spatial protocols that aim to enhance location services through a decentralized approach. The FOAM protocol is designed to provide a crowdsourced map and fault-tolerant location verification system, utilizing an open network of terrestrial radios that can be operated by anyone. This innovative framework allows clients to centralize maps and location services while eliminating reliance on a single point of failure. FOAM operates from the New Lab at the Brooklyn Navy Yard, collaborating with a diverse team of blockchain developers, designers, architects, and urban planners to explore the geospatial implications on global infrastructures.

Etherisc is a technology company focused on developing decentralized insurance applications. Its core business involves creating platforms that streamline insurance purchasing and selling processes, reducing operational costs, enhancing transparency, and democratizing access to reinsurance investments. This enables Etherisc to offer more affordable insurance solutions compared to traditional methods.

Althea L1 is a networking platform that enables communities to establish their own internet service providers (ISPs) through decentralized mesh networks. By providing custom firmware for internet routers, Althea facilitates the creation of local networks where users can negotiate internet bandwidth directly, thus reducing inefficiencies and eliminating intermediaries in broadband access. The platform primarily functions in wireless networks, utilizing small antennas installed on rooftops to distribute internet signals, allowing owners to earn revenue from their contributions. Althea's model invites individuals to join existing networks or invest in equipment to enhance network capacity, fostering community-driven internet access that is both faster and more affordable.

DFINITY develops and operates a decentralized computing platform, Internet Computer, which hosts tamperproof software systems and services. It offers DFINITY Canister SDK for software development, ICP protocol for secure cloud functionality, and algorithmic governance via blockchain-based nervous system. Founded in Switzerland in 2014.

SatoshiPay Ltd., founded in 2014 and based in London, develops a micropayments platform designed for content publishers and cross-border money transfers. The company's blockchain-based instant payments platform allows content providers to monetize digital goods such as articles, images, or videos through bitcoin payments. Key features include 1-click content paywall, ad block paywall, donations, WordPress plugin, and API integration. SatoshiPay also offers solutions for B2B cross-border money transfers with enterprise-grade encryption and multi-signature authorization to ensure secure transactions. The company is backed by notable investors including Axel Springer and the Stellar Development Foundation.

Blocksmith Ltd is a blockchain development agency established in 2018 and based in London, United Kingdom. The company focuses on demystifying blockchain technology for businesses, helping startups and established corporations understand its advantages and develop tailored strategies. Blocksmith leverages its experience in product development to assist clients in solving real-world problems through innovative, blockchain-enabled solutions. The agency aims to democratize access to blockchain technology, ensuring that it is used effectively to create products that are accessible to all. Through its services, Blocksmith empowers clients to navigate the complexities of blockchain, facilitating the launch of impactful applications.

Agrello is an Estonian high-tech company established in 2017 that specializes in creating secure, blockchain-based solutions for digital identities and electronic signatures. The company focuses on building networks of trust that facilitate secure customer onboarding, transactions, and contract management. By combining strong digital identity verification and authentication methods, Agrello aims to enhance transparency and trust in the digital economy. Its innovative platform simplifies legal processes, enabling users to manage agreements and contracts efficiently while fostering secure interactions, even between individuals who have never met in person. Agrello's products are accessible through app stores, making them widely available to users seeking reliable digital solutions.

iXLedger, established in London in 2017 as the technology development arm of iX Technology Group, focuses on innovating the insurance industry through the application of blockchain technology. The company addresses significant challenges faced by the sector, including inefficiencies caused by multiple intermediaries and manual processes. By offering a platform that enhances trust, efficiency, and transparency, iXLedger aims to improve customer service and streamline business models. Its solutions facilitate faster transactions and reduced risks by enabling effective collaboration and data sharing among insurance professionals throughout the insurance life cycle. This approach not only helps insurers and intermediaries manage operational costs but also ensures that customers receive appropriate coverage at fair prices with reliable service.

Nexus Mutual Limited is a London-based company that operates a decentralized insurance platform utilizing blockchain technology, specifically the Ethereum public blockchain. Founded in 2017, it offers a novel alternative to traditional insurance by enabling users to become members and collectively share insurance risks without the involvement of conventional insurance companies. Members can purchase coverage, and their decisions are governed by smart contracts, which ensure transparency and enforceability. Initially, Nexus Mutual launched with a product focusing on earthquake coverage, allowing participants to manage and mitigate risks collaboratively. The platform aims to recreate traditional mutual insurance models on a broader scale, providing an innovative approach to risk management in the insurance industry.

Herdius intends to build a new infrastructure layer on top of all blockchains. Through their vertically scalable chain and distributed virtual wallet network, Herdius aims to tackle identity & interoperability as well as create a crypto asset agnostic decentralized exchange.

Bancor, based in Zug, Switzerland, specializes in the creation and management of cryptocurrencies, known as Smart Tokens™. These tokens are designed with built-in convertibility, allowing users to buy and sell them directly through their wallets using a simple, low-cost process. Bancor's innovative token "Connector" method facilitates continuous liquidity and automatic price discovery for these tokens, eliminating the need for traditional cryptocurrency exchanges. The company's platform enables the creation of user-generated cryptocurrencies, fostering a network of interconnected tokens with standardized liquidity solutions.

Bluzelle is a developer of a blockchain database aimed at addressing data storage and management challenges for decentralized applications. The company provides a comprehensive stack of blockchain applications, middleware, and data services tailored to meet the needs of a diverse clientele, from small and medium enterprises to global corporations. Its database solution features multi-region coverage and enhanced network security, ensuring scalability while minimizing environmental impact. Bluzelle's offerings enable developers to maintain up-to-date data that is both secure from hacking attempts and resistant to censorship, making it a valuable resource for businesses seeking innovative data management solutions.

Connext, Inc. is a software development company based in San Francisco, California, founded in 2017 by Arjun Bhuptani, Layne Haber, and Rahul Sethuram. The company specializes in creating an interoperability protocol that facilitates fast and fully-trustless communication between different blockchains. Its innovative technology aims to foster the formation of an interconnected network of blockchains, commonly referred to as the internet of blockchains. Additionally, Connext provides users with tools to purchase and manage blockchain applications, offering features such as direct card purchases for token acquisition, access to current vaults, decentralized compliance, and walletless signature capabilities.

FunFair Technologies develops an online gaming platform built on blockchain that enables the creation of decentralized casino games. The platform allows users to run low-cost blockchain casinos and issue rewards through tokens and digital currencies. The company focuses on research and development in blockchain technology and scaling solutions to improve performance and accessibility for decentralized gaming.

Melonport is the private company building the open-source Melon Protocol. The Melon protocol is a blockchain protocol for digital asset management built on the Ethereum platform. It enables participants to set up, manage and invest in digital asset management strategies in an open, competitive and decentralised manner. Read the Melon Protocol Green Paper for a full detailed description of how it will empower its users and evolve digital asset management.

Mysterium Network operates an open-source marketplace for VPN services. It enables users worldwide to securely access the internet by connecting them as providers or customers within its decentralized, sustainable ecosystem.

Augur is a decentralized prediction market platform built on the Ethereum blockchain. It enables peer-to-peer forecasting without intermediaries.

The Ethereum Foundation, through its subsidiary Ethereum Switzerland GmbH, operates a decentralized platform that enables developers to create and publish distributed applications. Founded in 2014 and based in Baar, Switzerland, the foundation provides essential tools and services, including the Ethereum Wallet, which allows users to securely hold ether and other crypto-assets, as well as interact with smart contracts. The platform supports a variety of applications, such as crowdfunding, decentralized autonomous organizations, and the creation of new cryptocurrencies. By leveraging the principles of decentralized consensus, Ethereum facilitates the trading and management of diverse assets, including voting systems, financial exchanges, and intellectual property. The Ethereum Foundation is dedicated to promoting and supporting the development of the Ethereum ecosystem, ensuring its resilience and adaptability in a rapidly evolving digital landscape.