KR1 participates in LazyLedger funding round


KR1 PLC (LON:KR1), the digital asset investment company, has invested US$75,000 into Strange Loop Labs AG, which trades as LazyLedger Labs.

KR1 took part in LazyLedger’s seed funding round alongside Cosmos’s Interchain Foundation, Binance, Dokia Capital, Maven 11 and other respected investors, KR1 told investors.

LazyLedger is described as a distributed data availability ledger where the blockchain is optimised for solely ordering and guaranteeing the availability of transaction data.

KR1 said the founding team of LazyLedger are highly respected decentralised systems engineers and researchers, who were part of the founding team of Chainspace, a blockchain project acquired by Facebook, as well as contributors to Ethereum 2.0 and Cosmos’s Tendermint.

“LazyLedger is a great project and an opportunity to bring better data availability to blockchains, which reduces bloat and increases performance. We believe that LazyLedger is going to play a big role in the next generation of scalable blockchain architectures,” said Keld van Schreven, the managing director and co-founder of KR1.


Please enter your comment!
Please enter your name here