Friday,
22 March 2024
KR1 plc
(“KR1” or
the “Company”)
Investment: Tanssi (Moondance Labs)
KR1 plc
(KR1:ASE), a leading digital asset investment company, is pleased
to announce that the Company has invested a total of US$600,000 into Moondance Labs (“Tanssi”). The
investment took place as part of Moondance Labs’ strategic funding
round, with participation from other prominent digital asset
investors such as Scytale Digital and Arrington Capital.
Moondance
Labs is building Tanssi, an infrastructure protocol that equips
developers with a set of tools and services specifically designed
to make appchain deployment swift and effortless. By simplifying
appchain deployment, Tanssi reduces processes that previously took
months to mere minutes. Connecting a chain to Tanssi automatically
transforms it into a modular appchain, granting access to a
permissionless, developer-friendly environment and integrating key
features like block production, wallets, trustworthy data
reliability, oracles, and cross-chain connectivity.
Francisco Javier Agosti, Co-Founder of Tanssi and CEO of
Moondance Labs, commented:
"KR1 has
been among the earliest believers in Tanssi, offering unwavering
support as we turn our vision into reality. With the closing of the
strategic round, the Tanssi appchain protocol is set to skyrocket
in development and attract more brilliant minds to our team. This
year is poised for significant strides for both Tanssi and
Moondance Labs."
George McDonaugh, Managing Director and Co-Founder of KR1,
commented:
“The
entire Moondance Labs team, led by Francisco, has made great
progress over the past year, delivering on Tanssi’s roadmap to
become the go-to tool for appchain developers. We are very excited
to support them on their journey as they expand Tanssi from
Polkadot into many other ecosystems. The project will play a
critical role for appchains by allowing developers to easily
leverage Tanssi’s efficiency and scalability benefits.”
The
Directors of KR1 plc accept responsibility for this
announcement.
--ENDS--
For
further information please contact:
KR1
plc
George
McDonaugh
Keld van
Schreven
|
+44
(0)1624 630 630
|
Peterhouse
Capital Limited (Aquis
Corporate Adviser)
Mark
Anwyl
|
+44 (0)20
7469 0930
|
SEC Newgate
(Financial Communications)
Bob Huxford
Ian Silvera
Atif Nawaz
|
+44(0)20 3757 6882
pr@kr1.io
|
About KR1 plc
KR1 plc is
a leading digital asset investment company supporting early-stage
decentralised and open source blockchain projects. Founded in 2016
and publicly traded in London on
the Aquis Growth Market (KR1:ASE), KR1 has one of the longest and
most successful track records of investment in the digital assets
space by investing in decentralised platforms and protocols that
are emerging to form new financial and internet
infrastructures.
www.KR1.io
Market
Abuse Regulation (MAR) Disclosure
This
announcement contains inside information for the purposes of
Article 7 of the Market Abuse Regulation EU 596/2014 as it forms
part of retained EU law (as defined in the European Union
(Withdrawal) Act 2018).