KR1 plc Investment: Code & State

 
TIDMKR1 
 
11 May 2023 
 
                                    KR1 PLC 
 
                           ("KR1" or the "Company") 
 
                           Investment: Code & State 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to 
announce that the Company has invested a total of US$500,000 into Code and 
State (Cayman) Ltd. ("Code & State") through a 'Simple Agreement for Future 
Equity' ("SAFE"). 
 
Code & State is a Web3 venture studio empowering the next generation of 
entrepreneurs to build and earn on the Internet Computer (formerly Dfinity). 
The Internet Computer is a blockchain that enables secure, autonomous, and 
tamper-proof canisters, which represent an evolution of smart contracts. Code & 
State incubates and helps fund the building of new tools, systems and 
frameworks on the Internet Computer. 
 
Keld van Schreven, Managing Director and Co-Founder of KR1, commented: 
 
"We have been very impressed with Cédric Waldburger and Artia Moghbel, the 
co-founders of Code & State and are keen to help support them on their mission 
to kickstart the Internet Computer's developer ecosystem." 
 
The Directors of KR1 plc accept responsibility for this announcement. 
 
                                   --ENDS-- 
 
For further information please contact: 
 
KR1 PLC                                                 +44 (0)1624 630 630 
George McDonaugh 
Keld van Schreven 
 
Peterhouse Capital Limited (AQSE Corporate              +44 (0)20 7469 0930 
Adviser) 
Mark Anwyl 
 
FTI Consulting LLP (PR Adviser)                         +44 (0)7711 387 085 
Laura Ewart                                           KR1@fticonsulting.com 
Lynn Begany 
 
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 AQSE Growth Market (KR1:AQSE), 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). 
 
 
 
END

(END) Dow Jones Newswires

May 11, 2023 02:01 ET (06:01 GMT)

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