Investment: Mode Network
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KR1 plc (KR1:ASE), a leading digital asset investment company, is pleased to announce that the Company has invested a total of US$550,000 into Mode Labs Pte. Ltd. (“Mode”) across Mode’s seed and strategic funding rounds.
Mode Network is a modular layer 2 blockchain, with the goal to empower developers and users to grow an ecosystem of world-class applications. Mode builds new on-chain economic systems to enable developers to scale their applications and allows community members to be directly rewarded for their contributions.
The Directors of KR1 plc accept responsibility for this announcement.
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