The on-chain infrastructure project for the entertainment and creative industries, KOR Protocol, has completed a $7.5 million Series A funding round at a valuation of $100 million, with participants including crypto investment firms 1kx and Blockchain Capital, among others. KOR Protocol is building an on-chain creative asset clearing platform for registering, verifying, and settling creative works such as music and film, and for programmable revenue distribution to creators and rights holders via stablecoins like USDC. KOR stated that the funds will be used for platform development, ecosystem growth, and partner integrations, and it plans to launch a token. (The Block)

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