KOR Protocol secures $7.5M from 1kx and Blockchain Capital to build AI-era IP infrastructure
The post KOR Protocol secures $7.5M from 1kx and Blockchain Capital to build AI-era IP infrastructure appeared on BitcoinEthereumNews.com. Crypto capital is renewing its commitment to the complex relationship between AI and intellectual property. KOR Protocol has announced that it acquired $7.5 million in Series A financing led by 1kx and Blockchain Capital with a valuation of $100 million. It is working on creating an on-chain platform that will be used for registering creative works and transferring the payments to the rightful owners. This financing comes at a time when AI can create new content at a speed that the industry is unable to keep track who made it or who gets paid. This is what KOR Protocol is using to attract investors to their venture, and at the same time, form a crypto capital around the problem that has not yet been solved by the entire industry dealing with AI. According to the team behind the startup, KOR Protocol will be acting as a “creative asset clearinghouse”