(“KR1” or the “Company”)
Subspace Network is a new eco-friendly, scalable layer-one blockchain that enables massively scalable on-chain storage and computing, without compromising security or decentralisation, and solves the blockchain “bloat” problem at the core, through a novel combination of consensus, storage, and computing. Subspace lets developers run Web3 apps at Internet scale, providing a simple interface for quickly deploying multi-chain decentralised apps that auto-scale with demand. It seamlessly integrates with existing blockchains, layer two protocols, and decentralized applications, allowing it to serve as a foundational infrastructure layer for the entire Web3 ecosystem. Subspace intends to empower builders to unlock the next wave of crypto adoption by supporting NFTs, GameFi, and the Metaverse at Internet scale.
“Subspace is a big vision and quite a radical approach relative to current blockchain architectures and designs. They had a successful seed round with world class investors and this fundraise allows them to drastically scale up their team. Historically, we have liked to invest in and support radical technologies with strong founding teams, especially in the infrastructure vertical, and Subspace fits this disruptive thesis perfectly. ”
The Directors of
For further information please contact:
KR1 PLC+44 (0)1624 630 630 George McDonaugh Keld van Schreven Peterhouse Capital Limited(AQSE Corporate Adviser) +44 (0)20 7469 0930 Mark Anwyl FTI Consulting LLP(PR Adviser) +44 (0)7711 387 085 Ed BerryKR1@fticonsulting.com Laura Ewart