Kroma Secures Another Major Strategic Investment From JB Investment

SINGAPORE, [November 4, 2024] Following a recent series of strategic investments, Kroma is proud to announce an exciting new development: JB Investment has joined as a strategic investor. This partnership marks another significant milestone in Kroma’s journey, further solidifying its position as a leading innovator in the Web3 ecosystem.

JB Investment, the venture capital arm of JB Financial Group, has built a reputation for its strategic investments across a diverse range of industries.

With a strong portfolio spanning industries such as Wavebridge(Digital Asset B2B solution), Carrieverse(Web3 Metaverse game), Mass-Adoption(Blockchain based brand membership solution ‘Vircle’), JB Investment’s decision to back Kroma reflects their belief in Kroma’s potential to lead the next wave of innovation within the Web3 ecosystem.

This latest investment from JB Investment builds on Kroma’s recent funding momentum, creating new opportunities for Kroma to accelerate its technological development and ecosystem growth.

Kroma plans to explore blockchain-based financial products  including RWA(Real World Asset) and DeFi through business and development collaborations with partners at JB Investment while expanding its influence in NFT-based retail services.

Kroma, built on the Superchain, is advancing the OP Stack, improving the security and efficiency of blockchain transactions. By integrating Native Account Abstraction, Kroma reduces gas fees and simplifies the user experience for both developers and end-users.

Kroma is also the first OP Stack rollup featuring a ZK fault-proof system powered by the Tachyon library, which accelerates ZK proof generation while reducing costs, offering unmatched scalability without compromising security.

"We are thrilled to welcome another esteemed partner, JB Investment, to join us as a strategic investor," said Taekyu Park, Founder of Kroma.

"Their involvement is yet another testament to the growing recognition of Kroma’s technological prowess in the market. This partnership will drive Kroma’s growth and help solidify our leadership in the Layer 2 blockchain space."

With JB Investment’s backing, as well as continued support from partners like SK Planet, Xangle, and Hexlant, Kroma is well-positioned to expand its influence across gaming, DeFi, and NFT sectors, driving the future of secure and scalable decentralized applications.

About Kroma:

As Asia’s leading Layer 2 solution built on the Superchain, Kroma is the first OP Stack rollup with an active fault proof system utilizing zkEVM.

Kroma will transition to a universal ZK Rollup once the generation of ZK proofs becomes more cost-efficient and faster — using its original modular ZK backend library,Tachyon.

Kroma plans to push for gamified web3 experience backed by its strengths in gaming, consumer applications, Asia market, and technical capabilities for true universal web3 adoption.