Web3 protocol KGen has collected millions in a recent financing round, aimed at supporting and expanding the activities.
Summary
- KGEN insured $ 13.5 million in a new strategic round led by Jump Crypto, Accel and Prosus Ventures, which brings the total financing to $ 43.5 million.
- The funds support the expansion of its verified distribution protocol, infrastructure stack and loyalty framework in more than 60+ countries.
- The protocol verifies real users and turns reputation into a portable, on-chain asset about AI, Defi and gaming ecosystems.
According to a statement shared with crypto.news, KnowA protocol aimed at verified user distribution for Web3 applications has collected $ 13.5 million in a strategic financing round.
Investors in De Ronde include Jump Crypto, Accel and Prosus Ventures, so that the total financing by the company is collected to $ 43.5 million, after a $ 20 million seed round in January 2023 and an ecosystem round of $ 10 million in November 2024.
The project said that the funds will be used to expand its identity and reputation framework, known as Poge, that supports user acquisition, trade and loyalty programs in the chain.
KGEN is active in more than 60 countries with 38.9 million verified users, generates $ 48.3 million in income from an annual basis and serves around 780,000 daily active users.
Jump Crypto Cio Saurabh Sharma said that the KGEN model introduces more accountability in digital distribution, while Accel and Prosus Ventures noticed the power of the project to deliver scale and measurable interactions.
What is KGEN?
The core of the protocol is POGE, a privacy retention that identity and reputation framework. PoG collects engagement data to support user -to -use user and help developers to keep participation in Defi projects, games and other Web3 applications.
KGEN positions this approach as an alternative to advertisements in web2 style and the acquisition of users, which often depends on anonymous or low quality data. The protocol is also active on the aptos -blockchain, where it has More than 18 million users and high transaction volumes.
With the new financing it is intended to expand its infrastructure and to support more projects aimed at verified and stimulated user growth.
