KOR Protocol sets up foundation, teases KOR token details
- —The foundation will fund developers building on KOR and represent network participants in governance
- —Tokenomics details are still to come; the KOR token has not launched yet
- —The project raised $7.5 million in a July Series A led by 1kx and Blockchain Capital
- —The platform records provenance and ownership of creative works and pays royalties to rights holders
Why it matters: The tokenomics disclosure will set how KOR is split between investors and the community, though no details are available yet.
Source: TokenPost