Woofun AI reports that KOR Protocol has closed a $7.5 million Series A financing round, establishing a post-money valuation of $100 million. The investment was led by 1kx and Blockchain Capital, with participation from Republic Crypto, Animoca Brands, Alumni Ventures, Avalanche, SevenX Ventures, Sfermion, SOL, and Camp Network.

The capital will fund platform development, ecosystem growth, and partner integration, alongside plans to issue a native token. Built on Coinbase Layer 2, KOR Protocol provides infrastructure for verifying and settling creative assets like music and movies, enabling programmable revenue sharing via stablecoins such as USDC.