KGeN Secures $13.5 Million to Expand Verified User Distribution Protocol

KGeN raises $13.5 million in strategic funding to scale its VeriFi Network, aiming to enhance Web3 applications in AI, DeFi, and gaming with a focus on verified user distribution.

CORE

Summary

KGeN has secured a $13.5 million funding round, bringing its total funding to $43.5 million. The company, focused on building the world's largest VeriFi Network, provides solutions for AI, DeFi, and gaming applications. Its core products include Verified User Acquisition, on-chain loyalty systems, and K-Store, which are powered by its POGE identity framework. The protocol currently serves 38.9 million users across 60 countries, generating $48.3 million in annual revenue.

Terms & Concepts
  • VeriFi Network: A verifiable distribution protocol aimed at supporting decentralized applications, particularly in AI, DeFi, and gaming, ensuring verified user interactions.
  • POGE Identity and Reputation Framework: A decentralized identity and reputation system designed to verify and authenticate users across Web3 platforms.
  • K-Store: A decentralized commerce platform developed by KGeN, integrated with verified user acquisition and on-chain loyalty systems.