KGeN surpasses US$30 million in funding within one year of launch

The Web3-based verified distribution protocol 'KGeN' announced on the 10th that it has raised more than US$30 million (about KRW 41.6 billion) since its launch last year.

KGeN's goal is to "grant verified reputations to more than one billion users." Through this, it aims to build a digital ecosystem where individuals can truly own their data and identity. Although blockchain is a technology that can solve the long-standing problems of distribution structures, it said that many current Web3 projects are filled with bots, fake wallets, and inflated metrics, and that billions of dollars in rewards are leaking to places that are not real users, threatening the sustainability of projects.

To address this problem, KGeN developed a verified distribution protocol called 'VeriFi.' The core of VeriFi is KGeN's independently built identity and reputation framework 'POGE.' POGE is evolving based on more than 781 million attributes, enabling intelligent segmentation of user cohorts and connections with verified users.

A KGeN representative said, "Through this structure, applications can receive efficient distribution, meaningful customer acquisition, and support for large-scale artificial intelligence (AI) training," adding, "Through VeriFi and POGE, we will rewrite the method of digital distribution beyond a simple Web3 protocol."