Krypton Capital to Invest in IOTW Following New Partnership with AnApp

An early-stage venture capital firm, Krypton Capital, has announced its investment in IOTW, a blockchain initiative focused on the Internet of Things (IoT) by AnApp Technologies.

Founded by Ilan Tzorya, Krypton Capital is a seed-stage venture firm specializing in blockchain startups and has expertise in various sectors, including software and media. Since its establishment last year, the firm has invested in and supported a number of successful cryptocurrency ventures, including CoinAdmin and TokenBackers.

As part of the agreement with AnApp, Krypton Capital will acquire a specified amount of IOTW, which is AnApp’s innovative ‘micro-mineable’ IoT cryptocurrency. This cryptocurrency has garnered significant attention in the crypto community due to its groundbreaking Proof-of-Assignment consensus mechanism. The IOTW micro-mining protocol is designed to be energy-efficient, requiring only a small fraction of the computational power compared to traditional Proof-of-Work systems.