Our latest investment, Kleros - Fast, open and affordable justice for all.
We recently had the chance to meet and finally invest in the Kleros team. If you never heard of them until now, you will in the coming months. The novelty of the idea and the ability of the team to execute made this opportunity to stand out.
Kleros is solving the scalability problem of dispute resolution by utilizing smart contract technology. Everyone can become a juror in a dispute, help resolve it and get paid to do so. For example, domain experts can put their expertise at work, help solve disputes and get rewarded doing so.
PNK is the native token of Kleros, providing incentives to jurors and also protecting the system from attacks.
Kleros is currently used in DeFi applications but also in non-blockchain platforms (like PayPal) in order to help solve the disputes.
There is also a legal firm that works exclusively on Kleros, working on cases posted on the platform. You can check them out here: https://heliast.io/
We see a huge opportunity in the space and the Kleros team has executed at a speed and quality that is unparalleled.
We are excited to be investors and happy to see these kind of products getting the traction they deserve.