KGEN

If we look at KGeN in a more realistic coordinate system, it resembles a company that has already survived the cold start phase, rather than a newly launched token waiting for narrative relay. The most counterintuitive aspect of this project is not how complex the technology is, but that it generated revenue first and then allowed the token to catch up.
Everything starts from a piece of data that doesn't resemble Web3 much: ARR
KGeN has currently disclosed an annual recurring revenue of over 80 million USD. This number is not considered mythical among traditional startups, but in the context of Web3, it is already rare enough. More importantly, this is not achieved through one-off collaborations or subsidies, but is contributed by paying customers over time.