Oracle Chronicle Secures $12M Funding Led By Strobe
1min read Oracle Chronicle, a prominent Ethereum oracle, has successfully completed a $12 million funding round. The round was led by strobe, formerly known as Blocktower Venture Capital, with additional participation from Brevan Howard and 6th Man Ventures. This significant investment will be allocated towards product development and research, underscoring the company's commitment to innovation and growth.
Chronicle stands out as the first oracle on the Ethereum blockchain, with a leadership team that includes founder Niklas Kunkel and other founding members of MakerDAO, now known as Sky. This experienced team brings a wealth of knowledge and expertise to Chronicle, positioning the company as a leader in the oracle space.
In addition to its role as an oracle, Chronicle serves as a data infrastructure provider for tokenized assets. This infrastructure includes built-in exposure to decentralized finance (DeFi) and real-world assets (RWA). Chronicle's unique offering includes its own RWA oracle, known as Verified Assets, which further enhances its capabilities in the tokenized asset space.
This funding round is a testament to the growing importance of oracles in the blockchain ecosystem. Oracles play a crucial role in connecting blockchain networks with real-world data, enabling smart contracts to interact with external information. Chronicle's success in securing this funding highlights the confidence that investors have in the company's vision and its potential to drive innovation in the oracle space.
With the funds raised, Chronicle is poised to accelerate its product development and research efforts. This will likely result in the introduction of new features and improvements to its existing offerings, further solidifying its position as a leading oracle provider. The company's focus on data infrastructure for tokenized assets also positions it well to capitalize on the growing trend of tokenization, which is expected to revolutionize various industries by enabling the creation of digital representations of real-world assets.
Overall, Chronicle's successful funding round is a significant development in the blockchain and oracle space. The company's experienced leadership team, innovative offerings, and strategic focus on data infrastructure for tokenized assets position it well for future growth and success. As the demand for oracles continues to rise, Chronicle is well-positioned to play a key role in shaping the future of the blockchain ecosystem.
Ask Aime: What impact will the $12 million funding round for Oracle Chronicle have on the Ethereum oracle sector?
