Episode 44｜Force Web3 Weekly Investment and Financing Events August 25 - September 1，2022
Oracle, also known as “oracle”, was a religion practiced in the ancient centuries, and decisions often relied on characters such as priests and state masters to receive the will from the gods through various means of divination. The forms and processes of measurement naturally differed between China and foreign countries, yet the core is the same. Essentially, we can understand this as a reliance on information for decision-making due to the lack of scientific development.
In modern times, in the crypto industry, a very key participant protagonist has been born. This is the Oracle Machine, “also known as the Oracle Machine”, which, by the word Oracle, can also be simply inferred to be a primary or secondary decision making tool.
In fact, the platform functions of the Oracle Machine are not far from this inference. Regardless of the application scenario to which it is applied, everything is the same: aggregation and collection of data or information by connecting internal and external parties. Between the blockchain and external information data, the Oracle machine is the bridge at the heart of this.
In this week’s big investment and funding story, RedStone, a prophecy machine platform specializing in DeFi, raised a $7 million seed round of funding to develop a cross-chain Oracle machine for decentralized financial protocols. It will also continue to launch new products to support DeFi’s booming growth in the future. In itself, the industry also relies heavily on the accuracy and comprehensiveness of data.Without further ado, let’s read the text.
1.Project Name: Stacked
Project Category: Web3 Startup
Project Description: Stacked is a Web3 video and live streaming platform
Financing Round: A Round
Amount of Financing: 12.9 Million
Investors: Pantera Capital
2.Project Name: Proof
Project Category: Web3 startup
Project Description: Proof, the parent company of Moonbirds, will in future launch Proof’s eponymous social platform, where users can showcase their NFT collections.
Financing Round: A round
Amount of Financing: 50 Million
Investors: Led by a16z, and included participation from Seven Seven Six, True Ventures, Collab+Currency, Flamingo DAO, SV Angel and VaynerFund.
3. Project Name: Clockwork
Project Category: Automation Network
Project description: Clockwork is a decentralized network utilizes the Solana validator to facilitate tasks such as automated payments. Clockwork, which was formerly known as Cronos, aims to solve the automation dilemma, in which developers must choose between using decentralized apps (dApps), or apps that are automated.
Financing Round: Seed Round
Amount of Financing: 4 Million
4. Project Name: Tokenproof
Project Category: NFT Security Startup
Project description: Tokenproof, a token-gating platform, is building a way for NFT holders to prove they own their Bored Apes without putting that high-value NFT at risk，and they can Keep JPEGs Safe From Scammers
Financing Round: Seed Funding Round
Amount of Financing: 5 Million
Investors: Penny Jar Capital
5. Project Name: Xterio
Project Category: Blockchain Gaming Platform
Xterio combines a play-to-earn gaming platform and a GameFi-as-a-service product for developers in the partner network, according to the white paper. FunPlus, a global developer of popular mobile strategy games, provides Xterio with its technology stack. Xterio is FunPlus’ exclusive partner to mint, deploy and manage all non-fungible tokens (NFT) for current and future game titles.
Financing Round: Unknown
Amount of Financing: 40million
Investors: FunPlus, FTX Ventures and XPLA
6. Project Name: RedStone
Project Category: DeFi oracle platform
Redstone Oracle aims to offer quick and inexpensive connectivity by leveraging a proprietary method for putting data on blockchains, called the EVM connector. This method is intended to quickly and economically aggregate data from external sources like the foreign exchange market and price feeds for long-tail tokens, non-fungible tokens (NFT) and commodities as the data automatically attaches itself to a transaction and erases itself. Currently, RedStone Oracle passes data packages into transaction call data by accessing over 1,000 data feeds, which are updated every 10 seconds.
Financing Round: Seed Funding Round
Amount of Financing: 7 million
Investors: With support from Coinbase Ventures, Blockchain Capital, Distributed Global, Lattice, Arweave, Bering Waters, Maven11 and SevenX Ventures.
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