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Decentralized Oracle Platform Razor Network Closes $3.7M Seed Round Funding
Summary: According to Coindesk, Razor Network, a decentralized Oracle platform, receives $3.7 million in seed round funding from investors such as NGC Ventures, Alameda Research, Spark Digital Capital, Mariano Conti, etc. Hrishikesh Huilgolkar, founder and CEO of Razor Network, says most of today's oracle systems are centralized which are prone to a single point of failure(SPOF). The Razor team ...
According to Coindesk, Razor Network, a decentralized Oracle platform, receives $3.7 million in seed round funding from investors such as NGC Ventures, Alameda Research, Spark Digital Capital, Mariano Conti, etc.
Hrishikesh Huilgolkar, founder and CEO of Razor Network, says most of today's oracle systems are centralized which are prone to a single point of failure(SPOF). The Razor team plans to use the new funds to build a truly decentralized Oracle solution that will have a better trade-off between speed and security. The announcement says the Razor Network platform will be launched in 2021.
By Mary Liu
Tags: Alameda Research,Decentralized,NGC Ventures,Oracle,Razor Network,Spark Digital Capital
Link: Decentralized Oracle Platform Razor Network Closes $3.7M Seed Round Funding [Copy]
