Stork Network secures $4 million to expand its Web3 data feed oracle services
CryptoNewsTerminal Staff22 Aug, 2024
Stork Network secures $4 million to expand its Web3 data feed oracle services
Stork Network, a Web3 data feed oracle, has recently secured $4 million in seed funding to expand its product offerings. The funding round was led by Lightspeed Faction, with participation from CMS and Wintermute. Stork Network provides reliable and tamper-proof data feeds to decentralized applications (dApps) and smart contracts. The platform aggregates data from various sources, ensuring the accuracy and reliability of the information provided to end-users. With the fresh funding, Stork Network aims to expand its product suite and enhance its data offerings. The company plans to develop new features that will cater to the growing needs of the Web3 ecosystem, including support for more data sources and blockchain networks. The successful seed round highlights the growing demand for reliable data feeds in the Web3 space. As dApps and smart contracts become more prevalent, the need for secure and dependable data sources becomes increasingly important. Stork Network is well-positioned to meet this demand with its proven expertise in data feed oracles.
