Web3 Data Feed Oracle Stork Secures $4 Million Seed Funding

IconCryptoNewsTerminal Staff22 Aug, 2024

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Web3 Data Feed Oracle Stork Secures $4 Million Seed Funding

Web3 Data Feed Oracle Stork Raises $4 Million in Seed Funding Web3 data feed oracle Stork Network has secured $4 million in a seed funding round led by Lightspeed Faction. CMS and Wintermute also participated in the round. The funding will be used to expand the company's product offerings. Stork Network provides reliable and tamper-proof data feeds to decentralized applications (dApps) and smart contracts. The company's oracle solution uses a network of independent data providers to ensure the accuracy and integrity of the data. The funding will allow Stork Network to expand its product offerings and team. The company is also planning to launch a new product that will provide real-time data feeds to dApps and smart contracts. "We are excited to have the support of such a strong group of investors," said Stork Network CEO Matt Luongo. "This funding will allow us to accelerate our growth and continue to provide the most reliable and tamper-proof data feeds to the Web3 ecosystem."

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