ZK Rollup-Based Oracle Bloxenses Raises $4M Seed Round
CryptoNewsTerminal Staff09 Sep, 2024
ZK Rollup-Based Oracle Bloxenses Raises $4M Seed Round
Bloxenses Network, a ZK Rollup-based oracle network, recently secured $4 million in a seed funding round led by Permutation. The round also saw participation from notable investors such as a16z crypto, CSX, public.work, Selini Capital, and MH Ventures. The funding will primarily be utilized to advance Bloxenses' ZK Rollup architecture, which promises enhanced scalability, security, and cost-effectiveness for decentralized applications. By leveraging ZK Rollups, Bloxenses aims to provide reliable and verifiable data to smart contracts on various blockchains. This investment marks a significant milestone for Bloxenses, allowing it to accelerate its development and expand its team. The company's innovative approach to oracle solutions has garnered much attention within the blockchain industry, and this funding will further propel its growth.
