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Blocksense completed a $4 million seed round of financing, led by Permutation, with participation from a16z's CSX, etc.
BlockBeats news, on September 10th, according to official sources, Blocksense has completed a $4 million seed round of financing. The round was led by Permutation, with participation from a16z’s Crypto Startup Accelerator (CSX), Scott Moore, Public Works, Tykhe Block Ventures, Selini Capital, and MH Ventures. It is reported that Blocksense is an Oracle Machine solution based on Zk Rollup. This solution reduces the high cost of tightly packed data blocks and introduces a transparent fee model, providing fully decentralized, permissionless data feeds, aiming to completely change the Oracle Machine network. Anyone can become a data provider on the network by staking BlockSense Tokens. Nodes will automatically execute all reporting tasks by acquiring the appropriate Oracle Machine scripts and broadcasting their results to the BlockSense network.