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Author: Admin | 2025-04-28
Organizations like the Ethereum Foundation, Mina Protocol, Web3 Foundation, and BNB Chain. The participation of major investors and blockchain foundations in this funding round signals strong confidence in Orochi Network’s vision and technology. Presto Labs, Smape Capital, and Anti Capital are known for backing disruptive innovations in the Web3 space, and their support suggests that Orochi’s approach to data verification can have significant industry potential. Orochi Network seeks to address critical issues related to data integrity and trust. The company aims to eliminate the reliance on centralized oracles by developing a unified ecosystem that ensures secure, verifiable, and decentralized data for blockchain applications. Orochi Network has successfully raised $12M in funding. This investment powers Orochi Network to build Verifiable Data Infrastructure pic.twitter.com/3xfESYItbY — Orochi Network (@OrochiNetwork) February 27, 2025 Problems with the traditional Oracles Oracles play a crucial role in blockchain networks by supplying external data to smart contracts. However, traditional oracles often pose reliability issues, with potential vulnerabilities that can lead to data manipulation and security breaches. Orochi Network aims to solve these challenges by implementing a fully verifiable data system that ensures data integrity across decentralized applications (dApps). With this new funding, Orochi Network plans to enhance its technological stack, expand its partnerships, and scale its research and development efforts. The company has already established over 80 collaborations with key industry players, including Nexus Labs, Mina Protocol, Lumia, Aligned Layer, 0G Foundation, and Base. Orochi Network has also been making waves within the Web3 community. In January 2025, the platform launched an Airdrop Arcade on Bybit Web3, attracting over 2.25 million participants. This significant level of engagement demonstrates the growing interest in the network’s capabilities and potential impact on the decentralized data landscape. “We are committed to building a next-generation data verification system that not only ensures security
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