According to official news, Blocksense has completed a $4 million seed round of financing, 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 understood that Blocksense is a Zk Rollup-based oracle solution that reduces high costs through tightly packaged data blocks, introduces a transparent charging model, and provides a fully decentralized, permissionless data feed, aiming to revolutionize the oracle network. Anyone can become a data provider on the network by staking BlockSense tokens, and the node will automatically perform all reporting tasks by obtaining the appropriate oracle script and broadcasting its results to the BlockSense network.