Blocksense Secures $4 Million in Seed Funding Led by Permutation

According to Odaily, Blocksense has successfully raised $4 million in a seed funding round led by Permutation. The round also saw participation from a16z's Crypto Startup Accelerator (CSX), Scott Moore, Public Works, Tykhe Block Ventures, Selini Capital, and MH Ventures. Blocksense is developing an oracle solution based on Zk Rollup technology, which aims to reduce high costs by tightly packaging data blocks, introduce a transparent fee model, and provide fully decentralized, permissionless data feeds. The solution is designed to revolutionize oracle networks by allowing anyone to become a data provider on the network through staking BlockSense tokens. Nodes will automatically execute all reporting tasks by obtaining the appropriate oracle scripts and broadcasting their results to the BlockSense network.