Krutika Adani
Blocksense Raised $4 million in a seed round from Permutation, a16z, Tykhe Block Ventures, and Public Works.
The investment will go into creating Blocksense’s Oracle network, which could potentially rival Chainlink, which presently dominates crypto markets.
Blocksense needs the funds to generate new assets and accelerate its roadmap for the Oracle project.
Oracles provide data to dApps, smart contracts, and blockchains so that they can interact with the real world. Blockchains cannot communicate with the outside world on their own.
Blocksense is a decentralized public blockchain based on the Zero Knowledge technology. It enables high-scale computations for services like oracles and other applications, generating bulk transactions.