According to TechFlow, on September 10, Blocksense Network, a Zk Rollup-based oracle network, announced the completion of a $4 million seed round of financing. This round of financing was led by Permutation, and a16z's Crypto Startup Accelerator (CSX), Scott Moore, Public Works, Tykhe Block Ventures, Selini Capital and MH Ventures also participated.
Blocksense is an innovative oracle solution that reduces operating costs through tightly packed data blocks, introduces a transparent fee model, and provides fully decentralized, permissionless data feeds. The network allows anyone to become a data provider by staking BlockSense tokens, and the node will automatically perform all reporting tasks.
Blocksense co-founder said that this round of financing will be used to accelerate ecosystem growth and ZK-rollup architecture development, including advanced zk programming and system verification developer tool kits. The company will also use the resources, guidance and network provided by the a16z CSX project in New York to promote development.
