Orochi Network Secures $12 Million to Enhance Verifiable Data Infrastructure
Orochi Network has raised $12 million to develop its Verifiable Data Infrastructure, aimed at improving data integrity and security in blockchain. The funding will help eliminate reliance on traditional oracles.
Key investors include:
- Presto Labs
- Smape Capital
- Anti Capital
- Maxx Capital
- Bolts Capital
- Aza Enterprises
- Connectico
- Kyros Ventures
- Titans Ventures
Support from the tech community includes grants from the Ethereum Foundation, Mina Protocol, Web3 Foundation, and BNB Chain.
Technology Overview
Orochi’s infrastructure eliminates traditional oracles by focusing on:
- Data integrity
- Interoperability
- Scalability
Technologies include ZK-data-rollups, Verifiable Data Pipeline, Hybrid aBFT Consensus, and Merkle DAG structures, ensuring provable data authenticity and enhanced security.
CEO Mary emphasized that the funding will aid growth and partnerships to improve access to reliable data.
Partnerships and Collaborations
Orochi has formed over 80 partnerships with companies like Nexus Labs and Lumia. A recent integration with Plume Network enhances its on-chain data framework with ZKP technology for better security of real-world assets.
Orochi's solutions, Orocle and Orand, will provide reliable data feeds for decentralized applications within Plume.
The partnership with Rivalz Network aims to bridge AI and blockchain, promoting innovation in decentralized ecosystems.
In January, Orochi attracted over 2.25 million users to its Airdrop Arcade on Bybit Web3, highlighting its presence in the Web3 space.