Decentralized Oracle Platform Razor Network Raises $3.7 million from Alameda Research and Others

By Abhimanyu Krishnan | News | 5 Nov 2020

Decentralized oracle platform Razor Network has raised $3.7 million in a seed funding round, according to an announcement made on Nov. 4.

  • Investors include NGC Ventures, Alameda Research, Spark Digital Capital and private investors including Mariano Conti, former head of oracles at MakerDAO
  • The market’s most popular oracle provider is Chainlink (LINK), but the Razor team has said it is attempting to distinguish itself with a dispute-resolution mechanism for protection against attacks, citing Chainlink's exploit that occurred in late August 2020
  • Razor Network’s team members include Hrishikesh Huilgolkar, who previously worked at ConsenSys
  • The oracle network is expected to launch sometime in 2021

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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