Orochi Network Raises $12M to Revolutionize Web3 Data Infrastructure

Orochi Network, a rising star in the Web3 ecosystem, has secured $12 million in funding to develop the world's first verifiable data infrastructure. The funding round attracted prominent investors such as Presto Labs, Smape Capital, and Anti Capital, as well as grants from leading blockchain organizations like the Ethereum Foundation, Mina Protocol, Web3 Foundation, and BNB Chain.

The significant investment signals strong confidence in Orochi Network's vision and technology. Presto Labs, Smape Capital, and Anti Capital are known for backing disruptive innovations in the Web3 space, and their support suggests that Orochi's approach to data verification has significant industry potential.

Orochi Network aims to disrupt the existing oracle market by introducing a decentralized, verifiable data infrastructure that enhances blockchain security and transparency. Oracles play a crucial role in blockchain networks by supplying external data to smart contracts, but traditional oracles often pose reliability issues, with potential vulnerabilities that can lead to data manipulation and security breaches. Orochi Network seeks to solve these challenges by implementing a fully verifiable data system that ensures data integrity across decentralized applications (dApps).

With this new funding, Orochi Network plans to enhance its technological stack, expand its partnerships, and scale its research and development efforts. The company has already established over 80 collaborations with key industry players, including Nexus Labs, Mina Protocol, Lumia, Aligned Layer, 0G Foundation, and Base. Orochi Network has also made waves within the Web3 community, launching an Airdrop Arcade on Bybit Web3 that attracted over 2.25 million participants.

An Orochi Network spokesperson stated, "We are committed to building a next-generation data verification system that not only ensures security but also fosters trust in Web3 applications. With this funding, we are accelerating our mission to redefine the oracle market and provide developers with the infrastructure needed to create transparent and secure blockchain applications."

As the Web3 ecosystem continues to expand, the need for reliable and secure data feeds becomes increasingly vital. Orochi Network's verifiable data infrastructure could set a new standard for blockchain-based applications, making decentralized ecosystems more resilient against data manipulation and inaccuracies.

Orochi Network is now focused on deploying its funding toward product development, hiring top blockchain talent, and strengthening its infrastructure. The company also plans to roll out new features and integrations that