TechFlow reported on August 22, according to The Block, Web3 oracle provider Stork Network has announced the completion of a $4 million seed funding round led by Lightspeed Faction, with participation from Lattice, CMS, and Wintermute. The funds will be used to strengthen product development, particularly for the Stork Perps project.
Stork Labs, a core contributor to Stork Network, is dedicated to providing decentralized protocols with simpler, more cost-effective, and flexible on-chain data options. The company is building The Open Data Market, which connects data publishers with protocols, DApps, and other data consumers through its Composite Oracle Service (COS). Stork Perps is the company's first COS product.
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