TechFlow news, September 10 — According to official announcements, Blocksense Network, a ZK Rollup-based oracle network, has announced the successful completion of a $4 million seed funding round. The round was led by Permutation, with participation from a16z's Crypto Startup Accelerator (CSX), Scott Moore, Public Works, Tykhe Block Ventures, Selini Capital, and MH Ventures.
Blocksense is an innovative oracle solution that reduces operational costs through tightly packed data blocks, introduces a transparent fee model, and delivers fully decentralized, permissionless data feeds. The network allows anyone to become a data provider by staking BlockSense tokens, with nodes automatically executing all reporting tasks.
Co-founders of Blocksense stated that the funds will accelerate ecosystem growth and the development of its ZK-rollup architecture, including advanced zk programming and system verification developer toolkits. The company will also leverage resources, mentorship, and networks provided by the a16z CSX program in New York to drive further progress.
