KUWA Oracle raises $1.5 Million in seed funding ahead of KUWA Chain launch

By: Get News
KUWA raised 1.5 Million in seed funding for the development of their cutting-edge customizable blockchain oracles.

Helsinki, Finland - November 09, 2022 - KUWA Labs is pleased to announce that they have been able to raise 1.5 Million in seed funding for KUWA Oracle this month. With the KUWA Chain launch scheduled for mid-December, the timing has been perfect. KUWA Oracle will also host an airdrop event in December.

A revolutionary force in the world of contemporary blockchain oracles, KUWA Oracle is uniquely designed to enable aggregation, validation, and seamless sharing of completely verified data feeds, and that too from multiple sources. The oracle has been developed on a cutting-edge dedicated blockchain platform and is aimed to connect smart contracts with real-world data and APIs. All the data sourced is always cryptographically signed to verify it is from AP.  

KUWA token is the native currency of KUWA Oracle- the currency that fuels the oracle platform.  

One of the major USPs of KUWA Oracle is that the oracle platform is able to source data from both off-chain and on-chain sources which allows complete customization of KUWA feeds.  

Per the statements of Mikko Nieminen, a representative of Kuwa Oracle, KUWA Labs is developing a new-gen customizable blockchain oracles that will facilitate convenient solutions for cross-ecosystem compatibility for oracles.  

"We are excited to share with you all that we have recently been able to raise1.5 Million in seed funding for our platform. KUWA is developing a new type of customizable blockchain oracles and offering a simple solution for oracles cross-ecosystem compatibility. However, such a state-of-the-art development demanded robust financial support and we are more than grateful for our supporters for empowering us with the needed funding. Their generous support will enable our team to scale up KUWA Oracle to newer heights," said Mr. Nieminen.

Speaking on, Mr. Nieminen stressed on the fact that the KUWA community is the major driving force of the ecosystem and has played a crucial role in everything from development to popularity growth. KUWA is backed by a highly active and growing community. As a mark of gratitude for community members, KUWA is soon to launch a KUWA airdrop event on December 15, 2022. The airdrop event will reward Cosmos Ecosystem users by distributing 50 000 000 KUWA tokens to over 2, 000, 000 wallets at genesis date (December 15). 

Top features and benefits of KUWA Oracle -

  • Highly scalable and secured - KUWA Oracle supports trustless off-chain scaling that extends tamper-proof inputs and outputs
  • Decentralized - KUWA Oracle is based on a cutting-edge hybrid system that carries both off-chain and on-chain components
  • Cross-chain compatibility - KUWA supports easy chain communication through proof-of-stake and permissionless protocols
  • Customized oracle - Allows to build independent customized oracle in just 3 clicks
  • Several data sources - KUWA sources data from several data sources, including NFT marketplaces, DEXs, CEXs, Bridges, as well as 3rd party data aggregators

For more information, please visit https://kuwa.ai

Media Contact
Company Name: KUWA Oracle
Contact Person: Mikko Nieminen
Email: Send Email
Country: Finland
Website: https://kuwa.ai

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