The zk-native decentralized and composable data oracle, Empiric Network, raised $7 million in a seed funding round. The funding round led by crypto fund Variant, will enable hiring at Empiric Network, as per co-founder Karl Oskar Schulz.
The funding round was also joined, among other angels, by Alameda, CMT, Flow Traders, Gemini, and Jane Street, as data partners. StarkWare and Polygon co-founder Sandeep Nailwal joined the funding round as ecosystem partners.
Empiric Network, a StarkNet oracle, is built out of a strategic partnership with Ethereum L2, StarkWare Industries. StarkWare is a blockchain scalability, security, and privacy solution with a $8 billion valuation, post a $100 million funding.
StarkWare is the developer of StarkNet, a zero-knowledge rollup solving Ethereum blockchain’s scalability issues.
Also read: Ethereum L2 StarkWare Announces StarkNet Token & Foundation
