An Exclusive Angel Round Secured by RedStone Oracles with Support from Leading Web3 Builders
RedStone Oracles has received substantial backing from prominent Web3 builders in an exclusive angel round. The round was led by Stani Kulechov, Founder and CEO of Aave, and saw participation from Sandeep Naiwal, Co-Founder of Polygon, Alex Gluchovski, CEO and Co-Founder of zkSync, and Emin Gün Sirer, Co-Founder of Ava Labs.
RedStone is a decentralized oracle platform that offers secure and reliable data feeds to DeFi applications. The platform is designed to be highly customizable and modular, allowing developers to choose the data feeds that best suit their specific needs. Furthermore, RedStone boasts cross-chain compatibility, enabling the provision of data feeds to applications across multiple blockchains.
The investment from these esteemed Web3 builders serves as a strong vote of confidence in RedStone’s mission to provide the most reliable and secure oracle services in the DeFi ecosystem. The funds raised in this round will be used to accelerate RedStone’s development and expand its reach into new markets.
In a statement, Kulechov expressed his belief in RedStone, saying, “RedStone is at the forefront of building the next generation of oracles for DeFi. The team demonstrates a deep understanding of the challenges faced by the oracle industry and is well-positioned to deliver a solution that meets the needs of DeFi developers.”
Naiwal added, “RedStone is the most promising oracle project I’ve come across in a long time. The team has a proven track record of success and is developing a truly innovative product. I am excited to be a part of this journey.”
Gluchovski remarked, “RedStone is addressing a critical problem within the DeFi ecosystem. The team is building a reliable and secure oracle platform that will enable DeFi applications to realize their full potential.”
Sirer commented, “RedStone is the most comprehensive oracle solution on the market. The team is constructing a platform that can provide data feeds to DeFi applications across multiple blockchains. I am excited to witness the accomplishments that RedStone will achieve in the future.”
With the support of these leading Web3 builders, RedStone is poised to become the leading oracle platform in the DeFi ecosystem. Its modular design, cross-chain compatibility, and robust security features make it an appealing choice for DeFi developers.