• About Us
  • Careers
  • Contact
No Result
View All Result
Tuesday, August 5, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home Explore Gora

Algoracle Closes 1.5 million USD Seed Round

18 May 2022
in Gora, Latest News, News
Reading Time: 4 mins read
104 6

Last updated on June 21st, 2022 at 05:30 pm

Algoracle is increasingly developing a stellar reputation in the blockchain space owing to its innovative features and laudable accomplishments.

The decentralized oracle network, built on the Algorand blockchain, has officially closed its seed round, raising a total of 1.5 million USD.

Borderless Capital led the round, with participation from the Algorand Foundation, Valhalla Capital, Big Brain Holdings, Xpand Capital, Parea Capital, OrcaDAO, GMI Capital, and Exa.Finance.

Borderless Capital is a blockchain venture capital firm that is behind the development of a slew of revolutionary blockchain technologies.

 

“We are excited to back Algoracle and their vision of bringing data on-chain in a decentralized fashion. This will help developers to build more powerful and sophisticated applications and smart contracts, enabling innovative and disruptive new use cases on top of the Algorand blockchain,” said David Garcia, CEO and Managing Partner of Borderless Capital.

 

The Algorand Foundation is actively involved in the advancement of blockchain technology, particularly the Algorand protocol.

Valhalla Capital is well-known for backing founders and builders navigating the open world of decentralized finance, play-to-earn, and the metaverse, supporting start-ups with capital, connections, research, and strategy.

Algoracle is redefining communication and interaction on the Algorand blockchain with its decentralized abstraction layer oracle network. Accurate information is critical to the smooth running of any platform hosted on a blockchain, especially if it is governed by smart contracts. Algoracle features a decentralized oracle architecture that provides smart contracts with access to relevant, accurate data. The chosen data feeds come from both within and outside the network.

Decentralized platforms can choose to customize their data feeds to include information on events occurring outside the blockchain space, such as the weather, and events occurring in real-time within the blockchain space, such as crypto prices. 

Apart from the seed round, Algoracle has achieved quite a lot in recent times. In just over a year since its inception, Algoracle has made significant strides towards achieving its vision of making it easy for developers to build smart contracts with oracles. Some of its biggest achievements during this time include strategic partnerships with Kaiko, Brave New Coin, AmberData, Nomics, Twelve Data, CryptoCompare, and others.

 

Over the next twelve months, Algoracle intends to add more features to its ecosystem and close the private and public rounds. The much-anticipated mainnet launch is scheduled for the third quarter (Q3) of 2022.

 

To find out more about Algoracle, visit their website, join their Discord and follow them on Twitter and LinkedIn.

 

If you would like to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, and Instagram.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share64Tweet40Share11
Rose Nnamdi

Rose Nnamdi

Samuel Adeneye

Samuel Adeneye

Sam is a Web3 product manager with a passion for cutting-edge technology and innovation. When I'm not busy with product management, I enjoy relaxing by playing or watching football.

Related Posts

ECB Affirms Cash Will Remain Vital Despite Rising Digital Payments
Regulation

ECB Affirms Cash Will Remain Vital Despite Rising Digital Payments

4 August 2025
Qatar Advocates for Global Tokenization to Transform International Financial Systems
Blockchain

Qatar Advocates for Global Tokenization to Transform International Financial Systems

4 August 2025
South Korean Banks Race to Launch Digital Asset Services Ahead of Stricter Crypto Regulations
Crypto

South Korean Banks Race to Launch Digital Asset Services Ahead of Stricter Crypto Regulations

4 August 2025
Metaplanet Boosts Bitcoin Treasury to 17,595 BTC
Bitcoin

Metaplanet Boosts Bitcoin Treasury to 17,595 BTC

4 August 2025

Featured Posts

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

Which Pays Better Right Now: DeFi’s High-Yield Pairs or Traditional Finance’s Cash Vehicles?

byOlayinka Sodiq
6 July 2025
0

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

The Future of Crypto Could Be Institutional—And That’s Not a Bad Thing

byOlajumoke Oyaleke
30 June 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

Smart Contracts on Ethereum, Solana, vs. Other Blockchains

byOlajumoke Oyaleke
26 June 2025
0

Read More

Chain of Thoughts

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Markets Update

US Ether ETFs Turn One: What $16.6B in Assets and Bullish Inflows Signal for the Future

1 day ago

Is ETH Restaking Driving Efficiency or Introducing a Dangerous Complexity?

3 days ago

Your Weekend Crypto Roundup | August 2025 (Week 1)

3 days ago

Meta’s $72 Billion AI Investment: A Strategic Shift from the Metaverse to Artificial Intelligence

4 days ago

Is Web3 Finally Solving Its Risk Problem? A Market Review of DeFi Insurance Models

5 days ago

How Coinshift Is Progressing the Stablecoin Space

6 days ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Bybit Expands USDT0 Support to HyperEVM, Corn, and Berachain — Unlocking Seamless Stablecoin Access Across Ecosystems

bychainwire
4 August 2025
0

Apu Is Now Live for Trading on Hyperliquid

bychainwire
4 August 2025
0

Bybit’s Ben Zhou Invites Community to Rewrite Their Own Success in Mid-Year Keynote Livestream

bychainwire
4 August 2025
0

Josip Heit and Apertum Secure Legal Victory Over Texas Securities Board (TSSB), Fueling the Next Evolution in DeFi

Josip Heit and Apertum Secure Legal Victory Over Texas Securities Board (TSSB), Fueling the Next Evolution in DeFi

byGuest Author
1 August 2025
0

Hamieverse Taps Abstract to Power Its Debut Blockchain Game and Purpose-Driven Ecosystem

bychainwire
1 August 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00