Switchboard Revolutionizes Blockchain Data Access with $7.5M in Funding
May 30, 2024, 9:34 am
In a world where blockchain technology is rapidly evolving, on-chain oracle startup Switchboard Technology Labs Inc. has secured a significant $7.5 million in funding to provide Web3 projects with access to real-world data. This funding, co-led by Tribe Capital and RockawayX, marks a pivotal moment for Switchboard as it aims to reshape the landscape of blockchain data access.
Switchboard's innovative approach to data access is centered around its customizable oracle network, which offers developers the ability to quickly build tailored solutions that meet their specific needs. By granting developers control over their data flow, Switchboard is empowering them to create efficient and secure data feeds that are essential for the success of blockchain applications.
One of the key features of Switchboard's platform is its on-demand model, which allows users to access just-in-time data feeds that are tailored to their requirements. This flexibility enables latency-sensitive users to securely bring customized data onto the blockchain when they need it most, ensuring that their applications run smoothly and efficiently.
Since its launch in 2021, Switchboard has already attracted over 100,000 users who have embraced the platform's capabilities. With over $2 billion in total value secured on its network, Switchboard is proving to be a game-changer in the Web3 ecosystem.
As the company looks to the future, it plans to use the funding to expand its operations and development efforts, further enhancing its oracle tools and use cases. Led by co-founder Chris Hermida, Switchboard is dedicated to delivering the perfect oracle solution for every developer's needs, offering a level of customization and control that is unmatched in the industry.
In a world where data is king, Switchboard is leading the charge in revolutionizing blockchain data access. With its secure and efficient data feeds, the company is empowering developers to build the next generation of blockchain applications with confidence and ease. As the Web3 ecosystem continues to evolve, Switchboard is poised to play a key role in shaping its future.
Switchboard's innovative approach to data access is centered around its customizable oracle network, which offers developers the ability to quickly build tailored solutions that meet their specific needs. By granting developers control over their data flow, Switchboard is empowering them to create efficient and secure data feeds that are essential for the success of blockchain applications.
One of the key features of Switchboard's platform is its on-demand model, which allows users to access just-in-time data feeds that are tailored to their requirements. This flexibility enables latency-sensitive users to securely bring customized data onto the blockchain when they need it most, ensuring that their applications run smoothly and efficiently.
Since its launch in 2021, Switchboard has already attracted over 100,000 users who have embraced the platform's capabilities. With over $2 billion in total value secured on its network, Switchboard is proving to be a game-changer in the Web3 ecosystem.
As the company looks to the future, it plans to use the funding to expand its operations and development efforts, further enhancing its oracle tools and use cases. Led by co-founder Chris Hermida, Switchboard is dedicated to delivering the perfect oracle solution for every developer's needs, offering a level of customization and control that is unmatched in the industry.
In a world where data is king, Switchboard is leading the charge in revolutionizing blockchain data access. With its secure and efficient data feeds, the company is empowering developers to build the next generation of blockchain applications with confidence and ease. As the Web3 ecosystem continues to evolve, Switchboard is poised to play a key role in shaping its future.