**Supra Raises $24M in Private Investment Rounds**
Chainwire Supra, a company based in Miami, Florida, has successfully raised over $24 million in private investment rounds. The company has received investments from prominent venture capitalists, including Animoca, Coinbase Ventures, HashKey, Prosus Ventures, Razer, United Overseas Bank Venture Management, and Valor Equity Partners.
Supra is working on developing a cross-chain oracle and communication network that aims to achieve sub-2 second finality. Their security guarantees are projected to be more than 10 times secure than incumbent bridges through their bespoke consensus algorithm called “Moonshot Consensus.” The company’s goal is to facilitate the migration of Web2 to Web3 by enhancing oracles, cross-chain communication protocols, and consensus mechanisms.
Supra’s next-gen oracle technology is already being used to update over 1.5 million cryptocurrency data pairs daily. The company has received over $24 million in private investment funding from strategic partnerships that recognize their groundbreaking research and development in the Web3 stack.
**Strategic Partnerships and Token Distribution**
Supra has gained support from some of the largest digital asset funds and organizations worldwide. Notable partners include Animoca Brands, Coinbase Ventures, Galaxy Interactive, Huobi Ventures, Prosus Ventures, Razer.com, Republic Crypto, and Valor Equity Partners. Additionally, over 500 other funds, node operators, and angel investors have been brought in to help distribute the token supply and decentralize ownership and governance of the network.
To further increase token distribution, Supra recently announced a gamified learn-to-earn airdrop opportunity for community members. The Countdown to Blast Off campaign allows users to join other Supra cadets and earn $SUPRA tokens while learning about the project. Supra aims to have over 500,000 KYC’d token holders during their Token Generation Event scheduled for early 2024.
**The CEO’s Vision and Partners’ Comments**
Joshua Tobkin, CEO and Co-Founder of Supra, expressed his excitement to bring Supra to market and provide a provably fair, high-performance oracle service to DeFi developers and end consumers. He emphasized the importance of strategic partnerships in the company’s future growth.
Prominent figures in the blockchain industry have praised Supra’s innovations. Yat Siu, Co-Founder and Chairman of Animoca Brands, highlighted the significance of oracles in bridging data portability and interoperability across different networks. Alex Ye of Republic Advisory commended Supra for solving the oracle problem and enabling cross-chain liquidity and multi-chain web3 applications. Other partners, including Hashed, Sound Ventures, Prosus Ventures, Huobi Ventures, and FiveT Ventures, expressed their confidence in Supra’s technology and its potential to revolutionize the DeFi ecosystem.
**Hot Take: Supra Revolutionizes Oracle Technology for Web3**
Supra’s successful private investment rounds have brought in over $24 million from prominent venture capitalists. With their innovative cross-chain oracle and communication network, Supra aims to achieve fast finality and enhance security guarantees. Their next-gen oracle technology is already being used for millions of cryptocurrency data pairs.
Through strategic partnerships, Supra has gained support from major digital asset funds and organizations worldwide. They are also working on increasing token distribution through a gamified learn-to-earn airdrop opportunity.
Supra’s CEO is excited to provide a high-performance oracle service that will enhance security in the DeFi space. The company’s innovations have garnered praise from industry leaders who recognize the importance of oracles in achieving data interoperability. Overall, Supra is set to revolutionize oracle technology and drive the adoption of Web3 applications.
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