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Nubila Secures $8 Million Seed Funding to Expand Prediction Oracle Services

The decentralized data firm will use new capital to enhance on-chain real-world data accuracy and launch trusted settlement oracle solutions.

Summary

Nubila has raised $8 million in its seed round, led by Blockspace Force and Quantum Holdings, with backing from IoTeX, Assemblyers, Synharbour AI, and notable protocol founders. The funding increases Nubila’s total raised to $10.5 million. The company will expand into the Prediction Oracle sector, delivering more accurate and reliable on-chain real-world data and offering trusted settlement oracle services for events such as temperature thresholds and extreme occurrences.

Terms & Concepts
  • Prediction Oracle: A blockchain service that provides verified data on future events or conditions, enabling smart contracts to act on accurate predictions.
  • Settlement Oracle: A trusted data source used in blockchain to confirm outcomes of real-world events for finalizing smart contract settlements.
  • On-chain Real-world Data: Information from real-world events stored directly on a blockchain, ensuring transparency and accessibility for decentralized applications.