Top Blockchain Investment Fund Woodstock Operates Validator Node on BandChain
Specialized multi-asset investment fund focused on high growth distributed ledger technology (DLT) and blockchain project, Woodstock, is joining as a validator node on BandChain’s decentralized oracle network. The fund supports a portfolio of leading projects including Elrond Network, Marlin Protocol, Holo, Casper Labs, and also Band Protocol as a private investor and strategic partner to expand global footprint.
“We are excited that Woodstock will be the first India focused BandChain validator node that will power the data layer for our investment portfolio and other public decentralized networks and applications.”
Himanshu Yadav, Co-founder & Managing Partner of Woodstock Fund
The BandChain Phase 0 Mainnet currently has 48 trusted and active validator nodes that are geographically and industrially diversified including leading blockchain infrastructure DevOps/security firms, top cryptoasset exchanges and enterprise-grade validator services that secure hundreds of millions in funds.
Woodstock operating a validator node on BandChain will allow the Indian and global community to contribute to the BandChain decentralize oracle network under a trusted and reliable entity. This will open the doors to a truly global permissionless data layer that supports all blockchain applications and smart contract platforms.
Soravis Srinawakoon, CEO & Co-Founder of Band Protocol
The decentralized finance and smart contract platform space is rapidly growing. As such, reliable oracle solutions that dictate the logic and behaviors of such products is vital to ensure that the billions of dollars locked up in protocols are secured. We are excited to have Woodstock’s help and contribution to raise the degree of decentralization in Band Protocol’s oracle network that will unlock the next wave of blockchain applications to be built in a trustless and secure manner.
About Woodstock Fund
Woodstock Fund is a multi-asset global investment fund currently focused on investments in public Distributed Ledger Technology (DLT), Decentralized Finance & Tokenization and Web 3.0 protocols. Woodstock Fund invests in equity, convertibles and tokens in both listed and unlisted spaces. Woodstock works at the intersection of technology and value creation alongside its portfolio companies to help them scale and grow their ecosystem. The portfolio companies include Holochain, Elrond, Casper Labs, Band Protocol and Marlin Protocol. Woodstock has operating teams in India, Philippines and Singapore.
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
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