The oracle protocol Switchboard has completed a $7.5 million Series A funding round, led by Tribe Capital and others.

the oracle protocol Switchboard announced the completion of a $7.5 million Series A funding round, led by Tribe Capital and RockawayX, with participation from Mysten Labs, InfStones Global, OtterSec, Bixin Ventures, and various angel investors.

It is reported that Switchboard's mission is to provide fast, permissionless, and customizable oracle solutions. Its total value guaranteed has risen to approximately $1.75 billion.

According to the Web3 asset data platform RootData, Switchboard is a permissionless, customizable, multi-chain oracle protocol for general data feeds and verifiable randomness. By allowing anyone to push any form of data, regardless of the data type, it provides users with a one-stop service and helps drive the development of the next generation of decentralized applications.