The Ethereum oracle protocol Chronicle has completed a $12 million seed round financing, led by Strobe

ChainCatcher news, reported by Blockworks, states that Ethereum's first oracle protocol, Chronicle, has completed a $12 million seed funding round, led by Strobe (formerly Blocktower Venture Capital), with participation from Brevan Howard, 6th Man Ventures, and others.

Kunkel stated that this round of funding will be used for product development and research. He believes that in the next 12 to 18 months, as financial institutions show increased interest in real-world assets, a large number of related products will be launched, with Chronicle positioned advantageously as the exclusive oracle for Sky tokenized assets.

According to the Web3 asset data platform RootData, [Chronicle Protocol](https://www.rootdata.com/zh/Projects/detail/Chronicle Protocol?k=OTE2NA== "decentralized oracle solution") is a decentralized oracle solution that has secured over $10 billion in collateral since 2017. The project continues to protect MakerDAO while establishing an independent brand and business proposition, and building a fully verifiable, economically efficient, scalable, and decentralized oracle.