Flux: A Cross-Chain Oracle
Flux is a cross-chain oracle that provides smart contracts with access to economically secure data feeds on anything. The platform is a fully operational suite of decentralized computing services and blockchain-as-a-service solutions that offer an interoperable, decentralized, AWS-like development environment.
The company aims to become the data layer of all leading blockchains and a new generation of scalable decentralized cloud infrastructure. Jasper and Peter started Flux in the year 2017 with the mission to create a trustless, decentralized financial ecosystem. The headquarters of the firm is located in Zug, Switzerland.
As an economically secured oracle, Flux enables protocols to request crowdsourced, API, and price-fed data from any on- or off-chain source. The platform has created an oracle design that provides a totally decentralized infrastructure for accessing data on and off-chain. The protocol is built on top of the leading layer one protocols like NEAR Protocol and is backed by reputed firms in the industry, such as Coinbase Ventures, Reciprocal Ventures, Distributed Global, CoinFund, etc. Flux has raised a total of $22 million in funding over two rounds; the latest funding was raised on 4 December 2021 from an Initial Coin Offering round.
The company is funded by top investors like a16z, Coinbase, Kaiko, Amber Data, A&T Capital, Conflux, OKEx Blockdream Ventures, LD Capital, Kernel Ventures, YBB Foundation, and many more.