💠 RedStone, a blockchain oracle provider, has announced the integration of its price feed solutions into The Open Network (TON) blockchain. This integration will allow developers and projects built on the TON blockchain to access real-time asset prices, which is crucial for executing complex financial protocols.
💠 Integrating with TON presents unique technical challenges due to the blockchain’s structure. However, RedStone is exploring additional sectors for growth, including the “liquid staking and re-staking oracle sector.”
💠 On July 3rd, RedStone completed a $15 million Series A funding round to expand its products. Michael Arrington, founder of Arrington Capital, explained that the decision to invest in RedStone was driven by the oracle provider’s ability to advance Web3 infrastructure.