Google partnership to accelerate blockchain oracle network growth

This blockchain oracle network has also been selected as a community partner for TOKEN2049 Singapore 2024.

Blockchain oracle network Gora becomes a participant of Google’s prestigious startup program for Web3 projects.

The arrival of smart contracts in the blockchain space has ushered in the age of decentralized finance (DeFi). However, for DeFi to truly be an alternative to traditional finance, decentralized apps (DApps) — apps running on blockchain networks — need to extract real-world data. And blockchains, which are siloed ecosystems, cannot achieve this on their own. 

Oracles fill this gap by providing external data to blockchains, connecting them to traditional systems and with each other. By bridging the digital and physical worlds, oracles empower DApps to offer services that go beyond the blockchain, unlocking new possibilities for innovation and growth.

A new participant in Google’s Web3 program

Gora, a decentralized blockchain oracle network with multichain capabilities, is a prominent example of this evolution. The platform enables secure data flow for smart contracts across all integrated blockchains.

To bolster platform development, Gora has announced its acceptance into Google’s Web3 Startup Program. An initiative of Google Cloud, the program supplies Web3 projects with the technology and resources to build on the ecosystem more easily.

Gora 🤝 @google

We’ve been accepted into Google for Web3 Startups Cloud Program!💡

By joining this program, Gora Network gains exclusive access to a wealth of resources, including 200K USD in Google Cloud credits, hands-on support from @Google engineers, and priority review for… pic.twitter.com/fKJ7HedPym

— Gora Network (@GoraNetwork) August 8, 2024

The partnership will see Gora receive funding and technical support from Google. The tech giant will grant Gora $200,000 in Google Cloud credits, which will be used for growth and expansion efforts. With the grant, Gora expects to accelerate the development of its oracle network. 

The oracle network will leverage Google Cloud’s security measures to enhance data and asset security. As part of the program, the project will also gain access to a pool of world-class engineers and a support team working at Google. 

Source: Gora 

Being part of the program also creates networking opportunities that will enhance Gora’s professional reach. The project will be able to engage with other participants of the program and industry experts, opening up new possibilities for further development. 

With the Google Cloud collaboration, Gora aims to advance its platform and the DeFi ecosystem in general, expand its offerings with novel products and services and fulfill its mission of onboarding Web2 companies to Web3.

Besides traditional players, Gora also receives support from other blockchain projects. Starknet, an Ethereum-based layer-2 scaling solution, has partnered with Gora and awarded it a seed grant. 

Under the partnership, Gora will deploy its oracle solutions on Starknet and benefit from the solution’s highly scalable infrastructure and advanced security features. The integration is expected to minimize data reliability risks and enhance the efficiency of data feeds.

Community partner for TOKEN2049

In addition to the partnerships, Gora recently announced its NFT collection. Curated jointly with Shufl Labs to foster community engagement, the GoraBots collection is composed of 870 unique NFTs that come with tangible rewards.

🚨 After the big announcement at Decipher in Barcelona, we’re EXTREMELY happy to officially unveil our partnership with @ShuflLabs to bring you the much-awaited GoraBots NFT Collection! 🤖 📢

GoraBots isn’t just another NFT collection.

It’s a unique blend of stunning digital… pic.twitter.com/tujxStHn1z

— Gora Network (@GoraNetwork) July 24, 2024

Holders of these NFTs will have the opportunity to participate in the upcoming GoraDAO governance system, where they will have voting rights and form the GoraDAO council to decide if community proposals move forward to an official vote. The decentralized autonomous organization (DAO) is scheduled to be ready by the end of 2024. Additionally, each GoraBot is backed by a specific amount of GORA tokens, allowing holders to stake these tokens to earn rewards and contribute to network security. 

Source: Gora

As Gora continues to build momentum, the project was selected as a community partner for TOKEN2049 Singapore 2024. The annual event brings industry leaders and influencers together, and this year’s edition is expected to host around 400 exhibitors and attract over 20,000 attendees with 500 side events. 

Since launching its mainnet about a year ago, Cointelegraph Accelerator participant Gora has grown to reach 139 active nodes and is currently generating $100,000 in annual revenue. By upgrading its solutions, inking new partnerships and expanding to other prominent blockchains, Gora will continue to empower diverse projects with reliable data feeds and support more use cases.