Gora Network awarded with Starknet Seed Grant Program

Gora Network is thrilled to announce that we have been awarded the prestigious Starknet Seed Grant! This grant empowers us to accelerate innovation and further scale our DeFi oracle solutions on Starknet, a secure and scalable Layer 2 (L2) network on Ethereum. As an Algorand-based project, this achievement underscores our commitment to expanding into the Ethereum ecosystem while maintaining our strong foundation on Algorand.

What This Means for Gora Network

The Starknet Seed Grant is a testament to Gora Network’s potential to revolutionize decentralized finance (DeFi) with robust and scalable oracle solutions. Here’s how this grant will enable us to make significant strides:

1. Enhanced Scalability: Starknet’s L2 infrastructure allows Gora to offer highly scalable oracle solutions, ensuring efficient and secure data feeds for DeFi applications on Ethereum. This scalability is crucial for supporting the growing demands of the DeFi ecosystem.
2. Increased Security: Starknet’s advanced security features provide a secure environment for deploying our oracles, minimizing risks associated with data integrity and reliability. This ensures that the data fed into smart contracts remains trustworthy and tamper-proof.
3. Cross-Chain Expansion: While maintaining our robust presence on Algorand, deploying on Starknet enables Gora to bridge the gap between different blockchain ecosystems. This cross-chain capability opens up new avenues for collaboration and innovation, making our oracle solutions more versatile and widely applicable.

Deploying Gora Oracle on Starknet

Our deployment on Starknet involves several strategic initiatives aimed at leveraging the full potential of this L2 network:

1. Oracle Integration: Gora will integrate its oracle solutions into Starknet, providing real-time, accurate data feeds for various DeFi applications. This includes price feeds, market data, and other critical information essential for the smooth functioning of decentralized applications (dApps).
2. High-Power Computation: Utilizing Starknet’s scalable infrastructure, Gora will offer off-chain computation capabilities to support high-power training for machine learning models. This is particularly beneficial for AI-driven applications that require substantial computational resources.
3. Community Engagement: Gora will actively engage with the Starknet community, fostering collaboration and innovation. By participating in hackathons, workshops, and other community-driven events, we aim to contribute to the growth and development of the Starknet ecosystem.

Looking Ahead

The Starknet Seed Grant marks a significant milestone for Gora Network, positioning us as a key player in the decentralized AI and oracle landscape. With this grant, we are well-equipped to deliver groundbreaking solutions that will redefine the way data is integrated and utilized in DeFi applications.

About Gora Network

Gora Network is a multichain compute and machine learning oracle that enables new use cases in Web3 through differentiated data outputs from ML models or AI agents. With a strong foundation on Algorand and expansion plans happening now to Ethereum, Gora is committed to powering decentralized AI with its robust oracle network.

About Starknet

Starknet is a Layer 2 (L2) scaling solution on Ethereum that leverages zk-rollups to provide secure and scalable infrastructure for decentralized applications. It enables developers to build dApps that can process a high volume of transactions without compromising on security or decentralization.

Stay tuned for more updates as Gora Network continues to push the boundaries of decentralized technology, bringing innovative oracle solutions to the forefront of the blockchain ecosystem!