Sequoia-Backed Band Protocol Creeps Onto Chainlink’s Turf With Oracle Product

[Paglamon]

Another sprinter has entered the cryptocurrency oracle race, this one backed by Sequoia Capital and Binance.

Band Protocol 2.0 launched Wednesday with its mainnet oracle solution, BandChain, leveraging the Cosmos SDK, according to a release from the firm. The project’s revamp comes 10 months after listing as an initial exchange offering (IEO) on Binance Launchpad and a $3 million 2019 seed round led by Sequoia India.

“Band Protocol is launching at a momentous time with the Inter-Blockchain Communication (IBC) protocol stabilizing,” Zaki Manian, director of Tendermint Labs, said in a statement. “There will soon be a network of chains who can take advantage of the flexible data script and real-time data requests enabled on the BandChain mainnet.”
Source: https://www.coindesk.com/sequoia-backed-band-protocol-creeps-onto-chainlinks-turf-with-oracle-product