April 27, 2023 - 2 min read
SupraOracles is excited to partner with BuidlersTribe. BuidlersTribe operates as an incubator that guides founders and startups through the process of building companies from the initial idea, proof-of-concept, and minimum viable product stages. Their primary emphasis is on Web3 companies, and they remain impartial to any specific platform.
Their service acts as a vetting process for investors by using their network to find the best founders at a grassroots level. They work with them for three months before the startup pitch to investors, providing quality feedback about their growth during this period. Doing so makes investments less risky than investing early without knowing the progress of the projects.
They use proof of progress mechanisms to filter out which startups are worth helping. The platform’s benefits are tied to the progress that startups show, which is a proxy to determine if a founding team is perseverant.
SupraOracles has a well-funded team that strongly focuses on developing solutions that add value to cryptocurrency projects. By working together, BuidlersTribe and SupraOracles can establish a mutually beneficial relationship. As part of this partnership, SupraOracles will provide a 6-month free oracle/VRF service and a 90% discount to projects incubated by BuidlersTribe.
Raghu Mohan, CEO and Co-founder of BuidlersTribe, commented:
“We prioritize quality over quantity and focus on investing in a select few projects rather than spreading ourselves too thin. Through this partnership, we aim to provide exposure to decentralized oracles to our carefully chosen projects.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“Their passion lies in investing in crypto startups, and they invest significant effort into researching projects before presenting them to investors. We are eager to support BuidlersTribe’s incubated projects by offering our oracle services along with other benefits and discounts.”
SupraOracles combines traditional financial markets with Web3. Our goal is to provide a powerful cross-chain oracle to the developer community. SupraOracles enables interoperability smart contracts to guarantee the future of financial markets by integrating real-world data into public and private chains. The ability to create, deploy and manage data applications that are faster, more agile, and more resilient is also provided by this technology.
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BuidlersTribe is constructing an incubator decentralized autonomous organization (DAO) with a fund that is governed by the community. They believe that investment and support for Web3 companies must be decentralized and global from the outset.
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