Empiric Network is a decentralized oracle built on StarkNet that connects smart contracts to underlying sources such as cryptocurrency exchanges and large market makers. The project was co-founded by Karl Oskar Schulz and Jonas Nelle and developed in a strategic partnership with StarkWare. Empiric signed partnerships with major data providers and market makers to publish proprietary data on-chain instead of relying on opaque off-chain aggregation. By leveraging StarkNet's lower fees and higher throughput, the network aims to enable on-chain computations and move DeFi beyond simple price feeds toward computational metrics like risk, volatility and yield. The team positions the product as a response to concerns about centralized oracle opacity and past oracle errors. The company launched with a $7 million funding round that it says will largely be used for hiring.

Total raised

$7M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2022