Witnet

Witnet

[Closed for Investment] Who Should Be Interested:
Do you believe in the future of blockchain technology? Do you wish there was a clearer answer to “The Oracle Problem”? If this sounds like you, then Witnet could be the investment you’ve been waiting for. They’re here to offer a solution to that problem by connecting smart contracts -- to any external data source.

The Company:
Witnet offers an answer to “The Oracle Problem.” This problem centers on the fact that blockchain technology has the power to revolutionize business through creating smart contracts, but those smart contracts are currently completely isolated from the rest of the Internet. Witnet’s solution to this issue is simple and direct; their protocol connects smart contracts to any online data source. Everything from sports results and stock prices to weather forecasts or other blockchains can now be connected through Witnet’s distributed network of mining notes, called witnesses. Witnesses also validate transactions into the network and bundle them into blocks so they get appended to the blockchain periodically. Additionally, Witnet offers “bridge nodes,” which complement and complete other smart contract platforms, such as Ethereum.

The Bottom Line:
Witnet’s technology is here to revolutionize the future of blockchain. They allow you to create real smart contracts -- with real power.

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Investment Overview

Raised this Round: Raised: $1,070,000

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
03/02/2018
Close Date
03/25/2018
Min. Goal
$200,000
Max. Goal
$1,070,000
Min. Investment

$50

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2018
Industry
Business Services, Software, & Applications
Tech Sector
Location
Seattle, Washington
Company Website
Visit Website

Team

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/25/2018 Republic - $1,070,000 Debt Funded RegCF
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Witnet on Republic
Platform: Republic
Security Type: Debt

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Warning: according to the close date for this deal, Witnet may no longer be accepting investments.

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