Moonrock Capital invests in Kylin Network (KYL)
We are proud to announce Kylin Network ($KYL) as an addition to our portfolio.
Kylin Network is building a universal oracle protocol. Its main function is to build an on-chain data warehouse through decentralization and trustlessness, and to provide accurate social data and market data to various DeFi applications and blockchain projects. Kylin, which is built on Substrate, will be connected to the Polkadot ecosystem in a parachain, sharing the underlying consensus of the Polkadot, operating in a fully decentralized and highly scalable manner, and ensuring the security and network performance of the protocol.
“We are delighted to welcome Kylin Network into our portfolio as we look to support projects who offer solutions around growing economies, such as big data and Web 3.0. Kylin perfectly fits into our strategy in this regard. The idea, team and market potential convinced us to support this team’s efforts. We believe that Kylin could become a big player in the next phase of the DeFi market and we are happy to support them on this journey.”
— Jonathan Habicht, Managing Partner MRC
“Kylin network is humbled and pleased to be supported and encouraged by the team at Moonrock Capital. We have strategically aligned ourself with Moonrock due to its commitment to supporting cutting-edge projects with bold, long-term visions for the future blockchain world. We are supremely confident that with their help and support we can achieve our vision of building the key data infrastructure of Polkadot.”
— Dylan Dewdney, CEO Kylin Network
