Solana-Based Automation Network Clockwork Raises $4M in Seed Funding
Solana-based network Clockwork has raised $4 million in seed funding to grow its team that’s building a framework to decentralize autonomous tasks on a Solana validator, a component of the computing power behind the ecosystem, the company said Tuesday.
Clockwork, which was formerly known as Cronos, aims to solve the automation dilemma, in which developers must choose between using decentralized apps (dapps), or apps that are automated. Nick Garfield, co-founder of Clockwork, told CoinDesk that his company removes the need for a centralized cloud provider such as Amazon Web Services (AWS) or Google Cloud to provide automated products for blockchains.
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