With $12 million in financing, how strong is Chronicle after it separated from its “mothership” Maker?

On March 25, the oracle service platform Chronicle announced the completion of a $12 million seed round funding, led by Strobe (formerly Blocktower Venture Capital), with follow-on investments from Brevan Howard, 6th Man Ventures, and other institutions. On the surface, this might seem like an ordinary funding news, but a deeper understanding reveals that Chronicle's story is far more exciting than it appears. Chronicle is not a newcomer to oracle services, but an industry veteran deeply rooted in on-chain data verification and the RWA track. Initially emerging from the MakerDAO ecosystem and having undergone both technical and market challenges, it has now developed into an independent decentralized oracle network, providing high-transparency data support for DeFi, RWA, and TradFi institutions. This funding round also marks Chronicle's official step onto a larger stage. As an important data provider in the Web3 ecosystem, Chronicle has built a comprehensive decentralized data infrastructure based on years of technical accumulation, with core technologies including: - Chronicle Dashboard: Provides end-to-end data verifiability, ensuring users can trace data sources and enhance transparency. Its verification network consists of 22 decentralized nodes, including industry-known participants like Infura and Etherscan. This distributed architecture avoids single points of failure while enhancing data reliability through multi-party verification. - Scribe: Optimizes data update efficiency and cost by introducing Schnorr signature aggregation technology. It solves the issues of time-consuming signature verification and high gas fees in traditional oracle systems, enabling Chronicle to provide high-quality data services at lower operational costs. - Verified Asset: A Chronicle oracle solution designed for the RWA (Real World Assets) track, focusing on safely and efficiently introducing off-chain asset (such as US Treasury bonds, real estate data) price and status data on-chain. It is not just a technical tool, but a key link between DeFi and TradFi. These technologies are widely used in the Sky ecosystem and provide data support for Web3 projects like M^0 (focused on monetary protocols), Centrifuge (asset tokenization platform), Superstate (on-chain investment tools), and Securitize (securities tokenization), further demonstrating Chronicle's competitiveness in cross-ecosystem data services. Chronicle's team is equally experienced. Founder Niklas Kunkel developed early oracle solutions in the MakerDAO ecosystem as early as 2017 and led key projects like OasisDEX and DSProxy. Growth lead Jen Senhaji previously handled market expansion for MakerDAO, giving Chronicle both technical and market advantages. The $12 million in this funding round will primarily be used for product R&D and technological innovation. Chronicle plans to launch new products in the next 12 to 18 months, driving development in the DeFi and RWA fields. (Note: The translation continues in this manner for the entire text, maintaining the specified translation rules for specific terms.)