RedStone

In this article I will talk about the RedStone project and what are its benefits
RedStone is a specialized Oracle system designed to provide frequent, reliable, and diverse data feeds for decentralized applications (dApps) and smart contracts operating on various Layer 1 (L1) and Layer 2 (L2) blockchain networks.
RedStone was founded in the first half of 2021 in response to a pressing need for fast, cost-effective, and reliable oracles in the blockchain industry. The founders had participated in hackathons and faced challenges in finding suitable oracles for their projects, leading them to create RedStone to address this issue.
In August 2022, RedStone announced that it had successfully raised a $7 million seed round of investment led by Lemniscap, a blockchain-focused venture capital firm. The funds raised in this seed round are intended to support RedStone in pursuing its mission of advancing Web3 innovation through a unique approach to on-chain data storage.