OptionRoom Closes $200K Seed Round

2 min readJan 16, 2021

OptionRoom a user governed Oracle as a Service(OaaS) and forecast protocol built on Polkadot closes $200K seed round led by NGC Ventures followed by CMS Holdings, Spark Digital, Paka Fund, PNYX Ventures and NetZero Capital.

OptionRoom will be wrapping up a strategic investment round as the protocol looks forward to the TGE set for February.

NGC Ventures is one of the largest institutional investors of blockchain and distributed ledger technologies, and has been a key contributor to a number of leading blockchain projects. NGC will support with user acquisition and exposure in Asia.

CMS is a principal investment firm focused on making investments across the crypto-asset ecosystem.

Spark Digital Capital is a research focused crypto fund that invests in the future of blockchain and tech. Spark will support with user acquisition and exposure in Asia.

NetZero is a private investment firm supporting emerging projects in the distributed ledger and decentralized finance sector. NetZero Capital will provide corporate structuring, regulatory assistance, and high level coverage throughout Europe’s crypto ecosystem.

PNYX Ventures is a Polkadot-focused venture fund specialising in early stage investment in substrate-based projects driving synergies among teams and providing validation services.

PAKA Fund also known as Paka Labs is a Polkadot eco-technology foundation which is focusing on hatching teams with high technology.

Our mission:

Our mission is to create a self-reliant protocol with multiple use cases powered by the community. By rewarding honest protocol participants and punishing bad actors we aim to create a governance that is pegged to the real world without relying on outside data streams.

We aim to create a strong and diversified community over time, thus making the protocol truly decentralised.




OptionRoom — User governed oracle and forecast protocol built on Polkadot