San Francisco, United States
OAK Network, founded in 2020, positions itself as a pioneering force in the Web 3.0 space, with the slogan "The Web 3.0 hub for automated Defi and payment." The company operates within the Blockchain, Fintech, Payments, and Web3 industries, with its headquarters located in the United States.
OAK Network's core innovation is its On-chain Autonomous Kernel (OAK), an automation layer-2 blockchain designed for Defi and recurring payments. Built on Parity Substrate, it leverages an event-driven execution model, setting it apart from Ethereum's traditional transaction-based model. This unique model allows transactions to be triggered by event signals such as time, price, and smart contract state changes, rather than requiring private key signing.
The company most recently secured a Venture Round investment on 28 November 2022, backed by notable investors WAGMI Ventures and EMURGO. Through its mission to become a "Stripe for Web 3.0," OAK Network is poised to redefine the digital payment and automation landscape.
