Sat, September 23

Goracle Rebrands to Gora, a Decentralized Oracle Network

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Goracle Rebrands to Gora, a Decentralized Oracle Network Press Release

You may remember Gora started off as Algoracle, before rebranding to Goracle in May 2022. The new name — Goracle — reduced confusion with Algorand, was easier to pronounce, and clearly identified what we did — an oracle service.

With the network now on mainnet, thousands of participants in the community, and enough history to see the thousands of interactions various communities had with our brand, its time to take another major step forward in our journey and have our name reflect the essence of what we do.

Why Gora?

In Sanskrit, “Gora” means “mountain” or “elevated.” We chose this name as it symbolizes the strength, stability, and solidity of our platform, while retaining the core of what people have come to know us as.

More than just an Oracle

The Gora network is a more than just a traditional Oracle. Decentralized applications can use the network to run off-chain computations, or store larger amounts of data. Data that is retrieved, like megabytes worth of sports data, can be transformed and stored, before committing only the required data on chain. This allows for applications currently using web2 back-ends to truly decentralize, and eliminate the need for infrastructure that makes up for the shortcomings of traditional layer-1/2s.

Further Differentiation

The old name, Goracle, was a great step forward from Algoracle in helping us stand out on our own. But the name Goracle (often mispronounced G-Oracle), was ultimately too generic, lacking specificity in the overall Blockhain oracle sector. We wanted a name that would not just be memorable, but also stand out in the Blockchain Oracle sector.

A New Chapter, Same Commitment

Though our name has changed, our dedication to advancing the state-of-the-art in oracle technology remains. We are proud to be able to play a role in the future of bridging the gap between real-world data and blockchain networks, enabling developers to create cutting-edge dApps with accurate, real-time external data feeds.

The $GORA Token: Where Identity and Utility Align

As we embrace the name, Gora, we also celebrate the seamless alignment between our new identity and the $GORA token. The $GORA token powers our decentralized oracle network, serving as the lifeblood that fuels secure and reliable data feeds for smart contracts. The connection between “Gora” and “GORA” token showcases the harmony between our vision and the practicality of our ecosystem.

We believe that a cohesive identity, encompassing both name and token, strengthens our position as a transformative force in the blockchain world.

Embracing Innovation, Embracing Community

Our journey has been shaped by the incredible support and enthusiasm of the blockchain community. The Gora Network is powered by a diverse and global community of developers, validators, influencers, partners, and enthusiasts. We are immensely grateful for the dedication and passion of our community members, whose contributions have been instrumental in making Gora what it is today. We extend our heartfelt thanks for being part of this journey.

As we embark on this new chapter, we reiterate our commitment to fostering a collaborative and inclusive ecosystem.

Looking Ahead: A Bright Future for Gora

The rebranding to Gora marks an exciting chapter in our journey. As we look ahead, we have ambitious plans to continue evolving, expanding, and innovating. Our dedication to creating a secure, decentralized, and scalable oracle network will remain at the heart of all our endeavors.

With upcoming growth in product offerings, expansions to different ecosystems and collaborations with prominent projects, we are confident that Gora will play a pivotal role in shaping the future of the blockchain industry.

The rebranding process will be a well-thought-out and gradual journey, ensuring a seamless transition for our users and partners.

We now begin the process of integrating our new brand identity across our website, social media platforms, and communication channels in a process to ensure a seamless update from “Goracle” to “Gora” by phasing out the old branding elements and embracing the new identity.

Welcome to Gora, where the future of decentralized oracle solutions is limitless!

About Gora

Gora is a decentralized oracle network that links the Blockchain to the physical world. For more information about Gora, visit our Linktree.

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