Ojo Network is an agnostic oracle on the IBC protocol, specifically created for the Cosmos ecosystem. It is interesting to note that the developers behind Ojo Network are the same team that successfully launched the Cosmos project called Umee. The oracle is designed to provide fast and accurate price data from any decentralized services and applications.
Ojo Network appears to be a necessary and potentially in-demand tool in the blockchain space, distinguishing itself from other projects in the DeFi sector or claims of being the fastest and best blockchain. In addition to price data, the oracles will utilize cryptographic protocols to ensure protection against external interference. It seems that the project is focused on building products that are in demand in the web3.0 era, rather than solely aiming for profit.
Although the testnet is not new, since the team has not specified any deadlines, it is still a good time to get involved. Moreover, the server requirements are quite reasonable, considering the current lull in the node market and the absence of new projects - making it a favorable opportunity to participate.