$160M Oasis Foundation Fund for DeFi, NFTs, Metaverse, and Privacy Applications

$160M Oasis Foundation Fund for DeFi, NFTs, Metaverse, and Privacy Applications

Oasis, the leading privacy-enabled, proof-of-stake blockchain platform, has introduced a $160 million Oasis Ecosystem Fund. The money will support founders and projects that are part of the Oasis Network. Projects will cover DeFi, NFTs, Metaverse, DAOs, data tokenization, privacy apps, gaming, and other Web3 applications.

Some of the Oasis Network investment partners include AME Cloud Ventures, Dragonfly Capital Partners, Draper Dragon, Electric Capital, FBG, Jump Capital, Kenetic Capital, NGC Ventures, Oasis Foundation, and Pantera Capital.

“Oasis is the leading privacy-enabled, scalable blockchain platform. We are a strong believer of Oasis’s vision and proud to be part of the Ecosystem Fund and help drive blockchain technology forward,” said Jerry Yang, Co-Founder of Yahoo and Founding Partner of AME Cloud Ventures.

Oasis Network is optimal for DeFi, as it provides immediate finality, high throughput, strong security architecture, and much cheaper gas fees (especially compared to Ethereum).

The team is revolutionizing Open Finance and adapting it to a mass market by creating tokenized data, which enables users to control their data and earn rewards for staking. This system creates the first-ever responsible data economy.

On The Flipside

• The expansion of DeFi might be restricted due to high fees, behaviors of self-motivated traders, and the lack of a reputation system. Oasis seems to provide a solution to such issues.

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