$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.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]

You can always unsubscribe with just 1 click.



from DailyCoin.com https://ift.tt/3nxHlNX
https://ift.tt/3DAy5ya

Comments

Post a Comment

Popular posts from this blog

BlockchainSpace Lands $2.4M In Strategic Funding To Onboard 20,000 New Guilds In The P2E Metaverse

Image
BlockchainSpace , a guild hub for play-to-earn (P2E) communities, announced a $2.4 million strategic funding round today. Coming hot on the heels of last month’s seed round, the funds will be used to onboard the next 20,000 guilds worldwide and accelerate growth in the rapidly expanding NFT gaming industry.  Morningstar Ventures led the round, with participation from backers including Crypto.com , Alameda Research (FTX), Kingsway Capital , OkEx Ventures and Unity Gaming .  BlockchainSpace is a metaverse platform building tools that empower play-to-earn gaming communities to increase their performance, access capital, grow their earnings and live up to their full potential. It currently serves over 2,000 guilds and more than 545,000 P2E players.  NFT-based P2E gaming is booming, with games such as Axie Infinity, CryptoBlades and The Sandbox blossoming into full-fledged economies that enable thousands of gamers to earn a living. But the barrier to entry i...
Read more

Baltic Fintech Summit Started Crowded and Finished with Crypto Discussion Between Bitcoin Maxis and Boomers

Image
Fintech is already the past. At least, its traditional branch, which mostly includes bringing financial payment services to our smartphones and smartwatches. Let’s be honest, we’ve already forgotten how fiat looks. Personally, I don’t remember the last time I held a banknote; It’s not impressive anymore.  Steve Jobs’ dream has come true.  Crypto fintech is a different story. Tons of startups are still struggling with regulators, optimal business strategies, promotion to achieve mass adoption, and so on. Moreover, the decentralized nature of crypto brings with it a different breed of challenges, the likes of which traditional fintech has never had to face.  Satoshi Nakamoto’s dream is yet to come to fruition! Here’s the dilemma: fintech has already been divided into traditional, and future-oriented branches, And the people representing each of these branches are quite different, so their audiences, and therefore clients, also differ.  Sometimes these two ...
Read more

Crypto Flipsider News – September 28th – Institutional Investors Bought China Dip, Coinbase and Revolut Roll Out New Services, Miami Mayor Pitches Nuclear Facilities to Bitcoin Miners, Facebook Invests in Metaverse, Netflix Announces Documentary on Crypto Entrepreneur’s Death

Image
Read in the Digest Institutional Investors Bought the China Dip, Uniswap Prices Spike after China’s  Crypto Ban Coinbase and Revolut Roll Out New Crypto Services Facebook Invests in Building the Metaverse Responsibly Miami Mayor Pitches City’s Nuclear Facilities to Bitcoin Miners Netflix Announces Documentary on Crypto Entrepreneur’s Death Institutional Investors Bought the China Dip, Uniswap Prices Spike After China China has been at the core of the most significant market dips in 2021. The recent market dip resulted from the People’s Bank of China (PBoC) declaring cryptocurrencies and their services illegal in China . The drop saw Bitcoin fall under $40k. However, institutional crypto investments have now seen 3 consecutive weeks of inflows on the back of 17 weeks of outflows. Between September 20 and September 24, the industry recorded $95 million worth of inflows. While China’s purge caused a significant market decline, DEX (decentralized exch...
Read more