Privacy-focused blockchain network Oasis Foundation has unveiled a $160m ecosystem fund dedicated to supporting the development of projects being built on the Oasis Ecosystem.
The $160m in funds will be used to “power the next wave of Oasis applications” in established spaces such as decentralised finance (DeFi), NFTs, the ‘Metaverse’ and an array of data-focused spaces like data tokenisation, governance and DAOs.
The investment will be allocated among the ecosystem in a bid to support both new start-ups and existing projects currently building on Oasis.
1/Announcing the 📣 $160M OASIS ECOSYSTEM FUND 📣 dedicated to supporting & scaling projects built on Oasis!
— Oasis Foundation (@OasisProtocol) November 17, 2021
The $160 million investment featured an array of key partners and prominent crypto investment funds including AME Cloud Ventures, Dragonfly Capital Partners and Pantera Capital.
“We are thrilled to work with long-time supporters of Oasis to build, cultivate and grow the ecosystem,” he said.
“We are now fully developer ready, and we invite all developers to consider Oasis as we are ready to support them with funding, technical expertise and mentoring, and a strong network of backers.”
The blockchain already has an established ‘partner ecosystem’, which includes collaborations with companies like Genetica, Nebula, Cryptosafe Alliance by Binance and BMW.
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