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Binance Labs announced its participation in the Oasis Ecosystem Fund to support projects building on the Oasis Network. The Oasis Ecosystem Fund now has $200 million available to invest in projects building on the Oasis Network.

Binance Labs is the venture capital and innovation incubation arm of Binance, which analyzes, invests, and financially empowers promising and innovative blockchain entrepreneurs, start-ups, and communities that help grow the broader Web3 ecosystem.

“We are a true believer of Oasis’s vision and have been supporting the project since the early days," said Bill Chin, Head of the Binance Labs Fund. "We are very excited to join the Ecosystem Fund as we believe that Oasis can advance Web 3.0 development due to its scalability and privacy-preserving features. Also, any project building on top of Oasis will also be part of the Web 3.0 innovation.”

The Oasis Ecosystem Fund is dedicated to powering the next wave of Oasis applications, including DeFi, NFTs, data tokenization, confidential voting, and more. The privacy and scalability technology that supports the Oasis Network makes it the ideal network for every Web3 builder due to its instant finality, low gas fees, high throughput, and strong privacy. Oasis Smart Privacy powers applications all across Web3 from MEV protection to confidential DAO governance.

“We couldn’t be more thrilled that Binance Labs decided to dedicate such a significant contribution to our Ecosystem Fund," said Jernej Kos, Director of Oasis Foundation. "They are a valued partner, and together we can create new frontiers in the blockchain space.”

Building off of its support by industry partners like Binance Labs and others, Oasis reached a number of significant growth and development milestones in the last couple of months. For example, Emerald, the EVM-compatible runtime on Oasis, successfully launched on MainNet. Also, YuzuSwap, the first decentralized exchange (DEX) on Oasis is currently in development by a third-party team, and when launched, will all DeFi users to experience the full power of the Oasis Network's confidentiality.

To learn more about the Oasis Ecosystem Fund, click here.

To learn more about Binance Labs, click here.

Other key partners who support the Oasis Ecosystem Fund include:

• FBG
• Hashed
• Jump Capital
• NGC Ventures
• Draper Dragon
• Electric Capital
• Kenetic Capital
• Pantera Capital
• AME Cloud Ventures
• Dragonfly Capital Partners