Introducing the $160 Million Oasis Ecosystem Fund
Oasis is thrilled to introduce a substantial $160 million Oasis Ecosystem Fund. Supported by top industry backers, the Oasis Ecosystem Fund is dedicated to helping founders and projects build on the Oasis Network and Ecosystem.
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Oasis is thrilled to introduce a substantial $160 million Oasis Ecosystem Fund. Supported by top industry backers, the Oasis Ecosystem Fund is dedicated to helping founders and projects build on the Oasis Network and Ecosystem.
The $160 million investment comprises contributions from several key partners. Some of the partners who invested in the Ecosystem Fund are:
- AME Cloud Ventures
- Dragonfly Capital Partners
- Draper Dragon
- Electric Capital
- FBG
- Hashed
- Jump Capital
- Kenetic Capital
- NGC Ventures
- Oasis Foundation
- Pantera Capital
Unlocking DeFi
The Ecosystem Fund will power the next wave of Oasis applications, such as DeFi, NFTs, Metaverse, data tokenization, data DAO, data governance and privacy applications, and more. These Projects will be empowered by unique capabilities of Oasis technology. Oasis Network is scalable and ideal for DeFi due to its instant finality, 99% lower gas fees versus Ethereum, high throughput, privacy protection and defense against MEV.
Jerry Yang, Co-Founder of Yahoo and Founding Partner of AME Cloud Ventures, said: “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.”
The investment will be allocated to support both new startups and existing projects currently building on Oasis. Oasis has an already established partner ecosystem with collaborations in place with companies like Genetica, Nebula, Cryptosafe Alliance by Binance, BMW and many more. It boasts the largest Layer-1 Blockchain University Program, and over 300 teams have applied to the ongoing Oasis Grants Program during the past year.
Haseeb Qureshi, Managing Partner of Dragonfly Capital, added: “We are very excited to participate in the ecosystem fund that will support talent to build upon Oasis. We believe in the technology powered by Oasis and the community behind the project. Their unique mix of privacy and scalability make it exceptionally suited for building the next generation of DeFi.”
A developer ready, innovative blockchain platform with both scalability and privacy
Oasis is one of the fastest-growing projects in blockchain, with over 110 validator nodes actively running on the network and a growing community of 100,000+ members.
Oasis is achieving important milestones with current and upcoming launches of:
- Successful network upgrade via an on-chain governance mechanism with over 85% participation
- Cipher ParaTime, a confidential Smart Contract platform to enable private DeFi and privacy DApps
- Parcel Paratime that enables data tokenization and responsible data economy
- Emerald, the official EVM compatible ParaTime, dedicated to DeFi, NFT, and Metaverse
- YuzuSwap, the first DEX built on the Oasis network
- Two lending protocols, currently in development
Jernej Kos, Director of the Oasis Foundation, said: “We are thrilled to work with longtime supporters of Oasis to build, cultivate and grow the ecosystem. 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.”
Oasis’s built-in privacy features are designed to support confidential Smart Contracts. Privacy is crucial for DeFi to be able to have more stakeholders migrate from CeFi to DeFi.
Tony Gu, Founding Partner of NGC Ventures said: “Oasis has a stellar team and unique technology. As an early investor of Oasis, we strongly believe in its vision and will help grow its ecosystem. This is why we decided to participate in the Ecosystem Fund.”
Interested teams can learn more on our website here
About Oasis
Oasis is the leading privacy-enabled, layer-1 blockchain network. Combined with its high throughput, low gas fees and secure architecture, the Oasis Network is able to power scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. Oasis has many key backers including Andreessen Horowitz, Polychain, Pantera, Dragonfly, and Binance Labs.
