Oasis Network launching 160 million dollars worth development fund

Oasis Network launching 160 million dollars worth development fund


The Oasis Foundation, a renowned developer group, has just recently launched a promising 160 million dollars fund based on the Oasis ecosystem network that will help in the development of projects with a lot of potential and valuation. The Oasis network is a blockchain-based ecosystem that focuses on data economy and decentralized finance (DeFi). 


The sole purpose of initiating this funding is to attract new developers who can work on decentralized finance, metaverse, data tokenization and non-fungible tokens. The Oasis foundation has furthermore confirmed that existing projects on the Oasis network, as well as startups, can also apply for grants. 


The ecosystem is financially being supported by other leading blockchain venture funds other than the Oasis foundation. To name some of them FBG, AME Cloud Ventures, Jump Capital, Draper Dragon Fund, Dragonfly Capital Partners, Electric Capital, NGC Ventures, Kenetic Capital, Pantera Capital, etc. 


Despite having the gas fees, Ethereum continues to dominate the market. But Oasis market itself as the better option than the EThereum ecosystem. The mainstream developers of Oasis have come to the limelight several times since 2018 after they raised 45 million dollars to build a specific cloud computing blockchain with privacy features.

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