The Oasis Ecosystem Fund
The Oasis Ecosystem Fund reaches $235 million and will be used to invest in projects building on the Oasis Network.
The Oasis Ecosystem Fund continues to expand rapidly with an additional $35 million contribution from various new investors including Newman Capital, Seven X Ventures, and others. The injection of new capital takes the Oasis ecosystem to a massive $235 million — among the largest and strongest in the industry.
Oasis Protocol Will Be Focus On:
Oasis is focus on helping developers to grow in the field of:
- DeFi
- NFTs
- Crypto Gaming
- Metaverse
- Tokenization of Data
- Data DAO
- Data Governance
- Privacy Applications
“We are delighted to have received further contributions to our Ecosystem Fund from valued investors. Their belief in our vision will help projects building on Oasis to advance Web 3.0 and drive blockchain technology forward.”— Jernej Kos, Oasis Foundation Director
Additionally, the Oasis Ecosystem Fund has received dozens of applications for funding. One of these projects is YuzuSwap, a decentralized exchange (DEX) that includes incentives for liquidity as well as trade mining. The platform has received around $2 million from the foundation. YuzuSwap went live on Oasis Emerald, the EVM-compatible ParaTime in January 2022, and has already seen significant growth, surpassing $1 Billion in trading volume in less than a month.
Furthermore, by bringing privacy and scalability to DeFi, the Oasis Network expands DeFi beyond early adopters to a mass market. It enables private smart contracts, high scalability, and the ability to tokenize data. As a result, this unlocks new use cases like private lending, undercollateralized loans, as well as private automated market makers.
Moreover, the Oasis Network’s unique combination of confidential computing and blockchain enables a new paradigm called Tokenized Data. Furthermore, with Tokenized Data users can earn rewards by staking their data with apps that want to analyze it or control how their most sensitive information is consumed by the services they use.
Additionally, Oasis Network can power private, scalable DeFi. Its unique privacy features allow individuals to maintain data rights and make money from their data, all while retaining control and privacy.
Conclusion
The Oasis Network has a thriving community of close to a thousand node operators, developers, enterprise partners, ambassadors, as well as nearly ten thousand community members engaged in global social channels.
To apply for Ecosystem Funding, click here.
ABOUT Oasis Protocol
Oasis Network is the leading privacy-enabled and scalable layer-1 blockchain network to propel Web3 forward. Layer 1 decentralized blockchain network designed to be uniquely scalable, privacy-first as well as versatile.
RESOURCES
Medium
