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Oasis Foundation

The Oasis Ecosystem Fund Reaches $235 Million

The Fund now has $235 million available to invest in projects building on the Oasis Network.

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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 Fund to a massive $235 million — among the largest and strongest in the industry.

With a focus on innovation, the Oasis Ecosystem Fund is dedicated to helping founders and projects build on the network to power future DApps. These include:

  • DeFi
  • NFTs
  • Crypto Gaming
  • Metaverse
  • Data Tokenization
  • Data DAO
  • Data Governance
  • Privacy Applications

Jernej Kos, Oasis Foundation Director, said: “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.”

To date, the Oasis Ecosystem Fund has received dozens of applications for funding. YuzuSwap, a decentralized exchange (DEX) that includes incentives for liquidity and trade mining, has received around $2 million from the Oasis Ecosystem Fund. It 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.

To apply for Ecosystem Funding, click here.

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A better internet is only a matter of time. The Oasis network is trying to fix what’s broken by giving users back control of their data using a combination of secure compute and a proof-of-stake blockchain.

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