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Web3 Blockchain Gaming Project Oasys closes strategic funding round with participation of Galaxy Interactive and Nexon – Blockchain Bitcoin News
Oasys, a Gamefi-oriented Web3 blockchain project, has announced that it has closed a strategic funding round led by Galaxy Interactive, a VC firm, and Nexon, a gaming company. The round, the number of which was not disclosed, will allow the company to improve its ecosystem by expanding the pool of partners to bring blockchain games to mainstream audiences.
Oasys closes strategic funding round to expand ecosystem
Oasys, a Japan-based game-oriented blockchain project, announced the completion of a strategic financing round on December 6, with the participation of Galaxy Interactive, an entertainment-oriented venture capital firm, and Nexon, a South Korean game company. Other companies including Presto Labs, MZ Web3 Fund, Hyperithm, Jets Capital, Jsquare, AAG, YJM Games and Chainguardians also participated in the round.
Although the company did not share the amount raised during this round, it informed that they will be used to improve the ecosystem, strengthen the validator network and expand the partner network. Oasys believes that this new funding round will also create new business opportunities in the sector.
While the crypto and blockchain sector was affected by the demise of FTX, the cryptocurrency exchange, Oasys’ CEO Daiki Moriyama believes this presents an opportunity to build real decentralized structures. Moriyama stated:
In the wake of the recent events in the Web3 industry, it has emphasized the importance of building a decentralized and robust business – a prerequisite for creating quality games and game content.
Furthermore, Moriyama explained that the company aims to rely on this element, the decentralization and the support of all the partners in the ecosystem to produce “a new breed of blockchain games with the gameplay and the unique experience that the community wants.”
Token sale successful
Oasys’ token sale, which was open until December 4, reached its funding goal in less than 12 hours, according to reports. It received participation from investors in 60 countries, although Oasys is still in the main network launch phase.
In the past, the company has registered support from other Japanese gaming powerhouses, such as Sega, Square Enix and Bandai Namco, and international gaming companies such as Ubisoft, which act as validators for Oasys’ blockchain. Square Enix also reported investigating the development of blockchain-based games as part of the partnership established with Oasys in September. Sega is already producing its first licensed blockchain game, which will use Oasys as part of its service structure.
What do you think of the latest Oasys funding round? Tell us in the comments section below.
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