Web3 Oasys Blockchain Gaming Project Closes Strategic Funding Round with Galaxy Interactive and Nexon Participating – 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 venture capital firm, and Nexon, a gaming company. The round, whose numbers were not disclosed, will allow the company to improve its ecosystem by expanding its group of partners to bring blockchain gaming to the general public.

Oasys closes strategic financing round to expand its ecosystem

Oasys, a Japan-based gaming-oriented blockchain project, announced the completion of a strategic funding 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 of funds raised during this round, it did inform that they will be used to improve its ecosystem, strengthen its validator network, and also expand its partner network. Oasys believes that this new round of financing may also create new business opportunities in the sector.

While the cryptocurrency and blockchain sector was affected by the demise of FTX, the cryptocurrency exchange, the director of Oasys, Daiki Moriyama, believes that this constitutes an opportunity to build real decentralized structures. Moriyama stated:

The wake of recent incidents in the Web3 industry has emphasized the importance of building a strong, decentralized business, based on creating quality games and game content.

Furthermore, Moriyama explained that the company aims to rely on this element, decentralization, and support from all partners in its ecosystem to produce “a new generation of blockchain games with the unprecedented gameplay and experience that the community want”.

Successful Token Sale

The Oasys token sale, which was open until December 4, reached its funding goal in less than 12 hours, according to reports. It has received participation from investors in 60 countries, even as Oasys is still in the launch stages of its main network.

The company has previously garnered support from other Japanese gaming powerhouses, such as Sega, Square Enix, and Bandai Namco, and international gaming companies such as Ubisoft, which serve as validators for the Oasys blockchain. Square Enix also reported that it looked into blockchain-based game development as part of the partnership established with Oasys in September. Sega is already producing its first licensed blockchain game, which Oasys will use as part of its service structure.

What do you think of the recent round of funding for Oasys? Tell us in the comment section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as someone who was late to the game, entering the cryptosphere when the price spike occurred in December 2017. With a background in computer engineering, living in Venezuela and being impacted by the rise of cryptocurrencies on a societal level, offers a different point of view. about the success of cryptocurrencies and how he helps the unbanked and underserved.

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