Oasys Closes Funding Round Days After Successful Token Sale
Oasys, a GameFi-focused Web3 blockchain project, has closed a successful strategic fundraising round backed by Galaxy Interactive, a VC firm, and Nexon, a South Korean gaming powerhouse. However, the company did not disclose the amount raised during this round. The company intends to use the funds raised to strengthen its validator network and also expand its overall ecosystem.
To further its mission to bring blockchain-based games to a wider audience, the round will also help the company to strengthen its ecosystem by increasing the number of partners at its disposal. Oasys further anticipates that the completion of this investment round would allow them to explore new opportunities for the company in the market.
Strategic funding round aside, Oasys has also announced the successful end of its public token sale. The sale, which ran from 30 November 2022 to 4 December 2022, had its funding goal surpassed within 12. Furthermore, participants from 60 nations committed to the course.
What next for Oasys?
And the business hopes to create “a new breed of blockchain games with the gameplay and unrivalled experience the community craves.” To do this, it will be relying on decentralization and the cooperation of all the partners in its ecosystem.
Richard Kim, General Partner, Galaxy Interactive, said: “We’re thrilled to join the Oasys community and work alongside passionate publishers, developers, and crypto-native partners to bring legacy gaming IPs on-chain and execute this vision.”
Oasys is able to devote all of its resources to expanding its ecosystem and improving the user experience because it has such solid backing from reputable institutional investors. For instance, when it comes to venture capital investments, Galaxy Interactive is among the most prolific players in the gaming, virtual reality, and digital identity space. Its portfolio is diverse, with stakes in 100+ firms and AUM of around USD 800 million.