Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon

Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon

Oasys, a Gamefi-oriented Web3 blockchain project, has announced it has closed a strategic funding round led by Galaxy Interactive, a VC firm, and Nexon, a gaming company. The round, whose numbers were not disclosed, will allow the company to enhance its ecosystem by expanding its pool of partners to take blockchain gaming to mainstream audiences. Oasys Closes Strategic Funding Round to Expand Its Ecosystem

Oasys, a Japan-based, gaming-oriented blockchain project, announced the completion of a strategic funding round on Dec. 6, with the participation of Galaxy Interactive, an entertainment-oriented venture capital company, and Nexon, a South Korean gaming company. Other companies, including Presto Labs, MZ Web3 Fund, Hyperithm, Jets Capital, Jsquare, AAG, YJM Games, and Chainguardians, also participated in the round.

While the company did not share the amount of funds raised during this round, it did inform that they will be used to enhance its ecosystem, strengthen its validator network, and also expand its partners network. Oasys believes that this new funding round will also be able to create new business opportunities in the sector.

While the crypto and blockchain sector was affected by the demise of FTX, the cryptocurrency exchange, Oasys’ director Daiki Moriyama believes that this constitutes an opportunity to build real decentralized structures. Moriyama stated: The wake of the recent incidents in the Web3 industry have emphasized the importance of building a decentralized and robust business — one premised on creating quality games and gaming content.

Furthermore, Moriyama explained the company aims to rely upon this element, the decentralization, and the support from all the partners in its ecosystem to produce “a new breed of blockchain games with the gameplay and unparalleled experience the community desires.” Token Sale Successful

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

Previously, the company has enrolled the support of 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 reportedexamining 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, that will use Oasys as part of its service structure. Tags in this story Blockchain, Daiki Moriyama, funding round, Galaxy Interactive, GameFi, Gaming, nexon, oasys, South Korea, VC, Web3

What do you think about the recent Oasys funding round? Tell us in the comments section below. Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved. Spanish Soccer League Laliga Will Certify Goal Scoring Balls Using Blockchain Tech BLOCKCHAIN | 1 day ago Game7 Launches $100 Million Grants Program to Push Web3 Gaming Development BLOCKCHAIN | 7 days ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin, Ethereum Technical Analysis: ETH Falls Below $1,300 Following Monday’s False Breakout Next articleBiggest Movers: LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week High Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTony Hawk"s Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design