Oasys nabs funding from Galaxy Interactive and Nexon, eyes expansion

Oasys, an eco-friendly blockchain built for the gaming community, has recently announced that it has completed a strategic funding round. Apparently, South Korean gaming giant Nexon, Galaxy Interactive, the firm behind the hit gaming franchises, Dungeon Fighter Online and MapleStory, as well as MZ Web3 Fund, Presto Labs, Jets Capital, Jsquare, AAG, Hyperithm, YJM Games, and ChainGuardians also participated in the round.

The main goal of this strategic funding is to amplify Oasys’ ecosystem by expanding its pool of gaming partners and strengthening its validator network. The partnerships commenced with the investor via the strategic round will also play a key role in creating additional opportunities for the expansion of Oasys, along with its different stakeholders.

Speaking on the latest move, Daiki Moriyama, Director of Oasys, stated that following the recent events in the Web3 industry, the emphasis has been on the importance of developing a decentralized and robust business that is prefaced on building quality games and gaming content. Daiki further stated that with the support and beneficial expertise of foremost game developers, the leading institutional backers in Web 3, and individual investors from all over the world, the firm plans to introduce a new breed of blockchain games with the gameplay and incomparable experience the community seeks.

After the funding, Oasys also announced its public token sale completion conducted from 30 November 2022 to 4 December 2022, which assisted it in attaining its funding goal within a time span of 12 hours, with commitment from nearly 60 nations.

For the record, Oasys’ public token sale is a breakthrough as it empowers the public (apart from US-based investors) to invest in the firm for the first time. In early 2022, the company also completed a US$20 million private token sale round, headed by Republic Crypto, and declared its Mainnet launch in October.

Source credit – https://sg.finance.yahoo.com/news/oasys-completes-strategic-funding-round-010000204.html

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Puja More

Puja More holds a graduate degree in Computer Science from the University of Pune. Nurturing her passion of playing with words however, Puja undertook content writing as a career path and boasts of rich experience in content production, copywriting, and digital marketing. Presently, Puja writes articles on technology, business, and healthcare for playthemusic.biz and a few similar portals.