Oasys, a Japan and Singapore-based company focused on developing blockchain games, has secured a $20 million investment from a cryptocurrency leader.
Compared to traditional financing methods in the past, this financing adopts a private token sale, led by Republic Capital, a blockchain financing and investment platform.
In this round of funding, these funds will be used to enhance partnerships with new and existing game developers, digital asset exchanges, and other companies in the gaming and crypto ecosystem.
“Oasys is shaping the future of blockchain games and leading the charge by bringing legacy gaming IPs on-chain. We believe it was only a matter of time before the gaming giants like Bandai adopted blockchain technology and are impressed by the domain expertise of the Oasys founders,” said by the founder of Republic Capital, Brian Johnson.
In addition, the funds raised this time will also be used to expand its talented team and support future game marketing and business development.
Other investors included Jump Crypto, Crypto.com, Huobi, Kucoin, Gate.io, bitbank, and Mirana Ventures, participated in this round of funding.
Oasys is an eco-friendly blockchain built for the gaming community, providing users with fast transactions and zero gas fees.
In June, Oasys and Consensys formed a strategic partnership to create a better end-to-end blockchain gaming experience.
Oasys is actively listing its tokens on several of the most prominent cryptocurrency exchanges and is leading the way in blockchain gaming by bringing traditional gaming IPs on-chain.
Konvoy Ventures, a venture capital startup, has announced the launch of its Konvoy Ventures Fund III as it looks to deepen its feet in the Web3.0 gaming ecosystem.
Image source: Shutterstock
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