Oasys, a Web3-oriented blockchain project, announced the closure of a strategic investment round led by Galaxy Interactive, a venture capital firm, and Nexon, a gaming company. The amount of the investment was not disclosed. The company plans to use the funds to expand its network of partners and bring blockchain gaming to the public.
Oasys Acquires Strategic Investment for Ecosystem Expansion
Oasys, a Japanese blockchain-based gaming project, announced the successful completion of its strategic investment round on December 6. Galaxy Interactive?, a venture capital firm focused on entertainment, and Nexon, a South Korean gaming company, were the main investors. Other participants in the round included Presto Labs, MZ Web3 Fund, Hyperithm, Jets Capital, Jsquare, AAG, YJM Games, and Chainguardians.
Although the exact amount of the investment was not disclosed, Oasys stated that the funds will be used to strengthen its ecosystem and validate its network, as well as to expand its partner network. The team believes that this round of funding could create new business opportunities.
Daiki Moriyama, CEO of Oasys, commented on the news, stating that recent events in the Web3 industry have highlighted the importance of building a strong, distributed business based on the creation of quality games and content. He added that the company is striving to rely on decentralization and support from its partners to create a new generation of blockchain games with the unparalleled gameplay and experience that the community desires.
Successful Token Sale
The Oasys token sale took place from December 4-6. According to reports, the project was able to raise its funding goal of 4, in less than 12 hours. Investor participation was recorded in over 60 countries. Oasys is still in the early stages of its mainnet.
Oasys has previously received support from Japanese gaming powerhouses such as Sega, Square Enix?, Bandai Namco, and international gambling companies such as Ubisoft. These serve as validators of the Oasys blockchain. In September, Square Enix announced that it was exploring blockchain-based gaming development as part of its partnership with Oasys. Sega is already producing its first licensed blockchain-based game, which will be integrated into the Oasys service architecture.
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