Oasys, which is a Japan-based company that develops blockchain games, received $20 million from a crypto leader.
This financing is different from traditional methods of financing in the past. It adopts a private token sale, led Republic Capital, a Blockchain financing and investment platform.
These funds will be used in this round to strengthen partnerships with existing and new game developers, digital assets exchanges, as well as other companies within 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.
The funds raised will be used to support future game marketing, business development, and the expansion of its talented team.
Jump Crypto and Crypto.com were other investors. KucoinParticipating in this round were Gate.io and bitbank as well as Mirana Ventures.
Oasys is a green-friendly blockchain that was created for the gaming community. It allows users to make fast transactions and pay no gas fees.
Oasys was joined by Consensys in June to offer a better, end-to-end experience for blockchain gaming.
Oasys has its tokens listed on several prominent cryptocurrency exchanges. Oasys is leading the way for blockchain gaming with traditional gaming IPs being brought on-chain.
Konvoy Ventures, a new venture capital startup, announced the launch Konvoy Ventures Fund III. This fund will help it to get more involved in the Web3.0 game ecosystem.