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A Web3 blockchain project named Oasys recently announced the end of a strategic funding round that had been led by a venture capitalist firm, Galaxy Interactive, and gaming company Nexon.
The Gamefi-oriented project did not disclose any numbers associated with the funding round but did say that it would come in handy for enhancing their ecosystem.
It would be able to do so through the expansion of its pool of partners which would allow them to give mainstream audiences access to blockchain gaming.
Funding round complete
Based in Japan, the gaming-oriented blockchain project made the announcement about the end of the strategic funding round on December 6th.
The venture capital company named Galaxy Interactive which participated in the said round is also entertainment-oriented. As far as Nexon is concerned, it is a gaming company based in South Korea.
Some of the other participants in the funding round included Chainguardians, YJM Games, Jsquare, Jets Capital, Hyperithm, MZ Web3 Fund, Presto Labs and AAG.
The company did not disclose the amount of money they were able to raise through the funding round, but it did disclose that it would use the funds for giving its ecosystem a boost.
In addition, they would be utilized for strengthening their validator network and expanding their partners network.
According to Oasys, the new funding round would also come in handy for creating new business opportunities for the company in this space.
Decentralized structures
The collapse of the FTX crypto exchange has shaken the entire crypto space and almost every aspect has been affected in one area or the other.
The blockchain and crypto space may have taken a hit, but Daiki Moriyama, the director of Oasys, believes that this provides an opportunity of building actual decentralized structures.
Moriyama said that the recent incidents that had taken place in the Web3 industry had highlighted just how important it is to build decentralized structures and a robust business.
He believes that the best approach to deal with this task is by creating quality gaming content and games.
In addition, Moriyama said that the company intends to make use of decentralization as well as everyone who is part of the ecosystem for developing a new kind of blockchain game.
These would be able to provide people with unparalleled experience and gameplay that they have not seen before.
Successful token sale
The token sale conducted by Oasys had been open until December 4th and reports indicate that it had taken only 12 hours for it to hit its funding goal.
Even though the project has not launched its mainnet fully, it was still able to attract the attention of investors spread across 60 countries around the globe.
The company has also received the support of some gaming powerhouses in Japan, such as Bandai Namco, Square Enix and Sega.
Likewise, even international gaming firms like Ubisoft have also taken an interest and they are validators of the company’s blockchain.
Back in September, Square Enix had also disclosed that it was looking into developing games based on the blockchain as part of its Oasys partnership.
Sega is also introducing its first game based on the blockchain and has already made use of the services of Oasys in order to do so.
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