November 26, 2022

NFT Oasis Raises $4.4 Million in First Funding Round to Combine NFTs with DeFi and VR

2 min read


  • NFT Oasis finishes a$4.4 million first-round funding from top blockchain investors. The funding will empower NFT content developers by integrating the power of virtual reality (VR), decentralized finance(DeFi), and NFTs. Reported Thursday, top NFT market, NFT Oasis, completed a $4.4 million financing round led by 32 core investors including Leminscap, CitizenX Crypto Ventures, FlamingoDAO, and ID theory. The funding intends to improve the creation of non-fungible tokens (NFTs) by integrating DeFi and VR providing artists “more creative liberty, business control, and financial success,” the statement checks out.

    Other investors in this round consist of Delphi Digital INFINFT and gmoneyNFT, Intellectus Partners, Koji Capital, Mechanism Capital, OzoneX, Stateless Ventures, The LAO, and Brad Stephens, Managing Partner at Blockchain Capital.

    NFT Oasis is a decentralized platform giving numerous artists, musicians, and contributors a platform to display their art, host gallery exhibits, and interact with other creatives worldwide. The platform offers a virtual experience to the users while linking the designers and programmers to creators.

    As such, the requirement for VR on NFT Oasis will enhance its objectives in using the best virtual experiences for their users. Since the start of Q2, the platform saw over 200 creatives host events and connect in virtual truth with their fans and display their art across multiple nations.

    “I see this as unbelievable opportunity to release an abundant creator economy,” stated Will O’Brien, Co-founder and CEO of NFT Oasis. “Artists form our cumulative culture and move generations forward. With NFTs, DeFi, and VR, we can interrupt the existing models that exploit creators, and rather sustain a transformation that will lead to the next renaissance.”

    Serial entrepreneur, O’Brien thinks the funding will enhance the VR experience and designs boosting adoption and user acquisition.

    The declaration further validated NFT Oasis remains in a collaboration with AltspaceVR, a social VR platform owned by Microsoft. The partnership permits users to directly connect to NFT Oasis live or tape-recorded occasions from their Oculus VR headset and PC/Macbooks.

    The post NFT Oasis Raises $4.4 Million in First Funding Round to Combine NFTs with DeFi and VR appeared initially on Coingape.