{"id":368437,"date":"2021-11-17T17:00:00","date_gmt":"2021-11-17T14:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/oasis-foundation-launches-160m-development-fund\/"},"modified":"2021-11-17T17:00:00","modified_gmt":"2021-11-17T14:00:00","slug":"oasis-foundation-launches-160m-development-fund","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/oasis-foundation-launches-160m-development-fund\/","title":{"rendered":"# Oasis Foundation launches $160M development fund"},"content":{"rendered":"<p>&#8220;<strong># Oasis Foundation launches $160M development fund  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Developer group Oasis Foundation has launched a $160 million ecosystem fund to bootstrap promising projects building on top of Oasis Network, a privacy-enabled blockchain with a focus on decentralized finance (DeFi) and the so-called data economy.<\/p>\n<p>The fund was established to attract new developers to the Oasis Network so that they can build the next generation of decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications that support DeFi, nonfungible tokens, data tokenization and the metaverse, Oasis Foundation announced Wednesday. Startups and existing projects building on Oasis Network are both eligible to receive grants, the Foundation confirmed. <\/p>\n<p>In addition to Oasis Foundation\u2019s contributions, the ecosystem fund was financed by several leading blockchain venture funds, including AME Cloud Ventures, Dragonfly Capital Partners, Draper Dragon Fund, Electric Capital, FBG, Jump Capital, Kenetic Capital, NGC Ventures and Pantera Capital, among others. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Alexis Ohanian, Solana Ventures launch $100M Web 3.0 growth fund<\/em><\/strong><\/p>\n<p>Through its ParaTime scaling architecture, Oasis Network is marketing itself as a much cheaper alternative to Ethereum, whose exorbitant gas fees continue to be a source of concern for users. Despite the high gas fees, Ethereum remains the most active developer community within DeFi by a wide margin. Currently, Ethereum <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/chains\">accounts<\/a> for over $170 billion of the total value locked across all of DeFi. Binance, the second-largest chain, has over $19.3 billion in total value locked. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/d843384e-2dde-4f04-b155-08492f010c9a.png\"><figcaption style=\"text-align: center;\"><em>Total value locked across all chains. Ethereum in dark blue. Source: DeFiLlama.<\/em><\/figcaption><\/figure>\n<p>The developers behind Oasis have shifted focus several times since 2018 when they raised $45 million to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newswire.ca\/news-releases\/oasis-labs-raises-45-million-to-launch-privacy-first-cloud-computing-on-blockchain-687634581.html\">build<\/a> a \u201cprivacy-first cloud computing blockchain.\u201d As Cointelegraph reported, the pivot towards DeFi appears to have materialized during the mainnet launch in the fourth quarter of 2020. Nevertheless, the project has maintained a strong focus on scalability and data tokenization, which it says can unlock several use cases for blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/oasis-foundation-launches-160m-development-fund\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Oasis Foundation launches $160M development fund &#8221; Developer group Oasis Foundation has launched a $160 million ecosystem fund to bootstrap promising projects building on top of Oasis Network, a privacy-enabled blockchain with a focus on decentralized finance (DeFi) and the so-called data economy. The fund was established to attract new developers to the Oasis&#8230;<\/p>\n","protected":false},"author":1,"featured_media":368438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvZGRiN2YxMzQtMmE3Yy00OGRhLTg3ZGYtOTFlMTEwMmI0MzViLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75719,117,73821,71745],"class_list":["post-368437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-funding","tag-business","tag-developers","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=368437"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/368438"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=368437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=368437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=368437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}