Oasis Ecosystem Fund Hits $200M After Binance Labs’ Investment

The money will be used to invest in the next wave of applications on Oasis network and support ecosystem growth, Linda Lu, head of ecosystem at Oasis said in an interview with Blockworks

article-image

Blockworks exclusive art by Axel Rangel

share

key takeaways

  • The fund is now up 25% from $160 million in November
  • “Since we launched in mid-November we have received tons of applications from the community entrepreneurs and founders who want to build projects on the network,” Lu said

An extra $40 million was added to the Oasis Ecosystem Fund, just two months after it was launched, to help build decentralized applications for DeFi, NFTs, the metaverse and more on the Oasis network, according to an announcement Tuesday. 

The fund is now $200 million, up 25% from $160 million in November, after Binance Labs announced its participation in the fund, Linda Lu, head of ecosystem at Oasis said in an interview with Blockworks. 

The capital will be used to invest in the next wave of applications on the network and support ecosystem growth, Lu said. 

The Oasis ecosystem
The Oasis Ecosystem Source; Oasis

Binance Labs is the venture capital and innovation incubation subsidiary of cryptocurrency exchange company Binance. It has invested in over 100 projects across the blockchain ecosystem, according to its website. 

Linda Lu

Oasis Network is a layer-1, proof-of-stake, decentralized network designed to enable data privacy within DeFi, dApps, NFTs, DAOs and other Web3 applications. 

Other participants who previously invested in the fund include AME Cloud Ventures, Dragonfly Capital Partners, Draper Dragon, Electric Capital, FBG, Jump Capital, Hashed, Kenetic Capital, NGC Ventures, Pantera Capital and Oasis Foundation.

“Since we launched in mid-November, we have received tons of applications from the community entrepreneurs and founders who want to build projects on the network,” Lu shared. 

In recent weeks, Oasis partially funded YuzuSwap, the first decentralized exchange (DEX) built on its network, she said. 

“From our perspective, we want to provide the best infrastructure for dApp developers and allow them to be successful,” Lu said. “We want to grow the ecosystem for the first half of the year and in the second half of [2022], build a community that will attract institutional investors to the DeFi space,” she added.


Get the day’s top crypto news and insights delivered to your inbox every evening. Subscribe to Blockworks’ free newsletter now.


Tags

Upcoming Events

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (5).png

Research

Outside of stablecoins, the value of tokenized assets sits below $20B, dominated by the following asset classes: private credit, US Treasuries, commodities, institutional alternative funds, stocks, non-US government debt, and corporate bonds. In the coming months, we see the greatest opportunities in the tokenization of illiquid markets, particularly private equity. However, the successful integration of offchain assets into blockchain ecosystems relies heavily on clear and consistent regulatory frameworks, with purpose-built infrastructure to support it.

article-image

Markets react to Fed Chair Jerome Powell’s comments at yesterday’s FOMC meeting

article-image

At DAS, the US president noted he’s called upon Congress to enact “simple, common-sense rules” for stablecoins and market structure

article-image

GDC shows us crypto game developers feel a bit down despite lavish parties and packed crypto side events

article-image

What a Pyth/Morpho/Re7 debacle says about decentralized accountability

article-image

At DAS, VanEck’s Matthew Sigel weighed in on a market that’s “90% flows and 10% fundamentals”

article-image

The first sitting president to address a crypto conference says the US is positioned to “dominate crypto and the next generation of financial technologies”