Oasis Foundation Launches $160M Fund for DeFi, NFTs, Metaverse and More

The fund will focus mainly on DeFi, NFTs, metaverse, data tokenization, data DAO, data governance, and privacy applications to power the next wave of developers, Linda Lu, head of ecosystem at Oasis said in an interview with Blockworks.

article-image

Blockworks exclusive art by Axel Rangel

share
  • Oasis Network is a layer-1 decentralized blockchain network designed to enable data privacy within DeFi, dApps, NFTs, DAOs and other Web3 applications
  • Across the board, Oasis Network currently has over 50 dApps in the integration pipeline

Oasis Foundation is launching a $160 million Ecosystem Fund to help build decentralized applications, or dApps, on its Oasis Network. 

The fund will support both new and existing projects building on Oasis Network and focus mainly on DeFi, NFTs, metaverse, data tokenization, data DAO, data governance, and privacy applications to power the next wave of developers, Linda Lu, head of ecosystem at the foundation, said in an interview with Blockworks. 

”Those (areas) will generate, and have proven to generate, strong momentum,” Lu said. “We do see very promising futures here in those spaces,” Lu said. 

The launch is with participation from AME Cloud Ventures, Dragonfly Capital Partners, Draper Dragon Fund, Electric Capital, FBG, Jump Capital, Kenetic Capital, NGC Ventures, Pantera Capital and Oasis Foundation, among others. 

Oasis Network is a layer-1 decentralized blockchain network designed to enable data privacy within DeFi, dApps, NFTs, DAOs and other Web3 applications, Lu said. Across the board, Oasis Network currently has over 50 dApps in the integration pipeline, Lu added. 

Compared to Ethereum, Oasis Network states it improves the usability of DeFi and expands it beyond traders and early adopters through 99% lower gas fees than Ethereum, protection of sensitive information, defense against miner extractable value, or MEV and other elements, the company said.

“I think DeFi has primarily crypto enthusiasts but once we have the MEV problem figured out then we can bring a more broader institutional money in — that’s something we’re hoping for,” Lu said. 

In the future, Lu said she hopes the “Ecosystem Fund will continue to grow and support future founders with high momentum applications that can gain traction on Oasis Network.” 


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


Tags

    Decoding crypto and the markets. Daily, with Byron Gilliam.

    Upcoming Events

    Javits Center North | 445 11th Ave

    Tues - Thurs, March 24 - 26, 2026

    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 (19).png

    Research

    Built on Solana, Loopscale is an orderbook-based lending protocol that pairs the efficiency of direct market matching with the flexibility and UX of modular protocols. We believe Loopscale can help scale NNAs in Solana DeFi and act as their foundational credit layer. Stablecoin deposits and select USD-pegged Loops on Loopscale are offering competitive yields, with an additional upside from farming the protocol and adjacent ecosystem projects (e.g., OnRe, Hylo) for potential future airdrops.

    article-image

    What does Uniswap’s proposal to activate protocol fees and unify incentives mean for UNI token holders?

    article-image

    A recent mistrial illustrates how juries need more background information when it comes to judging complex systems like Ethereum

    article-image

    The Senate advanced a bipartisan funding package aimed at ending the shutdown, and bitcoin rose from its $100K bottom

    article-image

    The team is betting that a 20-minute hardware trust window beats a new alt-L1

    article-image

    To learn how to navigate the physical world, robots need visual data

    article-image

    Risks and illiquidity come to surface in the wake of a red October