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 (27).png

    Research

    Solana's spot trading landscape will remain bifurcated: prop AMMs will own the short-tail of highly liquid pairs, while passive AMMs continue drifting toward the long-tail. Both can win via vertical integration, but in opposite directions: passive AMMs are moving closer to users through token issuance platforms (e.g., Pump-PumpSwap, MetaDAO-Futarchy AMM), while prop AMMs are moving down the stack into transaction landing services and infrastructure (e.g., HumidiFi-Nozomi). The venues most at risk are legacy AMMs with limited end-user control and no durable, launch-driven source of order flow.

    article-image

    BTC finished the week up 1.6%, while L2s, RWAs and the treasury trade continued to grind lower

    article-image

    DTCC moves DTC-custodied Treasuries onchain via Canton, while Lighter’s LIT launches trading at a fees multiple in Hyperliquid territory

    article-image

    In the 90s, rapt audiences worldwide watched a coffee pot — will that fascination ever turn to crypto?

    article-image

    Some systems improve by failing — and crypto has no choice

    article-image

    Yield Basis introduces an IL-free AMM design that already dominates BTC DEX liquidity

    article-image

    Maybe tokenholders don’t need the rights that corporate shareholders have come to expect

    Newsletter

    The Breakdown

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

    Blockworks Research

    Unlock crypto's most powerful research platform.

    Our research packs a punch and gives you actionable takeaways for each topic.

    SubscribeGet in touch

    Blockworks Inc.

    133 W 19th St., New York, NY 10011

    Blockworks Network

    NewsPodcastsNewslettersEventsRoundtablesAnalytics