Oasys Raises New Funds in Round Headed by Jsquare, Galaxy Interactive and Nexon

Oasys, a gaming-optimized blockchain designed by gamers for gamers, has completed a successful strategic fundraising round headed by Galaxy Interactive and Nexon, the South Korean gaming conglomerate behind blockbuster franchises MapleStory and Dungeon Fighter Online. Jsquare, a Web3 development VC fund with over $150 million in AUM co-founded by James Wo of Digital Finance Group, completed the investment. Presto Labs, MZ Web3 Fund, Hyperithm, Jets Capital, AAG, YJM Games, and ChainGuardians are among the other donors.

The strategic fundraising round allows Oasys to improve its ecosystem by extending its pool of gaming partners and boosting its validator network.

The strategic round alliances formed with the investors will also continue to generate more prospects for the expansion of Oasys and its many stakeholders.

Following the strategic investment round, Oasys completed its public token sale, which ran from November 30 to December 4, 2022, exceeding its financial target in 12 hours and garnering commitment from 60 nations. Oasys’ public token sale is the first opportunity for the entire public (except US-based investors) to invest in Oasys. Following the completion of a $20 million private token sales round organized by Republic Crypto earlier this year, Oasys will launch its Mainnet in October 2022.

As a donor to Oasys’ blockchain initiative, Jsquare demonstrates its commitment to important GameFi and Web3 initiatives. Through an advisory board and a dedicated $30 million investment fund for NFT, Web3, and Metaverse startups, Jsquare emphasizes its aim to assist develop the next generation of interaction. Jsquare is a blockchain development startup co-founded by James Wo of DFG, a prominent Web3 investment firm with over $1 billion under management. Jsquare uses research, expertise, and technology innovation to enable significant blockchain development.

With strong institutional backing, Oasys is totally committed to expanding its ecosystem and improving user experiences. Oasys is dedicated to spearheading the worldwide spread of blockchain games and providing innovative gaming experiences to both gamers and creators.

Daiki Moriyama, Director of Oasys, said:

“The aftermath of the recent occurrences in the Web3 sector have highlighted the need of constructing a decentralized and resilient company, one founded on producing top-notch games and gaming content. We will provide a new generation of blockchain games with the gameplay and unmatched experience the community desires due to the backing. And, invaluable knowledge of top game creators, the largest institutional supporters in Web 3, and individual investors from all over the globe.”

Joanna Liang, Co-Founder of Jsquare, added:

“We are proud to be a part of this funding round for Oasys and to see a worthwhile GameFi project reach a wider audience to build its community. We believe that GameFi has an undeniable impact on widening crypto adoption and development, so it’s vital to support projects that put users at the heart of its operation to make a product of true quality.”