Veterans from the established gaming world are flocking to web3. Whether they do it out of a fear of missing out or genuine belief in blockchain technologies, the trend appears irreversible at least for now, as investment keeps pouring into the industry.
Oasys, a Japan- and Singapore-based startup that's building a blockchain for gaming developers, has just raised $20 million. The round was led by Republic Capital with participation from Jump Crypto, Crypto.com, Huobi, Kucoin, Gate.io, Bitbank, and Mirana Ventures.
Rather than a traditional equity round, the capital came in a private token sale, which "doesn’t dilute the equity of our project that we firmly believe in" and "allows us to reach a broader base of backers than a traditional equity fundraiser will," Daiki Moriyama, director at Oasys, tells TechCrunch.
The founding team is deeply rooted in the Japanese gaming industry but picked Singapore as the firm's other home because Japan "has regulatory issues regarding crypto...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...