NFT Oasis raises $4.4 million
NFT Oasis has closed $4.4 million in its first financing round.
What is NFT Oasis?
Formed in March 2021, NFT Oasis provides a platform of the same name that fuels the decentralised creator economy—combining non-fungible tokens (NFTs), virtual reality, and decentralised finance (DeFi) in an ecosystem to give artists more creative freedom, business control, and financial success.
Since April, the NFT Oasis has welcomed more than 200 artists and musicians to showcase their works in virtual reality. Every week, events are held in what users describe as awe-inspiring virtual environments.
How does the platform work?
Artists can host gallery exhibitions and panel discussions with guests joining from around the globe. Collectors can curate their own custom galleries in fantastical virtual worlds. Designers and programmers can be hired to build virtual experiences for creators, while independent generalists can work in a decentralised gig economy to support events and help creators gain more recognition.
NFT Oasis is hosted on AltspaceVR, the social virtual reality platform owned by Microsoft. All of the best social features of a virtual world are included, such as custom avatars, real-time voice and interaction, and events. Users can access NFT Oasis on an Oculus virtual reality headset and PC/Mac, or watch live and recorded content on any social media platform.
NFT Oasis is also a quantum opportunity for musicians. Since inception, the platform has seen performances from artists including Grammy-winner Imogen Heap, pianist Greg Spero, and K-pop stars AWEEK, Lee Eun Bi, and Hayeon. Musicians can use a range of technologies to bring their performances into virtual reality, hold concerts for thousands of attendees, and livestream to the masses.
Who are the new investors?
NFT Oasis has raised funding from a diverse and influential group of 32 investors that serves as a strategic global base to connect the established art and music world with the new innovators in NFTs and DeFi. Investors in this round include:
➨ Brad Stephens, managing partner at Blockchain Capital
➨ Lemniscap
➨ CitizenX Crypto Ventures
➨ Delphi Digital INFINFT and gmoneyNFT
➨ FlamingoDAO
➨ ID Theory
➨ Intellectus Partners
➨ Koji Capital
➨ Mechanism Capital
➨ OzoneX
➨ Stateless Ventures
➨ The LAO
What does NFT Oasis say?
Will O’Brien, chief executive officer and co-founder of NFT Oasis: “The human experience is driven by stories. Our stories are how we remember our history, and cultural relevance is what makes art, music, and real estate valuable. We are giving the chance for every creator to invest their time and energy into custom virtual worlds and experiences, activate their communities, stream their performances and creations, and capitalise on this tectonic shift that is taking place with the global NFT movement.”
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Images: Teslasuit, Holo-Light, Campfire and NFT Oasis
Source: https://vrworldtech.com/2021/07/14/teslasuit-holo-light-campfire-nft-oasis/