In the first round of funding, NFT Oasis has revealed that it has been successful in raising a total of $4.4 million from investors. The company has created a name for itself thanks to its ability to offer a combination of virtual reality (VR), non-fungible tokens (NFTs), and decentralized finance (DeFi) to users in a seamless manner. The ecosystem has been specifically created for artists and creators who have a passion for offering something new in creativity. NFT Oasis has more than 200 musicians and artists on board, and it is continuously organizing events every week to let creators and users interact in an inspiring manner.
The Co-Founder and Chief Executive Officer of NFT Oasis, Will O’Brien, said that the platform offers all artists an opportunity to create a virtual world to connect with like-minded people and capitalize on the seismic shift occurring with the global NFT adoption.
The funding raised by the NFT Oasis has come from a diversified group of investors who are well-known for their role in promoting music and artwork on a global scale. This particular funding round witnessed the participation of Citizens, Crypto Ventures, Koji Capital, and Stateless Ventures, among others.
The inclusion of virtual reality in the NFT segment has opened new avenues of growth and possibilities for artists. Creators can organize panel discussions, exhibitions, and a range of other such programs virtually. They can even create galleries to give the world a peek into their artistic abilities and insightful conversations. The segment also offers opportunities for other stakeholders in the ecosystem, such as programmers and designers, to support artists’ work while connecting with each other in a decentralized manner.
The next set of growth opportunities in the decentralized space will come from the community, financial, and legal segments and layers of the industry. NFT Oasis’s smart-contract system will help artists make money from their creative abilities by offering an experience to their metaverses to interested users. This will be great not only for the development of metaverse space but also for the entire decentralized ecosystem involving DeFi, NFTs, and cryptocurrencies.