NFT Oasis Raises $4.4 Million in First Funding Round to Combine NFTs with DeFi and VR

Announced Thursday, top NFT marketplace, NFT Oasis, completed a $4.4 million funding round led by 32 core investors including Leminscap, CitizenX Crypto Ventures, FlamingoDAO, and ID theory. The funding aims to boost the creation of non-fungible tokens (NFTs) by combining DeFi and VR giving artists “more creative freedom, business control, and financial success,” the statement reads.

Other investors in this round include Delphi Digital INFINFT and gmoneyNFT, Intellectus Partners, Koji Capital, Mechanism Capital, OzoneX, Stateless Ventures, The LAO, and Brad Stephens, Managing Partner at Blockchain Capital.

NFT Oasis is a decentralized platform giving multiple artists, musicians, and contributors a platform to showcase their art, host gallery exhibitions, and interact with other creatives around the world. The platform offers a virtual experience to the users while connecting the designers and programmers to creators.

As such, the need for VR on NFT Oasis will further its goals in offering the best virtual experiences for their users. Since the start of Q2, the platform saw over 200 creatives host events and connect in virtual reality with their fans and showcase their art across multiple countries.

“I see this as once-in-a-lifetime opportunity to launch an abundant creator economy,” said Will O’Brien, Co-founder and CEO of NFT Oasis. “Artists shape our collective culture and move generations forward. With NFTs, DeFi, and VR, we can disrupt the existing models that exploit creators, and instead fuel a revolution that will lead to the next renaissance.”

Serial entrepreneur, O’Brien believes the funding will enhance the VR experience and designs boosting adoption and user acquisition.

The statement further confirmed NFT Oasis is in a partnership with AltspaceVR, a social VR platform owned by Microsoft. The partnership allows users to directly connect to NFT Oasis live or recorded events from their Oculus VR headset and PC/Macbooks.