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Binance Labs Backs $200M Fund for the Oasis Ecosystem



Binance Labs Backs $200M Fund for the Oasis Ecosystem

Binance Labs, today announces to participate in the Oasis Ecosystem with a $200M fund. Basically, this fund will be used to make contributions to the projects that will be built on the Oasis Network.

Oasis Foundation tweets, “We’re excited to announce that Binance Labs will be contributing to the Oasis Ecosystem Fund, growing the fund up to 200M $USD! The $200M Oasis Ecosystem Fund will help propel new projects on the Oasis Network and build the next generation of Oasis apps.”

Head of Binance Labs Fund, Bill Chin, said: “We are a true believer of Oasis’s vision and have been supporting the project since the early days. We are very excited to join the Ecosystem Fund as we believe that Oasis can advance Web 3.0 development due to its scalability and privacy-preserving features. Also, any project building on top of Oasis will also be part of the Web 3.0 innovation.”

Jernej Kos, Director of Oasis Foundation, said: “We couldn’t be more thrilled that Binance Labs decided to dedicate such a significant contribution to our Ecosystem Fund. They are a valued partner, and together we can create new frontiers in the blockchain space.”

At press time, the price of Oasis Network (ROSE) is $0.4171 and the price is up by 19.85% from last 24h. The market cap and 24h trading volume for ROSE is $1,456,088,673 and $514,885,504 respectively.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.