SILICON VALLEY, Calif.--(BUSINESS WIRE)--The NFT Oasis (https://nftoasis.co/) today announced it has closed $4.4 million dollars in its first financing round. Formed in March 2021, the NFT Oasis is a platform that fuels the decentralized creator economy — combining non-fungible tokens (NFTs), virtual reality (VR), and decentralized 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 VR. Every week, events are held in what users describe as awe-inspiring virtual environments.
“The human experience is driven by stories,” said Will O’Brien, CEO and co-founder of NFT Oasis. “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 capitalize on this tectonic shift that is taking place with the global NFT movement.”
O’Brien was previously co-founder and CEO of BitGo from 2013-2015 (acquired by Galaxy Digital for $1.2 billion), SVP at Big Fish Games (acquired by Churchill Downs for $885 million), and is a veteran angel investor.
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
CitizenX Crypto Ventures
Delphi Digital INFINFT and gmoneyNFT
Bringing the NFT Movement to Life in Virtual Reality
The possibilities for expression are endless in the NFT Oasis. 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 decentralized gig economy to support events and help creators gain more recognition.
The flagship platform for the NFT Oasis is AltspaceVR, a social VR 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 the NFT Oasis on an Oculus VR headset and PC/Mac, or watch live and recorded content on any social media platform.
The 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 the metaverse, hold concerts for thousands of attendees in VR, and livestream to the masses.
Using Blockchain and DeFi to Build a Decentralized Creator Economy
Artists have already begun to embrace blockchain technology for decentralized identity and NFTs. The next stage of decentralization will be in the legal, financial, and community layers.
NFT Oasis is launching a smart contract-based system for creators and communities to establish the economics of their work and permissions of their metaverse experiences.
“I see this as a once-in-a-lifetime opportunity to launch an abundant creator economy,” said O’Brien. “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.”
// ABOUT NFT OASIS
The NFT Oasis is a virtual environment designed for the NFT community. A utopian vision that brings the revolutionary power of the NFT movement to life in fully immersive VR.
For all inquiries, please contact firstname.lastname@example.org.
Visit https://nftoasis.co/ to experience the NFT Oasis and sign up for a free account.
Follow us on Twitter @nftoasis: https://twitter.com/nftoasis
// ABOUT PROVENONCE, INC.
NFT Oasis is wholly-owned and operated by Provenonce, Inc. The founding team is composed of Will O’Brien, Greg Edwards, Jesse Nolan, and Patrick Booth, Jr.