Blockchain

Binance Labs to Merge With a16z-Backed Oasis Labs for Blockchain Startup Hub

Binance

As and when blockchain use cases being adopted by companies worldwide, why should Oasis labs lag behind? In a recent news story, Oasis Labs, a Blockchain based cloud computing platform announced a strategic partnership with one of the renowned venture capital fund (actively investing in crypto space) in order to introduce a blockchain tech hub namely the Oasis Startup Hub as reported by Blockchain Week in San Francisco on 8th October.

The Oasis Startup Hub actively focuses to design an ecosystem that can be used for blockchain developers, technologist, investors and key players in the industry in order to collaborate. The entire concept will be supported by Oasis Labs’ technocrats with the nickname called “Early Access” to Oasis Latest Technology disruptions.

The entire strategic partnership includes the major players namely Andreessen Horowitz’s Crypto venture fund a 16zCrypto, Binance Labs, Accel, Polychain Capital, Pantera Capital. All these key players are actively poised to leverage their respective expertise by providing guidance that helps developers to create a decentralized application namely ‘DApps’ run on Oasis Lab’s protocol.

Further speaking to the matter, Dawn Song, Oasis Labs CEO, and UC Berkeley professor said in his statement that the entire platform is designed “to bring experts together for invaluable interactions around how to design, build and deliver exciting new applications.”

Let us not forget that Oasis Labs started to foray into crypto space in July this year with located in Berkeley, California. The company is also expected to have raised $45 million through various investors namely a16zCrypto, Accel, Pantera Capital, Accel, and Binance.

The entire story is not confined up to here, the big four consulting and auditing firm namely, Deloitte criticized the blockchain having said that the complexity of blockchain applications in place, the entirely new perspective should overcome so that it can be adopted by a larger community world-wide!!

About the author

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Shalin Soni

Shalin joined CryptoNewsZ as Associate Finance (Cryptocurrency Research & Analysis) in 2018 and has 10 years of collective experience to work on financial modeling and financial planning & analysis activities (fp&a) domains. He has worked with various organizations in India and added values by leveraging his skills and expertise. He has strong domain expertise in research & analysis, valuation, and fp&a. He has worked with various organizations in India and added values by leveraging his skills and expertise. He has strong domain expertise in research & analysis, valuation, and fp&a.
You can also mail him at [email protected] to discuss anything related to his reports.

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