Oasis Announces Alana Ackerson as New President
Blockchain firm Oasis has appointed Alana Ackerson as its new president. Ackerson brings a wealth of expertise in developing and growing financial technology businesses, having previously co-founded Figure Technologies and Provenance Blockchain.
The appointment comes as Oasis looks to expand its capital and customer base. Ackerson’s focus will be on the company’s future capital expansion.
Oasis Plans Another Funding Round
In addition to the new president, Oasis is preparing for a series of funding rounds. The company is currently raising a series B funding round, although the exact amount has not been disclosed.
Despite market trends showing a decline in blockchain funding due to various factors, Oasis aims to attract more investors with its new management team.
Funding Decline in the Blockchain Market
Data from Crunchbase reveals that funding for Web3 businesses, including cryptocurrency and blockchain startups, decreased by 74% in 2023 compared to the previous year. However, despite this decline, the market remains optimistic about a rebound in the future.
The blockchain technology market is expected to grow significantly in various sectors such as e-identity, healthcare, EV, and education. Governments adopting blockchain for identification purposes adds legitimacy and validation to the sector, potentially boosting investor sentiment.
Hot Take: Anticipation of Growth in the Blockchain Startup Ecosystem
Although there has been a recent slump in investment in the digital ledger market, there is still high anticipation for growth within the blockchain startup ecosystem. With expanding use cases and increasing adoption across industries, the future of blockchain technology looks promising.
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