Oasis Labs blockchain startup has teamed up with several well-known venture capital firms and hedge funds to launch a new technological start-up incubator.
According to a press release, Oasis Startup Hub will focus on helping firms create “privacy-oriented computing platforms for the blockchain.” The program was supported by Accel, a16z crypto, Binance Labs, Pantera Capital and Polychain Capital.
The incubator will provide developers with access to technical support and to new technologies, as well as assistance and feedback from investors.
“We are very interested in companies and developers who want to create scalable applications that protect user data, and put confidentiality in the first place,” said CEO Don Song. He also added:
“We are inspired by the diversity and number of developers who share our values and confirm our approach. We created Oasis Startup Hub to bring together experts to develop, create and implement exciting new applications. ”
Oasis Labs already has some of the first customers who are working on applications that “require strong privacy protection.” Currently, these include applications such as a decentralized credit rating and distributed data markets for artificial intelligence. However, other startups can still join the incubator.
Data-focused applications will continue to be of prime importance, Accel partner Jake Flomenberg said in a press release recalling a recent series of “high-profile scandals involving privacy breaches.”
Similarly, Pantera Capital partner Paul Veradittakit noted that the center “offers a unique opportunity” for the funds “to share experiences to resolve key issues related to blockchain scalability and confidentiality and to move towards their wide distribution”.