Meet Oasis Labs, the blockchain startup Silicon Valley is buzzing about
Blockchain computer programs are pretty smart—that’s why we call them smart contracts—but they’re also pretty weak. If they’re going to achieve many of the lofty, world-changing goals that blockchain proponents say they will, like revolutionize health care and the energy industry and give people back control of their personal data online, they’re going to need to be run in a whole new way. That’s where Dawn Song’s new startup, Oasis Labs, comes in.
The cryptocurrency world is overflowing with big claims, but Song is a well-known computer science professor at UC Berkeley and a MacArthur fellow (as well as one of MIT Technology Review’s 35 Innovators Under 35 in 2009). And a number of big-name funders seem to think her company, Oasis Labs, is on to something. This week, the startup announced that it has raised $45 million in a private token presale to a group of high-profile cryptocurrency investors and Silicon Valley venture capitalists. It also became the first project to get backing from Andreessen Horowitz’s new $300 million crypto fund.
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