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Oasis Labs funding by a16z - XRP AI/ML Signal

KRAKEN:XRPUSD   XRP
Cloud computing startup Oasis labs raised USD$45mm in a private token pre-sale that will develop a blockchain platform aiming to rival Amazon Web Services. The sale was led by “a16z”, a new crypto fund sponsored by Andreesen Horowitz. Investors in the fund include: Accel, Binance, Pantera, Polychain, Metastable, Foundation Capital, Electric Capital, DCVC and Coinbase co-founder Fred Ehrsam. Oasis CEO, Dawn Song said the company’s architecture will allow transactions to be verified with far less duplication with the same level of integrity and security. Additionally, he said that the “architecture also supports for more computationally intensive tasks like machine learning and AI, which are not possible with today’s blockchain technologies”.

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