Oasis announced the launch of a $160 million ecosystem development fund: supporting the development of DeFi, data DAO, NFT, and Metaverse
On November 17, 2021, Oasis is pleased to announce to everyone that Oasis will join hands with partners to launch an ecosystem development fund with a total value of US$160 million. Through this support fund and the support of top industry builders, Oasis will be able to help more project founders and ecological developers join us and build a prosperous ecosystem based on the Oasis network.
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01 Unlock more application scenarios including private DeFi
This ecosystem development fund will provide sufficient impetus for Oasis Network to develop the next wave of ecological applications, such as DeFi, NFTs, metaverse, data tokenization, data DAO, data governance and privacy applications and other application scenarios.
In addition, this ecosystem development fund will be used to support teams that are currently building projects on the Oasis network, and to help some developers start and build projects on the Oasis network.
Application entry:
https://oasisprotocol.org/ecosystem-fund
Metaverse
DeFi
NFTs
Metaverse
Data Tokenization
It is worth noting that the Oasis network is highly scalable and has high throughput. It can not only achieve instant settlement, but also reduce transaction costs by 99% compared with Ethereum. It also has user privacy data protection and defense against MEV. Ideal for projects.
Oasis has built-in privacy features to support confidential smart contracts. Privacy is crucial to DeFi, enabling more stakeholders to migrate from CeFi (centralized finance) to DeFi (decentralized finance).
Jerry Yang, co-founder of Yahoo and founding partner of AME Cloud Ventures, once spoke highly of Oasis Network:
The Oasis Network is the world's leading privacy-preserving and scalable blockchain platform. We firmly believe that Oasis can realize its vision and are proud that we can be part of the ecosystem fund to help advance the development of blockchain technology.
Haseeb Qureshi, Managing Partner at Dragonfly Capital added:
We are very pleased to participate in the Oasis Ecosystem Development Fund, which will support top technical talents from all over the world to develop on top of the Oasis network. We believe that the powerful technology and large community behind the project provided by Oasis, and its unique combination of privacy protection features and scalability make it particularly suitable for building the next generation of DeFi development.
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02 Reasons for choosing to build projects on Oasis
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Speed and scalability:
The Oasis Network's unique layered network architecture separates the execution from the consensus layer, allowing complex transactions to be processed faster. Run DApps at an extremely fast speed, with a throughput of up to 1000TPS, a block time of about 6s, the transaction experience is almost instantaneous, and can be executed in parallel on many ParaTimes.
Tailored according to developer needs:
Build DApps on the unique ParaTimes ecosystem, or launch your own ParaTime, customized ParaTime can be adapted to multi-functional application scenarios to meet your specific needs, such as confidential computing, permissioned or permissionless, and more.
A privacy-first blockchain:
Oasis is a leading blockchain network with built-in privacy features designed to support privacy-preserving smart contracts.
Low Gas Fee:
Taking advantage of the low Gas fee, it can be more than 99% cheaper than Ethereum, so as to truly build economically viable and affordable DApps.
Ease of development:
Oasis has backward compatible smart contracts with EVM and Rust-based Paratimes. Developers can use the entire Solidity toolchain to easily build DApps and write smart contracts. The development threshold is very low.
03 Fund's main partners
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● AME Cloud Ventures
● Dragonfly Capital Partners
● Draper Dragon
● Electric Capital
● FBG
● Jump Capital
● Kenetic Capital
● NGC Ventures
● Oasis Foundation
● Pantera Capital
04 Oasis recent ecological achievements and development plan
Oasis is one of the fastest growing projects in the blockchain space with over 110 validator nodes actively running on the network and a growing community of over 100,000+ members.
In addition, Oasis has established a huge partner ecosystem and established partnerships with world-renowned companies such as Genetica, Nebula, Binance’s Cryptosafe Alliance, BMW, and Google Cloud. On the other hand, Oasis also has the largest Layer 1 blockchain university project. In the past year, more than 300 teams have applied for the ongoing Oasis funding project.
Oasis is achieving important milestones, current and upcoming are:
Network upgrade: The network upgrade was successfully carried out through the on-chain governance mechanism, with a participation rate of over 85%.
Mainnet launched Cipher ParaTime: a smart contract platform with privacy features to enable private DeFi and privacy DApps.
Parcel Paratime: Enabling Data Tokenization and a Responsible Data Economy.
Emerald: The official EVM is compatible with ParaTime and is committed to the development of DeFi, NFT and Metaverse.
YuzuSwap, the first DEX built on the Oasis network.
Two lending protocols: currently under development.
Jernej Kos, director of the Oasis Foundation, said:
We are excited to work with long-term supporters of Oasis to build, nurture and grow the ecosystem. We are now fully prepared for developers, and we invite all developers to consider building various types of projects on the Oasis network to develop the ecology, because we are ready to provide rich funds, professional technology, Targeted guidance and a strong user traffic group to support them.
Tony Gu, founding partner of NGC Ventures, said:
Oasis has an outstanding team and unique technical strength. As an early investor in Oasis, we firmly believe in the development vision it advocates and will help the development of its ecosystem. This is why we decided to participate in the Ecosystem Development Fund.
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05 Frequently Asked Questions About Funds
● Who can apply for funding?
Anyone interested in creating projects on the Oasis Network can apply, especially DeFi and NFT projects.
But it should be noted that you must comply with the verification guidelines for investors in your country of residence and pass the KYC review. You can carefully understand the description of the official rules on this point.
Developers who are U.S. citizens or residents and are not accredited investors may not be eligible to receive funding from the Oasis Ecosystem Fund. These funds were not and will not be offered or sold, directly or indirectly, to any resident, organization, or person located in a country or territory that is subject to, from time to time, the Office of Foreign Assets Control's comprehensive sanctions program, including Cuba, the Crimea region of Ukraine, the Democratic People's Republic of Korea , Iran, Syria, any person found on OFAC's Specially Designated Nationals, a prohibited persons list, any other comprehensive prohibited persons list as determined by any applicable government authority, or any person organized in, located in, or resident.
● How much funding can I apply for?
You can apply for any amount of funding. But when applying, you should fully explain why you are applying and how the funds will be used. All funding will be provided in ROSE tokens.
Click here
Click hereComplete and submit your application. If selected, we will proactively contact you within 30 days for a phone call with the Oasis team.
● By what criteria will my application be evaluated?
Your application for funding will be evaluated based on relevance to network success, the technical design of your project, the overall quality of your team, and more.
If you have a great idea for improving the Oasis network, or are inspired to build a new DeFi protocol, DApp, or a privacy-first product, we'd love to hear your thoughts.
● How can I give my project a better chance of being successful?
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Oasis official website:
The Oasis network was officially launched on November 19, 2020. It is the world's first decentralized blockchain network with privacy protection and scalability. In terms of technological innovation, the unique layered network architecture of the Oasis network divides smart contracts into a consensus layer and a paratime layer, ensuring absolute security of user privacy information while achieving higher performance and stronger customizability, further unlocking blocks New use cases and applications for the chain.
At the same time, Oasis Network also innovatively proposed the concept of "data tokenization". Users can not only fully control their private data, but also gain benefits by sharing private data, further realizing privacy protection and promoting the construction of a responsible data economy.
Oasis also has the backing of a roster of industry-renowned investors including Andreessen Horowitz, Polychain, Pantera, Dragonfly, and Binance Labs. High performance + security + privacy protection, Oasis will redefine centralized finance and completely change the gameplay of open finance.
Since its launch, the Oasis network has carried out activities such as hackathons, global ambassador recruitment, and the ROSE token blooming plan. Countless industry-leading application developers/blockchain infrastructure teams and node operators have joined us, and the Oasis network ecosystem has developed unprecedentedly Prosperity.
Oasis official website:
Oasis Chinese Telegram Group:
https://t.me/oasisnetworkchina
Oasis Bihu:
https://bihu.com/people/1423495774
Oasis Medium：
https://medium.com/@oasis_foundation
Oasis Twitter：
https://twitter.com/OasisProtocol
