Oasis already hosts DeFi apps and some games, but it will be a privacy layer for existing apps on other blockchains.
- Oasis is one of the established networks and now offers a newly launched privacy layer.
- Oasis has funds to support a team of private Web3 app developers and host hackathons.
- The Sapphire network provides a bridge to Ethereum and other L1 blockchains that host Web3 apps.
Oasis Networks is one of the protocols well known to crypto users. Now Oasis has switched to providing additional privacy tools for Web3 developers. Oasis offers scalable technology that allows you to send even the most difficult-to-trace private transactions. The technology has been controversial among traders, but the developer of the game and his NFTs may have fewer regulatory restrictions.
https://twitter.com/hashtag/OasisNetwork?src=hash&ref_src=twsrc%5Etfw
The Oasis Privacy Layer is our latest addition, launching in early 2023. Oasis’ goal is to gain share and become a staple in his growing Web3 space. Having a privacy layer and a gas rate layer means that any app can pay for your home network while still using Oasis and Sapphire for part of your transaction.
This turns all apps built on Ethereum, Avalanche, etc chains into potential privacy apps. One use case is private NFT ownership. Oasis also builds bridges to Ethereum and other L1 chains to provide seamless movement of assets between networks.
Oasis Builds an EVM-Compatible Privacy Layer
A change in Oasis is that any finished app compatible with the Ethereum Virtual Machine (EVM) can now add a privacy layer without the need to migrate the app. Developers are specifically called upon to add a layer of privacy to their apps with Sapphire, his one of the first fully private blockchains.
https://twitter.com/hashtag/OasisNetwork?src=hash&ref_src=twsrc%5Etfw
Oasis has developer tools and a learning center to showcase its privacy technology. Oasis also has a grant program for teams building his Web3 apps on the private Sapphire network. The Oasis team has secured up to $235 million in funding to support Web3 adoption. Oasis also plans to continue hackathons to find talent and support new building ideas.
Oasis already uses its core network to host apps and is one of the more established blockchains in the last few years. For now, Oasis primarily hosts his DeFi apps, but his one active game with NFTs, Blockchain Cuties, is currently adding value. Other games may have lower on-chain stats and use off-chain transactions.
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