Key Points
- Oasis (ROSE)’s price surged by 10% today, reaching a market cap of $863 million.
- On June 11, the team behind the project addressed building the primitives of Decentralized AI.
Oasis (ROSE)’s price surged by 10% today. At the moment of writing this article, the token’s market cap is approximately $863 million.
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On June 11, the team behind the project shared a post about building the primitives of Decentralized AI. The official blog post is dated April 12 and it’s called Decentralize All the Things.
The team behind the project began their post by noting that Web3 has a central ethos, “don’t trust, verify” which is made possible due to blockchain tech being able to perform computation in a decentralized and verifiable manner.
The team’s blog post explains the ways in which Oasis is enabling a future where all these different things (physical infrastructure, building oracles to stream traditional Web2 data assets, creating representations of real-world physical assets on chain, performing privacy-preserving AI training) can seamlessly interoperate and scale.
They are doing so by leveraging and composing different decentralized confidential computing technologies.
The official blog post explores decentralized confidential computation and more.
What is Oasis (ROSE)?
Oasis is a L1 blockchain designed to enable scalability and confidential compute. Oasis is home to Sapphire, the first confidential EVA that empowers Web3 and Decentralized AI devs to build dApps with Smart Privacy natively on Oasis or other EVM-based chains.
ROSE is the native token of the Oasis Network used for gas fees, staking, delegation and governance.
According to the team behind the project, Oasis presents the optimal building and execution environment for DeFi, Ai, GameFi, NFTs, the metaverse, data tokenization, and DAO governance as well.
Oasis also has native support for rollups at the consensus layer.
Regarding the project’s tech, the Oasis compute layer supports multiple parallel runtime, or ParaTime, environments which allows Web3 developers to build decentralized applications on any existing runtime or even launch their own.
Unique ParaTimes can be developed in isolation to meet the specific requirements of any application, including privacy parameters, staking requirements, development language and more. Three separate ParaTimes already run on Oasis: Sapphire, Emerald and Cipher.
