According to the announcement,
Their aim is to fix the high transaction fees and slow throughput currently plaguing other layer-1 networks in DeFi.”
Regarding how consumers can monetize their personal data, the project’s website says,
The Oasis ecosystem utilizes the security of trusted execution environments to offer query and data control as well as user privacy-as-a-service.
In a new blog post, Crypto.com says that users can purchase Oasis Network (ROSE) using USD, EUR, GBP and nearly two dozen other fiat currencies.
“The Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy.
“With Tokenized Data users can earn rewards by staking their data with apps that want to analyze it or control how their most sensitive information is consumed by the services they use.”
The network’s native utility token, ROSE, can be used for staking, delegation and covering the cost of network transaction fees.
Oasis Network joins a roster of more than 250 cryptocurrencies and stablecoins supported by the Crypto.com App. Currently, ROSE is not available in the United States, Canada, Singapore and Brazil. The Singapore-based crypto exchange capped 2021 by inking partnerships with several leading sports franchises, including the Los Angeles Lakers, Formula 1 Racing and the UFC.
At the time of writing, ROSE is down 1.71% on the day to $0.36. The price ran from $0.24 on December 20th to as high as $0.45 on New Year’s Day, marking a new all-time high for the 95th-ranked crypto by market cap. Check Price Action
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