Oases Unveils Mainnet of NFT Marketplace with Seedpad

NFT marketplace Oases announced its mainnet launch on August 24, 2022.

Oases is a non-custodial, on-chain NFT marketplace built on Ethereum that supports truly decentralized commerce and facilitates the minting and trading of NFTs between creators, investors and brands.

Oases 1.1 features the advanced trading mode, which allows sellers to list their NFTs on Ethereum and buyers to trade directly by calling a smart contract. In this way, it realizes truly decentralized trading with orders executed on the blockchain, reflecting the decentralization spirit of the Web 3.0 space.

The innovative and ambitious NFT platform announced its beta launch on June 15, and then held a testnet campaign for early adopters to send feedback.

Hundreds of users participated and claimed the reward, despite the bear market. A clean and user-friendly interface and smooth NFT creation and listing experience are among the most common feedback collected.

In addition to the advanced mode of listing directly on Ethereum and other standard features that you expect from an NFT platform, Oases 1.1 also guarantees immediate royalty payment.

The customizable royalties (0~50%) from the sale of NFTs on the secondary market will be distributed to creators via on-chain transfers immediately after a deal is executed, which requires no waiting time and protects the creator’s interests.

The platform also offers a batch order cancellation feature that allows users to clear multiple NFT orders in one transaction, saving significant amounts of gas fees.

Smooth and decentralized NFT experience

Devoted to constant innovation and designing new features to remove pain points users had to face before, Oases is set to introduce the main feature Oases Seedpad to NFT projects and buyers shortly after the mainnet launch.

The Seedpad feature is designed on the basis that most current NFT sales have users fighting intensely for either whitelist spots or the NFT itself.

Since the innovation of non-fungible tokens really started to energize the crypto market in 2021, the NFT market hit increasingly higher trading volumes, and more and more players from all fields opened their eyes and began to pay more and more attention to space in addition to invest in it and mint their own NFTs.

However, due to the rare and unique nature of digital artworks, actually getting your hands on one or simply investing in a collection’s future is a challenge. For many, buying an NFT usually involves many disappointments and surprises of many kinds.

Some well-known problems are the competition for block space which easily causes instant and appealing increases in the gas price, and the sales mode of the whitelist is constantly criticized for being centralized, without transparency.

Seedpad brings functionality that can be described as an INDO tool for NFT collections, a way to crowdfund projects while investing as much in future royalty income as the NFT itself.

Here’s how it works: In the first step, NFT creators issue more “tickets” than the number of NFTs in the collection. Users then buy the tickets instead of the NFTs directly, effectively lowering the price.

Then the platform initiates a decentralized draw where some ticket holders will be fortunately awarded NFTs while those who miss out still share in the royalties from all future secondary market sales of the NFT collection.

By lowering the threshold for participation while distributing a share of the financial stake and creating a wider range of stakeholders in a new NFT collection decline, this mechanism provides a more streamlined and simplified process for issuing NFT collections for projects and creators.

All participants have a chance to acquire a piece of rare and precious digital art at ultra-low cost; and even if they don’t win, each of them can still get a share of the following royalties on this item, which for everyone is a combination of fun and income opportunity.

Oase’s Seedpad seeks to help both large and small projects and individual creators issue NFT collections. It is a tool that avoids gas wars and treats each user more equally.

Issuers will be guided through the process, automatically deploy smart contracts on Ethereum, and set all customizable parameters such as the number of tickets.

After the tickets are sold out or the sale period expires, the lucky ones will be selected according to a set of decentralized rules.

Looking forward to: NFT farm and builder programme

Oases has an extensive roadmap planned for 2022 with many features in the pipeline. Aside from the upcoming Seedpad feature, Oases is preparing an NFT deposit to earn feature that will allow users to earn passive income from their NFT holdings by depositing NFTs and farming rewards from the platform.

The aim is also for the platform to aggregate other Ethereum-based marketplaces to act as a one-stop solution for NFTs, doing what DEX aggregators did with DEXs to the NFT market.

Oaser focuses on innovative functionality for the benefit of both artists and society.

There are no platform fees charged to creators when minting an NFT using the platform, only a standard transaction fee of 2.5% charged for successful trades made through the platform.

Oases also offers a creator verification system to legitimize and highlight good actors as well as reward active creators with long-term incentives such as reduced fees and personal service, etc.

To celebrate the launch of the main network, Oases is rolling out one one month transaction fee and refund of gas fee event to thank the early adopters of the NFT market.

A weekly mission program is implemented to give engaging users points in the form of Palm CoinsDrops, which can be exchanged for all kinds of rewards and benefits or converted to native tokens in the future.

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