The Bullish Case for $ROSE

$160 Million Ecosystem Fund to Accelerate Adoption

Nov 23, 2021

Welcome to the tenth Alpha newsletter. We curate alpha for you. That’s it; that’s the newsletter.

Pin by Rose Bogner on jewels & gems | Aesthetic anime, Old ... — Just some roses

Everyone likes roses. They do, don’t they?

Well, today we are going to talk about a very special type of $ROSE, the crypto currency kind, which is the native utility and settlement token of the Oasis Network - a very cool L1.

What is the Oasis Network?

The Oasis Network is a privacy-enabled blockchain platform for open finance and a responsible data economy.

How does the performance compare to other L1s?

*Theoretically 1M TPS.

What’s happening currently?

As of yesterday, the Oasis Network’s Emerald is now live on mainnet! This is a big deal as EVM-based Dapps can now be deployed easily to the network.

Oasis Foundation @OasisProtocol

📣 Emerald — The EVM Compatible ParaTime, is now live! Emerald is officially live on Mainnet with more than 30 node operators, bringing a host of new features to the #OasisNetwork including easy integration w/ EVM-based DApps & #DeFi! Start building ➡️ bit.ly/3x2Pa1w

Ok, so I know you are thinking, so what? There are already loads of EVM compatible L1s. Oasis is already too late and too far behind. Just hold on a second there.

Oasis announced this rather large ecosystem fund to help accelerate adoption of the network. $160 million is a pretty tidy sum.

Oasis Foundation @OasisProtocol

1/Announcing the 📣 $160M OASIS ECOSYSTEM FUND 📣 dedicated to supporting & scaling projects built on Oasis! $160 Million USD to build the next frontier of DeFi, NFT, Metaverse, Data Tokenization, Data DAO, Data Governance & Privacy Apps on Oasis!🚀 bit.ly/3Drz5EW

Introducing the $160 Million Oasis Ecosystem FundOasis is thrilled to introduce a substantial $160 million Oasis Ecosystem Fund. Supported by top industry backers, the Oasis Ecosystem Fund is dedicated to helping founders and projects build on the…bit.ly

Avalanche’s ecosystem fund is $220 million (that was the announced figure) and the market cap of $AVAX was around 10 billion when it was announced.

At the time of this announcement from the Oasis Foundation the market cap of $ROSE was only $330 million (it has risen since). I’ll let you draw your own conclusions.

How was such a large ecosystem fund possible? Big backers. Notably three of the biggest crypto hedge funds: Polychain Capital, Pantera Capital and Andreesen Horowitz.

Oasis Foundation @OasisProtocol

2/We are grateful to our partners who made the Oasis Ecosystem Fund possible, including: @AMECloudVC + @jerryyang @dragonfly_cap + @HaseebQureshi @DraperDragon @ElectricCapital @FBGCapital @jumpcapital @KeneticCapital @NGC_Ventures @PanteraCapital @UnlockDeFi & Yours Truly 😊

Select backers from the official website

Interestingly, $ROSE is a big favourite amongst funds within the crypto space. Those guys don’t usually miss, right?

CryptoV @thecrypto_V

4/ FACT 2: 17.11.21 - Messari Fund Analysis Q3'21 - Acordly to @MessariCrypto their analysis shows that combined, fifty-three funds hold 228 unique assets across various sectors including smart contracts, DeFi, Web3, Scaling, Interoperability, and NFTs.

CryptoV @thecrypto_V

5/ After analyzing all the portfolios, they found the top asset invested across the fifty-three funds we’ve tracked remains to be @Polkadot $DOT. The second most popular asset across the portfolios that they tracked was a three-way tie for $NEAR, $LUNA, and $ROSE.

Combine everything you have just read with this mega announcement below. Yeah, things are looking bullish for $ROSE.

Oasis Labs @OasisLabs

Oasis is excited to be working with @MetaAI, formerly Facebook AI, on a fascinating application of secure computing technologies in AI Stay tuned for more early next year!

Obviously we don’t have the specifics of how Meta (formerly Facebook) will be working with Oasis Labs, but this is a huge partnership and an exciting development, which will surely have a positive effect on the Oasis Network adoption at some point.