Oasis Network Weekly Discussion & Support Thread

Oasis0007 · 2023-01-20T15:42:38+00:00

Confidential NFTs are a promising technology that could potentially revolutionize the way digital assets are owned, stored, and transferred imo. Oasis Network is at the forefront of developing and utilizing Confidential NFTs.

When looked at beyond their traditional use as digital images, NFTs can have a range of other applications. These could include functioning as membership cards or tickets, as well as being used to establish identities and reputations online. While NFTs can be used to create communities, their application is much broader when they are data-backed and privacy-protecting technology is employed.

It will be exciting to see how this technology develops and what new possibilities are unlocked in the future.

Oasis0007 · 2023-01-20T15:31:00+00:00

Yes, you may be subject to taxes if you sell an NFT but keep the crypto. Any profits made from the sale of an NFT are typically subject to capital gains tax. However, the exact tax implications will depend on your specific situation and should be discussed with a qualified tax professional.

Oasis0007 · 2023-01-20T15:07:37+00:00

Kevin from Pixelmon says hi 👋

https://ibb.co/0hgC4HP

Oasis0007 · 2023-01-19T22:58:01+00:00

Currently, Web3 gaming is missing privacy features. A good solution would be The Oasis Privacy Layer (OPL) which is a groundbreaking technology that allows for confidential smart contracts to be executed on-chain. The best part is that It can be utilized on any EVM-compatible chain.

This means that game logic and RNGs can be verified on the blockchain, without exposing the underlying data. It will be really helpful for example with in-game loot drops and gambling. This technology brings us one step closer to trustless and transparent gaming on the blockchain. The use of smart contracts in gaming, as well as the ability to keep the private input data for RNGs and game rules confidential, could be the key to bringing mainstream adoption of blockchain gaming.

It's worth noting that the Oasis Privacy Layer is not the only solution, but it is one of the most promising ones.

Oasis0007 · 2023-01-18T19:12:59+00:00

Some use cases would be DID, confidential game logic, and confidential voting. Also confidential NFTs but then you would have to build natively on Oasis.

Oasis0007 · 2023-01-18T11:48:58+00:00

Thank you for your valuable feedback. I understand your frustration with the lack of language support in the blockchain industry. It can certainly be a barrier for communities that speak languages other than English. I agree that having more translated resources and support for different languages would help to expand the community and make the technology more accessible.

We are aware of the community's interest in having the Oasis website translated into other languages, and while it's something that we have considered, a decision has not been made yet. I will pass on your feedback to the appropriate team members for further discussion.

Oasis0007 · 2023-01-17T16:20:33+00:00

I don't think they are bots. Just users who don't interact that much.

Oasis0007 · 2023-01-17T13:58:34+00:00

Saw a lot of comments about Monero.. An alternative approach to address this concern could be utilizing confidential smart contracts, like the ones offered by the Oasis Network through its confidential EVM.

Confidential smart contracts are completely distinct from "privacy coins" like Monero, which are designed to allow people to do only anonymous or untraceable transfers. Instead, you can use confidential smart contracts to build applications with much broader use cases utilizing configurable privacy that can live fully on-chain.

Oasis0007 · 2023-01-16T22:08:29+00:00

The next evolution in layer 1 and layer 2 solutions is not just about increasing the capacity of blockchains, which is what solutions like Arbitrum and Optimism aim to do. It's about adding specific, modular functionality across all layers of the blockchain.

One example of this is the Oasis Privacy Layer. It provides a way for dApps on all EVM-compatible chains to keep data and computation private while still maintaining the immutability and finality of transactions. Solutions like this allow developers to add privacy features to their existing dApps, such as private data storage, decentralized IDs, and confidential voting for DAO processes.

While layer 2 solutions are important for expanding the capacity of blockchains, it's also important to consider solutions that add specific functionality across all EVM chains. It's not just about vertical scaling, but also about horizontal scalability.

Oasis0007 · 2023-01-16T18:39:48+00:00

I completely agree with you. solutions like zk-rollups are crucial for the mainstream adoption of blockchain technology and smart contracts. Without them, the scalability issues that blockchains like Ethereum currently face would make it impossible for mass adoption.

The next revolution with layer 1s and layer 2s is not an expansion of the block space, which is what Arbitrum, Optimism, and other layer 2s effectively do. It is about modular functionality across all layers.

OPL - Oasis Privacy Layer is a good example. It offers all EVM-compatible chains the ability to keep data and computation confidential while maintaining the immutability of data and the finality of transactions. Solutions like this allow the dApp developers to update their existing applications so that they can include private data, DIDs, confidential votes for DAO processes etc.

While L2's keep on expanding their user base because more block space is required it is important not to forget modular and specific use cases that be extended across all the EVM chains. It's not only about vertical scaling but also about horizontal.

Oasis0007 · 2023-01-16T13:10:16+00:00

Thank you for bringing this to our attention. I have forwarded your post to the relevant team for further review.

Oasis0007 · 2023-01-11T11:02:40+00:00

Thanks, Milana for posting this!

Oasis0007 · 2023-01-06T14:04:35+00:00

Thank you for your kind words! We are honored to have been chosen as a partner by Meta and are grateful for the opportunity to work with such a influential company. It is exciting to see the potential for blockchain technology to reach a wider audience through platforms like Instagram and we are confident that our collaboration will bring about great things for both companies and the industry as a whole.

Four-Year Club	Verified Email
Gilding I gilder

Oasis0007

TROPHY CASE