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Summary of OAX Foundation
- Founded in 2017 with a focus on decentralized finance and digital assets
- Identified four main shortcomings in the industry: speed, scalability, interoperability, and trust
- Aims to address these challenges through tools, technology, applications, and community support
- Believes in the collaborative nature of decentralized finance and works with key players in the space
- Seeks to develop technology and address limitations to ensure the success of the industry
- Numbers: 2017 (founding year)
About OAX Foundation
OAX Foundation embarked on its journey in 2017, driven by the conviction that decentralized finance and digital assets would inevitably become an integral component of mainstream finance and commerce. The Foundation’s profound belief in the collaborative essence of decentralized finance has fostered a spirit of engagement, facilitating collaboration with key stakeholders to explore and unlock the vast potential of this technology. As the landscape continues to evolve and the market matures, offering alternatives to traditional financial ecosystems, the imperative to develop and refine the technology, addressing the limitations of this nascent industry, becomes increasingly crucial to its success. Specifically, the Foundation identified four pivotal shortcomings that necessitated attention: speed, scalability, interoperability, and trust.
From the realm of decentralized and centralized exchanges to the era of ICOs and STOs, and the nascent landscape of DeFi, the exploration of these innovative technologies necessitates collaboration among pioneers within the space to overcome the attendant challenges. The OAX Foundation is committed to providing multifaceted support within this ecosystem, offering a suite of tools, cutting-edge technology, practical applications, and a vibrant community support network.