The Bullish Case for $ROSE

$160 Million Ecosystem Fund to Accelerate Adoption

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

Just some roses

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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

bit.lyIntroducing 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…

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

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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.

Alpha from CT

Jon is showing off the potential of the network. “Potential” is the key word. We know scalability doesn’t happen overnight.

Jon Poole @coincidencejon

Visa processes ~150M transactions per day w/ 1.29% - 2.54% fees ETH processes ~1.371M transactions per day w/ fees averaging ~$7.059 @OasisProtocol’s Emerald increases transaction throughput to 1K/sec & reduces fees by 99%+ compared to ETH Which do you choose? $ROSE #Blockchain

LFG indeed.

VΣGΣƬΛ @VegetaCrypto1

.@OasisProtocol 🔸Oasis is the leading privacy-enabled, layer-1 blockchain network. Combined with its high throughput, low gas fees and secure architecture 🔥Just raised $160M to grow the Oasis ecosystem & build the next frontier of #Web3 #dApps LFG!

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!🚀 https://t.co/xRLurcEKAg

Route 2 Fi is bullish and sees the DeFi potential with the Oasis Network.

Route 2 FI 🌖🐸 @Route2FI

Just bought a bag of $ROSE for $0.24 (up 20% in the last 24H) for some of the money I had in $CAKE. The fundamentals look good for $ROSE (@OasisProtocol) right now. They just raised $160M to grow the ecosystem. Could potentially become a serious player in DeFi. LFG, anons!

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!🚀 https://t.co/xRLurcEKAg

Crypto Puppy points out that Oasis Labs has connections to quite a few tech giants.

C🅡ypto ⓟuppy @Crypto_Puppy_

It's not only Facebook/Meta Metaverse! It's Google, Microsoft, Intel and other big guys !! $ROSE

cryptodavinci 🌹🌋 @crypto__davinci

companies joined ⁦⁦@linuxfoundation⁩ confidential computing consortium which includs ⁦@OasisLabs⁩ alongside with ⁦@Google ⁦@Microsoft⁩ ⁦@intel ⁦@TencentGames ⁦@Huawei⁩ very bullish for $ROSE 10x soon Article Link: https://t.co/IQmMB8TV3h https://t.co/10kqpLmDzu

Adding some more context to the significance of launching EVM compatibility.

MetaKing @jamsjamin

It's amazing that @OasisLabs and $Rose already have #EVM (Ethereum Virtual Machine) compatibility but @solana $sol just raising funds to do this now, $Rose with its partnerships is top 20 coin material. 1 B MCAP vs 67 B MCAP. coindesk.com/business/2021/…

coindesk.comOasis Foundation Launches Emerald, an EVM-Compatible Smart Contract EnvironmentOn the heels of launching a $160 million investment fund, Oasis is now laying the groundwork for decentralized finance and NFTs.

We all want to retire. Listen to the good man.

ⓟolⓚad⬡t ₿🅡own @bitcoin_brown

We all hate/ dislike Facebook and it's centralised platform however, with $ROSE partnering with their new venture @MetaAI you would be crazy not to make money off the backs of Zuckerberg and the gang. Join us, and let's fucking retire!

Crypto Degen Lord @CryptoShakey

$ROSE is the easiest 10x you can grab. Facebook is the biggest partnership crypto has ever seen. No hyperbole. FACT! This will fly and barely pull back. @bitcoin_brown, the man who called $OLT, will be your spirit animal on this journey to financial freedom. #ALTSEASON https://t.co/8mbXay1PMd

Sometimes you just have to buy the coin (DCAing always recommended by Alpha though).

Biz @Adouble212

Capo: $ROSE going to do a Metaverse get in now its like 20 cents. Me: I need a dip Narrator: the dip never came and Biz was left holding his dick in his hand.

If you are looking for a real deep dive into the fundamentals of $ROSE, then here’s your thread.

Oma🅡 - ✤ - ⓟ @OmarReserved

I finally decided to dig deep into one of the most intriguing projects in my list, @OasisProtocol. I added $ROSE to my list some time ago but never had the chance to get into it until this week. Time for thread 🧵

How’s the TA for $ROSE?

Unsurprisingly, given all of the bullish stuff above, $ROSE is in price discovery.

Importantly, it has been very strong against $BTC.

Cheds @BigCheds

$ROSE (USDT) relative strength

Shelby @CryptoNewton

$ROSE

A bit of hopium to finish with.

And that’s your alpha.