OasisX MultiChain NFT marketplace the Oasis for NFTs in the MENA region

 

The NFT (Non Fungible Token) marketplace trading volume is currently at around 4 billion USD per month despite the crypto bearish sentiments. Yet, the NFT segment is still far from saturated or mature, thus promising massive opportunities. Dubai-based OasisX, the first multi chain curated NFT Marketplace and Creator Studio is launching in a few weeks, paving the way for MENA based creators, collectors, and brands to take part in this new digital era. The platform has already on boarded more than 100 artists for its launch in addition to multiple regional brands for web3 activations.

Najib Khanafer, Ramzi Mneimneh, and Jimi Ibrahim decided to take on the challenge of building secure and accessible tools to navigate the NFT and web3 world, bringing meaningful impact to artists, creators, collectors and brands from the region. All three have extensive knowledge in crypto, blockchain and technology and have been early adopters of this disruptive digital trend According to the founders, Web3 is a more trustworthy foundation for achieving financial freedom; and NFTs represent a first, modest step towards solving one of the core problems of Web 2.0: digital applicability and ownership.

LaraontheBlock sat down with the Co-Founder of OasisX Najib Khanafer to learn more about the founders’ story and their unique and innovative platform, predicted to onboard artists, creators and collectors into the realm of NFTs.

What is OasisX?

As the name suggests, an oasis is a fertile ground in the middle of the desert, where water and plants are found. The X in OasisX is for Xploration, and marks the final destination for creators, collectors, and brands to position themselves on the web3 map. OasisX is a world where creativity is unlocked and where everyone can belong and discover their full potential.

NFTs have the right formula for success in MENA. Creative talent, culture, and the rich history of the region coupled with right tech infrastructure and regulatory environment will drive adoption. Khanafer states, “We are building the tech foundation and frontier to bridge the gap between MENA creators and web3, while providing collectors with a new way to support, own and trade in the upside of creativity.”

The broad NFT ecosystem continues to grow and expand, branching out into various new fields that have yet to be explored. At OasisX, users will be exposed to a wide range of categories, including 1/1 art, editions, PFPs, domain names, metaverse objects, music, and many more. To cater to that, OasisX supports the creation of NFTs using different multimedia types such as images, gifs, videos, audio, AR/VR, 3D objects and even documents.

Khanafer states: “We are still just scratching the surface of NFT applications. OasisX aims to support future use cases beyond digital art and collectibles, the obvious being other forms of creative output like utility NFTs and financial contracts (real-world assets). ”

With this in mind, OasisX intends to empower communities by supporting ownership through its inclusive NFT marketplace and Creator Studio, which will unlock new opportunities for artists, creators, brands, and collectors.

NFTs at scale done easy

The current NFT journey is complex, expensive and out of reach for artists, creators and creative teams. The Creator Studio, LaunchX, will securely enable its users to create, manage and mint NFTs at scale, without a single line of code, and at a highly reduced cost.

Khanafer explains, “We created a product that gives creators and brands the opportunity to engage with a tech trend. LaunchX is powered by an AI art generator, a smart contract creator and minting page editor, preserving true creative ownership.”

The user-friendly platform removes the barriers to entry for anyone who wants to tokenize their IP, while reducing the go-to-market and NFT deployment time from months to minutes. In short, LaunchX will enable NFT project creation in a few clicks.

Community empowering NFT Marketplace

As for the Marketplace, it allows users to list and shop NFTs on multiple chains including Ethereum, Polygon and Solana, while offering simple on boarding, non-crypto checkout options, and many other power tools such as bulk creation. Additionally, in its efforts to serve the MENA region, OasisX supports Arabic language on the platform.

Building the Oasis

After raising its pre-Seed round led by angel investors; the company is now looking to raise an additional 3 million USD in a new funding round. A majority of the funding will go into scaling the team, product and brand.

OasisX founders envision a future where the company will continue to exploit the potential of this technology, cementing it as a web3 powerhouse from the MENA region.