Oasis Protocol Joins Forces With NFTb To Enhance Privacy In Auctions, Collectibles

The Oasis Protocol Foundation is collaborating with NFTb, a multifaceted platform backed by Binance Labs.

What Happened: The goal is to elevate privacy standards in the realms of digital collectibles and gaming within the crypto space.

In a move to address the growing need for confidentiality in areas beyond traditional financial functions, the Oasis Foundation has approved a grant for NFTb.

This grant is intended to bolster NFTb’s mission of integrating Oasis privacy technology into its platform, thereby enhancing privacy in digital collectibles and gaming.

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Why It Matters: NFTb is a multichain social gaming hub with DeFi features, bridging the gap between NFT creators, games, players, communities, collectors, and investors.

The collaboration with Oasis aims to empower NFTb’s ecosystem with a "Smart Privacy" feature. NFTb will also launch its marketplace on Oasis Sapphire, which will facilitate a range of advanced features, including sealed bid auctions.

This auction mechanism aims to address common issues in the NFT space, such as gas wars and poor price discovery, by ensuring enhanced privacy and fairer bidding.

William Wendt, Business Development Manager at Oasis, emphasized the importance of NFTb's work in bringing confidentiality to collectibles and gaming, and raising the standard for privacy in the burgeoning marketplace.

What's Next: NFTb will soon be rebranded as PixelRealm in 2024,

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