OAX Foundation set out in 2017 with the conviction that decentralized finance and digital assets would be an integral part of the future of mainstream finance and commerce. The Foundation’s deep-seated beliefs for the collaborative nature of decentralized finance has served as a basis of engagement for working with key players in the space to explore and push the potential of technology. As the space evolves and the market matures to offer comparable options to those looking for alternatives from traditional financial ecosystems, the need to develop the technology and address the limitations of this new industry is imperative to its success. Such was the need to address the four main shortcomings identified by the Foundation: speed, scalability, interoperability and trust.
From decentralized or centralized exchanges, to the days of ICOs and STOs and the budding seeds of DeFi, the exploration of these technologies require pioneers within the space to work together to address these challenges. OAX Foundation strives to provide support within this space, through tools, technology, applications and community support.