Oshen, first ever Adventures-based NFT Marketplace on Reef Chain

The Reef Chain development juggernaut continues to roll on, gathering more complimentary projects to its ecosystem. Oshen is the latest addition to its developing ecosystem.

Oshen is an exclusive Adventure-based NFT marketplace showcasing elite Athletes on Land, Sea, and Air. Oshen provides Athletes and Natural world Artists a place to offer their best content, market their art, and reward them for their work.

Oshen enters an already vibrant marketplace, where Athletes and Natural world Artists already have a ready customer base in television, print, and digital media, as well as decorative artworks displays and exhibitions. The NFT marketplace bull run adds an extra dimension to valuation and earnings on the contents these elite performers produce.

Reef Finance is building Reef Chain, a DeFi blockchain built using Substrate Framework. Reef Chain provides high scalability, enabling almost instant low-cost transactions, and supports Solidity and EVM, allowing developers to seamlessly migrate their DApps from Ethereum without any change in the codebase. Our vision is to make DeFi easy for everyone to invest in and build DeFi applications on top of Reef Chain.

The Oshen marketplace is built and scheduled to launch in a few days on the Ethereum blockchain. However, the Oshen team aims to integrate Reef Chain for the following reasons:

• Higher transaction completion rate, which directly translates to higher scalability
• Lower transactions fees, cutting unnecessary costs in the NFT marketplace
• DEIP network bridging the ERC20 and BEP20 with Reef Chain makes the marketplace accessible to more buyers
• Reef Debit Card also improves the adoption potential

Market Opportunity

Oceans cover over 70% of the earth’s surface. They act as a biosphere for aquatic animals, locations for sports and recreational activities, and provide beautiful imagery for documentary and aquatic film producers. Producing quality still image and film assets in the natural world is expensive and requires high levels of expertise. However, there is a massive demand for these categories of content.

Hence, a need to appropriately reward everyone involved in the production process while making it easier for buyers to assess and access the content produced as NFTs creates this unique opportunity.

Adventure sports like Surfing, Kiteboarding, Paragliding, Mountaineering, etc., are niche and not areas that everyone can excel in. These sports require extreme discipline and practice for years. They also need world-class photographers and videographers to capture this unique content. Oshen offers NFT buyers an opportunity to own a piece of the prime time of the Athletes performing in these fields as NFTs.

Oshen believes that preserving our natural environment is key to our survival as a species. A percentage of platform revenue goes to foundations dedicated to conserving and preserving our natural habitats. These include organizations such as Greenpeace, SeaSave.org, Project Aware, Oceana, Plastic Oceans, etc.

“We were delighted when we got the opportunity to move our exciting project on to the Reef Chain and all the utility it provides. Oshen is the first of its kind as an adventure-based NFT marketplace with a real-life impact on our natural world. Working with Reef greatly increases the impact that we could have in both the virtual and physical worlds.” — Mitch Rankin, Oshen Co-Founder.

“We are committed to building out the Reef ecosystem and thus were elated to learn about Oshen, a truly complementary solution to our growing list of DAPPS. We love the idea of world-class athletes engaging with their fans in this new proactive manner through Oshen and look forward to this team building out their solution on Reef Chain.” Valeria Kholostenko, CMO, Reef Finance.

Important Links: Reef Website | Reef Twitter | Reef Telegram | Oshen Website | Oshen Twitter