What is OAX?

Could you please elaborate on the concept of OAX? I've heard it mentioned in the world of cryptocurrency and finance, but I'm not entirely sure what it stands for or how it operates within the industry. Is it a specific type of cryptocurrency, or does it serve a different purpose? I'm particularly interested in understanding its unique features and how it contributes to the broader ecosystem of digital assets. Can you provide a concise yet comprehensive explanation of OAX, including its purpose, functionality, and potential impact on the market?