YGG-backed Oasys blockchain hopes to take P2E gaming mainstream

Published at: Feb. 17, 2022

The team behind the new gaming-focused proof-of-stake blockchain Oasys say that it’s been designed to increase mainstream play-to-earn (P2E) adoption.

The Singapore-based firm (Oasys PTE. LTD) behind the new chain touts its scalability, eco-friendly PoS blockchain, “zero gas fee experience” and the portability of digital assets between different projects built on the blockchain as key drawcards for developers and users.

The founding team includes a host of names from top crypto and gaming firms including Bandai Namco Research president and CEO Hajime Nakatani, Sega Corporation co-COO Shuji Utsumi, double.jump.tokyo CEO Hironobu Ueno, Thirdverse CEO Hironao Kunimitsu and Yield Guild Games (YGG) co-founder Gabby Dizon.

The Oasys blockchain officially launched on Feb. 7 and has partnered initially with 21 gaming and Web3 tech companies to act as validators, with Dizon’s crypto gaming guild YGG signed on as one of the first.

As part of the launch last week, Sega Corporation’s Utsumi highlighted the importance of building a scalable blockchain gaming ecosystem that also recognizes “the need to have an eco-friendly platform that takes into account important societal and cultural considerations.”

The much debated environmental impacts of proof of work blockchains have been a bone of contention for many in the traditional gaming community, who have pushed back against several firms that have started to make moves into the NFT sector.

Speaking with Cointelegraph, YGG co-founder Dizon echoed Utsumi’s environmental sentiments when he stated that:

“For developers, there will always be trade-offs in choosing the right blockchain to build on and each one is focused on solving different challenges and optimizing certain features. Oasys is focused on improving user experience for gamers through scalability while also reducing environmental impact.”

While Dizon was tight-lipped on any upcoming announcements or partnerships, the YGG co-founder stated that the Oasys team's ties to Japan via its founders would help create “a gateway to the blockchain for major Japanese IP.”

“Japan has always been a world leader in gaming and its cultural influence has had a huge impact in shaping the industry as we know it today,” he said.

Related: Major crypto exchanges eye Asian market amid growing regulatory clarity

Speaking on the blockchain gaming sector in general, Dizon bullishly predicted that the market could see more than a 7X increase on the 1.4 million active wallets that interacted daily with blockchain gaming apps as of late 2021.

“Gaming is the best use case the world has ever seen for blockchain and I believe we will see 10 million wallets interacting with blockchain games before the end of this year,” he said.

Oasys head of marketing Kokushi Hattori said that the company expects numerous mainstream gaming companies to launch P2E games in 2022, and its gaming blockchain was developed to be at the forefront of the “explosive growth” of the sector:

“To realize that prediction, Oasys decided to lead rather than follow and optimize itself and its architecture to support mainstream adoption starting with gamers and ending with consumer users.”

“In the near short term, our main focus will be to attract game developers, content creators and gamers to start building early adoption among the gaming community so gamers can connect, create and play within the Metaverse,” he added.

Tags
Blockchain
Nft
Blockchain Game
Games
Proof-Of-Stake
Gaming
Related Posts
Crypto-skeptic gamers review bomb Storybook Brawl after FTX buys it
Indignant gamers have review bombed Storybook Brawl on Steam over fears of potential NFT and blockchain integrations following crypto exchange FTX’s acquisition of its developers Good Luck Games, LLC. Storybook Brawl is a free-to-play auto-battle card game that was launched on online gaming platform Steam in mid-2021. The game’s review history showed an overwhelming amount of support until March 22, the exact day FTX US announced its acquisition. Since that time, the game has moved to an “overwhelmingly negative” status with 600 out the last 761 reviews being negative. While it is possible for anyone who hasn’t played the game …
Blockchain / April 1, 2022
Crypto gaming and the monkey run: How we should build the future of GameFi
You’ve seen it before. An amazingly talented gaming founder teams up with a top-tier studio, promising to create a wondrous game experience built on the industry’s most powerful engines. But then, it happens: It’s paired with a dubious shitcoin that launches well before even a morsel of game content drops. In the not-so-distant past, mainstream media may have referred to the hype-fueled crypto bull market — but, with Bored Ape floor prices still in the clouds, we’ll respectfully call it what it is: the monkey run. Market volatility aside, Metaverse evangelists still claim that Web3 finance will revolutionize the way …
Adoption / May 21, 2022
Solved! Mystery owner of the huge Axie Infinity SLP wallet is revealed
After much speculation, the wallet hodling more than 22 billion of Axie Infinity’s total supply of in-game token Smooth Love Potion (SLP) has been identified as an address belonging to Binance. The wallet was first highlighted by Axie Infinity player and tech co-founder Michael Benko, who raised concerns about it having over 50% of SLP’s total circulating supply, which could potentially have an impact on the game's ecosystem. Following a Cointelegraph report on the matter, Axie Infinity co-founder Jeff Zirlin confirmed on Twitter that the address is a “Binance Ronin gateway contract.” A previous statement to Cointelegraph from Sky Mavis …
Blockchain / Sept. 1, 2022
NFTs bring in-game ownership to a new level, says Blokhaus founder
Nonfungible tokens (NFTs) have taken the gaming world by storm. Whether it’s through limited edition collectibles, avatar enhancement or play-to-earn incentivization, digital assets have given in-game ownership a new meaning. The ways in which NFTs are available to players are becoming increasingly tangible. In the case of Blockxer, the latest blockchain game from Blokhaus Inc., every component of the game has been NFT-ized and available for modification by users. Mark Soares, the founder of Blokhaus Inc., told Cointelegraph that when every aspect of the game is an NFT, users can create completely “bespoke” game experiences. Everywhere a user turns in …
Blockchain / Sept. 24, 2022
Blockchain gamers surge as users attempt 'stacking crypto,' says DappRadar
User activity on blockchain gaming decentralized applications (DApps) surged in September, with a host of games posting significant increases in the number of active users. According to data from DappRadar, seven out of the top 10 games in terms of the number of “unique wallet addresses interacting with dapp’s smart contracts” increased over the past 30 days, with all of the top five games being in the green during that time frame. At the time of writing, the DApps registering growth in the period include Web3 gaming platform Gameta, and blockchain-based games Alien Worlds, Solitaire Blitz, Benji Bananas, and Splinterlands, …
Blockchain / Sept. 30, 2022