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Gamefi-Focused Oasys Blockchain Launches Mainnet With Support From Sega, Ubisoft And Bandai Namco – Blockchain Bitcoin News
Oasys, a Web3, EVM-compatible, gamefi-focused blockchain project, launched the first phase of its mainnet on October 25th. The company, which has gathered support from AAA game companies such as Sega, Ubisoft, and Bandai Namco, will begin validating blocks from all nodes in preparation for the definitive activation that will take place on November 8.
Oasys launches Mainnet Operations
Oasys, a blockchain project that aims to serve gaming companies by offering fast transactions with zero fees, has taken its first step towards being fully operational. The company recently announced that it has launched the first phase of its mainnet activation, with validators on the network already talking to nodes and testing the main functions of the chain.
The chain’s validator set consists of 21 companies, including AAA names like Sega, Bandai Namco, Square Enix and Ubisoft. The full mainnet launch is predicted to happen on November 8, when the chain will begin to integrate the essential components of the system with the larger ecosystem.
Daiki Moriyama, director at Oasys, stated:
The launch of the Mainnet is a significant step forward in creating a fully functional, public-led gaming blockchain that will transform the future of gaming and provide great value to both players and game developers.
This launch comes after the company received an audit from Quantstamp, a smart security audit company, certifying that the smart contract system is working properly. Oasys raised $20 million in a private token sale in July, with participation from Republic Capital, Jump Crypto, Crypto.com, Huobi, Kucoin and Gate.io. However, the company is still working on making its token available to general investors on multiple exchanges.
Gamefi focused
Oasys wants to carve out a place in the growing gamefi market (the intersection of gaming and finance) by offering a player-friendly chain that is marketed as organic and fast, and also takes the fee issue out of the equation. The sector is currently valued at $8 billion and is expected to grow exponentially, reaching a value of more than $50 billion by 2025.
Several companies have already partnered with Oasys to use its upcoming network as a basis for their Web3-involved projects. Among these is Sega, which will launch its first licensed blockchain game, to be developed by Double Jump Tokyo, using Oasys’ services to integrate Web3 elements.
Square Enix, another AAA game company, will also explore the development of blockchain-based games as part of a partnership with Oasys.
What do you think of Oasys’ mainnet launch? Tell us in the comments section below.
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