Oasys Launches Decentralized Governance Framework to Drive Blockchain Gaming Growth
SINGAPORE –News Live– Oasys
SINGAPORE – Media OutReach – 19 January 2023 – Oasys, a game-optimized blockchain for gamers and developers to build on Web3, today announces the launch of its new decentralized governance framework, which will empower project stakeholders to play a leading role in determining the future of Oasys blockchain and drive the growth of the blockchain gaming ecosystem.
The governance framework is an important first step for Oasys to realize its vision of being fully decentralized and autonomous blockchain gaming ecosystems. Decentralization is one of the core principles of Oasys, and will enable the wider gaming community to participate in the decision-making process to determine the direction and development of the blockchain.
Oasys will implement its governance framework in a series of strategic phases, starting in Q1 2023 and continuing through Q2 2024. This phased approach will gradually delegate decision-making authority to Oasys token holders in a democratic and transparent manner. The phased approach will also allow Oasys and its partners to address security and centralization risks, leading to better decisions that will help improve overall industry standards.
To begin with, Oasys will first appoint a “Genesis Council”, a temporary decision-making entity made up of trusted partners from both the traditional gaming industry and the blockchain gaming industry. The Genesis Council will oversee the strategic direction and setting of decentralization standards for Oasys.
Starting in 2023, Oasys will then launch its official Decision Council, where members will be officially appointed by the community and assigned operational roles, along with an increasing number of token holders. This will be an integrated, definitive mechanism to replace the Genesis Council and delegate voting responsibility to the public.
Oasys enjoys strong institutional support from major game developers and publishers, many of which have become core validators and supporters, including SEGA, Square Enix, Bandai Namco, Ubisoft, WeMade, double jump.tokyo and Yield Guild Games. Since its inception, Oasys and its partners have been fully committed to enabling token holders to independently participate in making important decisions on the blockchain.
Daiki Moriyama, director, Oasys, said: “We are unwavering in our belief in the principles of decentralization, and democratizing decision-making for the wider gaming ecosystem. Oasys is at the forefront of setting standards for the future of gaming, and with our new governance framework we hope to bring about mass adoption of blockchain gaming.”
One of the first decisions to be addressed by Oasys’ “Genesis Council” will be to establish NFT metadata standardization, to create an optimal medium for future blockchain games and metaverses, and further drive the interoperability of NFTs.
About Oasis
Established in February 2022 to increase mainstream play-and-earn adoption, Oasys committed to partnering with 21 game and Web3 technology companies to serve as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games. Led by a team of blockchain experts and teaming up with the biggest gaming company names to serve as the first validators, Oasys is revolutionizing the gaming industry with its Proof-of-Stake (PoS)-based eco-friendly blockchain.
Focused on creating an ecosystem for players and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain that offers the best user experience with fast transactions and zero gas fees for users makes participants ready to enter Oasys and play.
More information about Oasys is available at:
Website: https://www.oasys.games/
Twitter: https://twitter.com/oasys_games
Disagreement: http://discord.gg/oasysgames
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