SoftBank Corp. participates in Blockchain Project Oasys for social implementation of Web3

A Japanese mobile operator, SoftBank, has partnered with global gaming blockchain, Oasys, to explore the broad integration of Web3 technologies into society

Singapore and Tokyo, Japan – (Newsfile Corp. – February 15, 2023) – Oasys Pte. Ltd. (“Oasys”) announced today that SoftBank Corp. (“SoftBank”), a Japan-based telecommunications operator, has become an official validator of Oasys, a game-optimized blockchain designed for both gamers and developers, focusing on the future of blockchain gaming.

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SoftBank’s recognition of Oasys’ superior mechanism that serves both users and IP (intellectual property) holders, along with its advanced technological capabilities, has led to their decision to participate in Oasys’ blockchain. This partnership extends beyond Softbank’s role as validators, as the two companies explore potential collaboration, including the development of blockchain-based services, in the future.

Bandai Namco Research, SEGA, Square Enix, Netmarble and 17 other companies are among the first 21 validators for Oasys. Starting with SoftBank, Oasys will invite other companies with a high level of trust and performance on a global scale to participate as validators, further stabilizing and strengthening the Oasys network.

In the next group of validators, four more companies will join the network, bringing the total to 25. In the medium term, Oasys plans to further decentralize the network by enabling public participation through a council and removing the limit on the number of validator seats as long as the necessary requirements fulfilled.

Keiichi Makizono, Senior Vice President & CIO of SoftBank, said, “We are very excited about Oasys blockchain’s flexible, user-centric architecture, which meets the needs of both users and IP content owners, and look forward to working with Oasys to advance Web3’s social implementation and solve social problems.”

Daiki Moriyama, CEO of Oasys, said: “We are honored that SoftBank shares our vision for Oasys and has chosen us as a business partner for Web3. With SoftBank as a validator, Oasys will not only expand the stability and ecosystem of the Oasys chain, but also aim to strengthen business cooperation with Oasys. We look forward to working with SoftBank to develop the blockchain gaming industry by fostering relationships and synergies with group companies and partners.”

In just over a year since its formation, Oasys has fully launched its mainnet blockchain protocol, with over a dozen playable games available on the blockchain. On January 31, 2023, the company announced plans to list on the leading Japanese crypto exchange, bitbank.

About Oasis

Established in February 2022 to increase mainstream play-and-earn adoption, Oasys committed to partnering with 21 gaming and Web3 technology companies to act as validators, such as Bandai Namco, 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:

About SoftBank

Guided by SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) telecommunications services and combines them with advanced technology to develop and operate new businesses in Japan and globally. In the fiscal year ending March 2022, SoftBank Corp. recorded 5.7 trillion yen in revenue, 985.7 billion yen in operating income, and at the end of December 2022 had 319 group companies (245 subsidiaries and 74 affiliates), both in Japan and abroad. SoftBank Corp. has 39 million mobile subscribers and 8 million broadband subscribers in Japan, and through its group companies Yahoo Japan Corporation, PayPay Corporation and LINE Corporation, 86 million online media users, 54 million smartphone payment users and 92 million communication app users, respectively. (from 3 February 2023). With this strong business foundation and compelling number of customer touch points, SoftBank Corp. is expanding. into non-telecom fields in line with its ‘Beyond Carrier’ growth strategy, while further expanding its telecom business. By fully leveraging the power of 5G, AI, IoT, Digital Twin, Non-Terrestrial Network (NTN), including High Altitude Platform Station (HAPS)-based stratospheric telecommunications, and other key technologies, SoftBank Corp. with the aim of realizing “Implementation of digitization in society”. In recognition of its ESG initiatives, SoftBank Corp. selected for inclusion in the Dow Jones Sustainability Indices, FTSE4Good, 2022 Constituent MSCI Japan ESG Select Leaders Index and other leading global ESG investment indices.

To learn more, please visit https://www.softbank.jp/en/

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