Oasys: A bridge between Web2 and Web3 in the blockchain gaming track

Author: Stan, Golden Finance

Japan is undoubtedly a gaming power.

In the traditional gaming field, many excellent game brands have been produced, such as Nintendo, Sega, Bandai Namco, etc. Japan is also the world's third largest gaming market, with a good soil for game development and innovation capabilities.

With such unique conditions, what kind of sparks will be generated by Japanese Web2 games entering the blockchain game? What kind of changes will it bring to the current blockchain game ecology?

Game public chain Oasys can answer this question well.

Game public chain, Japan is indispensable

Japan is one of the first countries to regulate cryptocurrencies. As early as 2017, Bitcoin was approved as a legal form of payment. However, in view of some local crypto crimes, the government's supervision of the crypto industry is also very strict. Unlike the United States, which does not clearly state the rules that need to be followed in the development of blockchain projects, Japan has clear policy guidance for blockchain projects. Coupled with Japan's tradition of developing the game industry, blockchain games have become the most important track in Japan's crypto field.

According to a market survey by Pacific Meta, a leading Japanese Web3 consulting company, about 90% of the 1,030 respondents aged 20 to 70 living in Japan have a neutral or positive view of Web3 games, which is different from the general negative attitude of most gamers in the North American market towards Web3 projects such as NFT.

Oasys was born in this context. Oasys was co-founded by Japanese game executives from Bandai Namco, Sega, Gum and Double jump.tokyo. It is a sidechain compatible with Ethereum EVM. It includes two different chains: Oasys Hub (L1) and Verses (L2).

It is this two-layer architecture that meets the needs of game developers to the greatest extent while complying with Japanese laws. Specifically, this deep structure not only realizes the customization needs of native chains for developers to control the game economy, but also ensures the highly decentralized and secure characteristics of public chains, and also ensures that developers meet the relevant provisions of Japanese laws on crypto asset transactions.

Currently, many game companies have become node validators of Oasys, including world-renowned traditional game companies such as SQUARE ENIX, SEGA, NEXON, and UBISOFT, as well as top Web3 game companies such as MYTHICAL, double Jump Tokyo, and game union YGG, as well as large companies in non-game industries such as Softbank and KDDI.

From the identities of these participants, we can see that traditional game manufacturers in Japan have extremely high enthusiasm and action to enter the blockchain game. On the other hand, it also shows the trust of these game companies in Oasys.

Oasys is indeed trustworthy, such as Nakatani Hajime, director of Bandai Namco Research Institute, Gabby Dizon, co-founder of YGG, and Uchimi Shufu, president of SEGA. The representative director once worked for Doublejump.tokyo, a Japanese blockchain game development company.

Both the industry and ordinary gamers have high trust in Oasys. Of course, Oasys has lived up to this trust.

Breaking the Ponzi deadlock of "Play To Earn" in traditional blockchain games

As of March 2023, Oasys has announced 60 games, 30 of which are already playable.

Golden Finance reporters combed through its on-chain games and found that there are many works of web2 manufacturers on it, which = a great guarantee for the playability of blockchain games. It is precisely because of the support of various game giants that these excellent blockchain games can be born on Oasys.

Oasys's ecological construction has changed the previous "Play To Earn" Ponzi cycle of blockchain games, which is an innovation in the current blockchain game ecology.

For example, Champions Tactics: Grimoria Chronicle launched by Ubisoft, its NFTs have been very popular before it was officially launched. This is a player-versus-player (PvP) tactical role-playing game (RPG). The game is set in the dark and mysterious world of Grimoria. Players will have the opportunity to form a team of mythical champions and engage in tactical battles with other players. By integrating blockchain technology, the gameplay is enhanced, promoting the confirmation of in-game assets and cultivating a vibrant in-game economic system.

The blockchain game Three Kingdoms War is adapted from Sega's classic arcade collectible card battle game "Three Kingdoms War" and has been officially authorized. The new work restores many well-known generals in the original work and makes a series of adjustments, including abilities and portraits. Because of the chain, all cards will be made into exquisite NFT transactions and issued. CoinMusme is an idol development chain game. The story is set in a CoinMusme academy established by a mysterious figure, Satoko Nakamoto. The academy is in crisis of closing due to the plunge in cryptocurrency prices. Students stepped forward and became idols to save the school. The gameplay is that players need to select excellent cryptocurrency girls and train them into professional idols to gain more benefits and achievements. The advantage of this game is that it well integrates Japan's idol development culture, games, music, and blockchain. It can better realize the combination of the virtual world on the chain and the offline world, while increasing the possibility of IP development. The above three are very representative games on Oasys. The story structure and fun of its chain games have been greatly improved. The combination of blockchain and games has truly enabled blockchain to help users confirm the ownership of assets in the game and cultivate a virtuous economic system in the game. It is with the support of Oasys that the efficiency and security of game transactions have been significantly improved.

Continuously expanding extension and deepening cooperation

In addition to vigorously expanding the game ecosystem on it, Oasys has also been actively cooperating with other public chains. At the end of 2023, Oasys reached a cooperation with TOKI to achieve interoperability with IBC. Oasys consists of Hub (Layer1) and multiple Verses (L2), and is trying to use technologies such as IBC and ommichain from LayerZero to enhance the interoperability between Verses (L2). After introducing the cross-chain function, Oasys will support one-click cross-chain payments and DEX transactions.

In addition, Oasys has also reached a cooperation with Korean gaming giant Com2uS, which is a big step in expanding overseas markets. Com2uS is well-known for its global success in games such as "Summoners War: Sky Arena". Through this cooperation, Com2uS became the initial node validator of Oasys. XPLA, a subsidiary of Com2uS, participated in this cooperation, and Com2uS plans to use Oasys' Verse technology to launch large-scale Web3 games in Japan. For example, it announced that it will launch its 3A chain game "Summoners War: Chronicles" on Oasys. The cooperation with Com2uS also highlights the industry's recognition of Oasys' potential to revolutionize the gaming industry through blockchain technology.

Rakuten Wallet has also reached a cooperation with Oasys. It is not only a validator of the node, but also will explore the possibility of connecting the Oasys ecosystem with the services developed by Rakuten Wallet. Oasys can also apply Rakuten Wallet's extensive expertise in strengthening network security and consensus protocols.

Oasys has also reached a strategic cooperation with Fireblocks, a digital asset infrastructure provider. The cooperation between the two will help developers solve key challenges in digital asset management and security, thereby significantly enhancing the prospects for Web3 game development.

Oasys has the characteristics of zero handling fees and high speed. As a professional game public chain, it has achieved unquestionable excellence. And through the above cooperation, we can see that Oasys is not only making a game public chain, Oasys is actively engaged in the construction of the blockchain industry, focusing on the technological innovation and development of the industry. And it is in the cooperation with the industry's leading projects that Oasys continues to deepen the industry and contribute to the development of industry technology.

In November 2023, Oasys received a new round of financing, which was participated in by Nexon and crypto asset investment company Galaxy Interactive. This round of financing has brought Oasys's valuation to US$200 million. Capital has a keen sense of smell. They are eyeing the future prospects of Oasys and the unlimited potential of blockchain games in this bull market.

Building a bridge between Web2 and Web3 in the gaming field

Blockchain games are not a new narrative in this bull market. They have been developing along with the three cycles of the industry. As the track with the widest connection to Web2 users, it has always been sought after by capital. However, there has been no chain game that can attract a large number of We2 users to join and break the circle. In particular, the chain games in the past few years have focused too much on "play to earn", which is essentially a Ponzi game, but it is just a game shell. This has also accumulated a lot of bad reputation for chain games inside and outside the industry.

Now, the stage of wild growth has passed. The development of chain games has also come to a new stage - the emphasis on playability. More capital and institutions have also intervened in this track.

For example, Binance launched multiple blockchain game projects around the New Year of 2024. This not only reflects its confidence in the potential of blockchain games, but also shows that Binance hopes to promote blockchain games to regain their dominance in the currency circle. There is no doubt that Binance chose to increase its investment in blockchain game projects at this time, precisely because it saw the overall recovery trend of the blockchain game track and the market's recognition of the potential of blockchain games.

According to the My Meta Data data of the blockchain game platform, the number of active users in the blockchain game track has been rising since May 2023, from about 700,000 to 2.2 million, an increase of 214%. The number of games has increased from 2,300 to 2,800, an increase of about 21.73.

From the perspective of financing, the number and amount of financing in the game track have both rebounded in the second half of 2023. And the total amount of financing ranks second only to the DeFi track.

The above data and phenomena are showing investors that blockchain games will be an important narrative in this round of bull market. And we can also see through the development of Oasys that traditional game giants are also actively deploying blockchain games. At present, exquisite production, vivid game plots and good game experience can be combined with asset chaining and good economic models, which is the definite direction of blockchain game development and the high ground that traditional game manufacturers are competing for.

And Oasys is the underlying cornerstone of the development of blockchain games. Deeply cultivating the characteristics of high interactivity of games, it meets the high requirements of blockchain games for blockchain storage and computing speed. It can also build good relationships with many traditional game manufacturers. It is the intervention of these experienced development teams that brings a qualitative leap in the playability of blockchain games, and combines the economic model of blockchain to create a richer industry.

Oasys is a bridge connecting Web2 and Web3 in the field of games. Once the bridge is opened, the waves of change will sweep across both sides.

https://www.oasys.games/?utm_source=press&utm_medium=ji