The global gaming industry is a financial juggernaut, raking in hundreds of billions in revenue annually. Oasys Oasys has developed a Web3 ecosystem tailored for gaming. As the demand for genuine Web3 asset ownership increases, the platform is strategically positioned to excel in the expanding metaverse environment.
As gaming evolves, the Web3 wave will redefine digital asset perception. Gamers are unlikely to settle for experiences without ownership, as blockchain and NFTs elevate this aspect.
Oasys stands as a beacon of Web3 philosophy, granting players and developers true ownership. When fully operational, its metaverse will function as a DAO, empowering the community with developmental control. It holds the potential to set new benchmarks in global gaming innovation.
Diverging from many Web3 platforms, Oasys employs a multi-token system. It's designed specifically for gaming, offering developers unparalleled flexibility in monetizing their offerings, a testament to its groundbreaking approach. Expect significant buzz around Oasys in 2024.
Building on robust financial backing, Oasys is poised for expansive growth.
Oasys recently Successfully secured $20 million USD in capital for future endeavors. This funding, earmarked over six years, had Republic Capital at the helm, with participation from Jump Crypto, Gate.io, Bitbank, Crypto.com, Huobi, Kucoin, and Mirana Ventures.
Daiki Moriyama, a director at Oasys, stated that the private token sale,“doesn’t dilute the equity of our project that we firmly believe in…(and)…allows us to reach a broader base of backers than a traditional equity fundraiser will.”
Alongside its strong financial base, Oasys is forming alliances with premier companies, recently teaming up announced a partnership with GroundX, a major name in South Korean blockchain gaming, under Kakao's wing. There's also a planned integration with KakaoTalk through Klip Wallet SDK.
Innovation for Multiverse Gaming
Oasys is equipping the global Web3 gaming community with cutting-edge tools. Its latest offering, the Oasys Passport wallet app, emphasizes the importance of asset ownership within its development framework.
Oasys passport aims to guide users globally into the Web3 gaming world while maximizing the value derived from their tokens. Designed for ease, this wallet will be managed by Oasys Wallet Inc.
Team Oasys shared that the app will simplify entry into blockchain gaming, providing a gamer's wallet option that isn't tied to non-gaming blockchains—free of cost. It will feature elements specifically designed for Oasys products, benefiting both gamers and developers.
Prioritizing user experience, Oasys has ensured that their Oasys Passport makes joining Web3 gaming intuitive. Creating a wallet is as easy as one-click, bypassing the need for email confirmations or passwords. It streamlines using multiple blockchains through automated chain selection.
Oasys has a roadmap to further evolve the Oasys Passport wallet, introducing more features over time. Additionally, plans include NFT tools for enhanced asset visualization and a bridge mode for straightforward asset transitions.
Exploring Oasys's Technological Framework and Tokenomics
At the core of Oasys lies an EVM-compatible, proof-of-stake public blockchain developed specifically for game creators. It addresses prevalent challenges in Web3 development and holds promise for both players and developers. Featuring a bifurcated architecture, Oasys caters to the gaming community.
Layer 1 is the Hub Layer—ensuring consistent network performance, boundless scalability, and constant data access. Layer 2, or the Verse Layer, is focused on dApp development. Together, these layers offer a collaborative foundation for innovative dApp creation and pioneering Web3 gaming evolutions.
Layer 1: Hub Layer
The Hub Layer is essential to Oasys's blockchain. Similar to Ethereum, it maintains a 15-second block time. Thousands of Verse Layers can link to it, benefiting from stability. Utilizing restrictive traffic controls for the Verse Layer, it remains efficient under heavy loads. It employs optimistic rollups to efficiently reduce traffic, delivering scalability unmatched by other networks.
Layer 2: Verse Layer
Oasys designed the Verse Layer with L2 tools, deliberately avoiding the private sidechain route. This structure brings superior data access, scalability, and speed. With optimistic rollups in play, the Hub Layer tracks comprehensive data from the Verse Layer, bolstering network stability.
The Tokenomics
Adopting a multi-token framework, Oasys's economy thrives on its native OAS token. As the blockchain's cornerstone, the OAS token leads a hierarchically structured token system, supplemented by the principal Verse Token, Game Token, and Dapps Token.
Upon its debut, Oasys will circulate 10 billion OAS tokens. Transitioning into a DAO will empower the community to adjust this number as deemed fitting for ecological balance.
A multi-token format amplifies opportunities for game developers. With scaffolding freedom offered to creators, they needn’t ensure synchronous operation across all platform-anchored metaverses.
Oasys is setting up a development landscape where some metaverses stand alone, while others create ties. This architecture nurtures diverse Verses and deploys various game genres throughout the ecosystem.
Designing a Verse might mean enabling open access, inviting multiple dApps. Alternatively, developers could restrict the IP used, crafting a niche metaverse with select functionalities. The architectural choices Oasys provides grant vast creative freedom to developers.
In this ecosystem, developers have leeway to instantiate unique token mechanisms per Verse, incentivizing games diversely. Imagine a classic side scroller rewarding speed or an MMORPG gifting in-game tokens for quest completions.
A Huge Market for Oasys
The WEF expects the global gaming economy Projected to exceed $300 billion USD by 2026, this lucrative market beckons blockchain platforms like Oasys, preparing them for explosive growth. Demands for digital asset autonomy will rise, with the Web3 evolution spawning the needed tools for global gamers.
Oasys anticipates new frontiers in gaming development, strategizing enhancements for developers in the Web3 sector. Oasys, reinforced with a solid blockchain and pioneering tools, is set to be a metaverse gaming titan in the coming decade. As Web3 gaming cements its place, its appeal will only escalate.
