Original author: Crypto asset and Web3 research company HashHub Inc.
Preface
Oasys is a L1 blockchain designed specifically for gaming. This report analyzes the current state of the chain and explains how it has grown into a well-established and highly regarded brand in the blockchain gaming space.
Many top Japanese game developers have joined the Oasys network and launched a series of blockchain games. The cohesion of the Oasys ecosystem is constantly strengthening and the growth momentum is rapid.
The number of gamers worldwide has reached billions, and the gaming industry is competing with social media and short video platforms for user time. However, new game sales are weak, the most popular games have been popular for a decade, and in-game props are often lost or unusable due to server shutdowns.
As part of the broader GameFi, blockchain games have attracted much attention in the Web3 industry, but have not yet achieved widespread global popularity. The challenges it faces include a saturated gaming market and a lack of user experience designed specifically for gaming on general blockchains. In order for blockchain games to reach the masses, it is necessary to promote a paradigm shift and create new value and experience.
Oasys has earned a good reputation in Japan and around the world for providing a unique gaming experience that is difficult to match with existing games and general blockchains, and for establishing a mechanism to ensure that in-game digital assets remain useful over the long term. This product strategy highlights the value of experience and brings an appeal that is different from traditional consumer entertainment.
This report is aimed at readers who are interested in the blockchain game market. It focuses on analyzing the advantages of developing games based on Oasys and takes an in-depth look at the current development status of the Oasys ecosystem.
From a macro perspective, considering the growth potential, investment trends in the blockchain gaming sector, and future prospects, Oasys is undoubtedly the ideal infrastructure for deploying and participating in games.
[Oasys related links]
Official website: https://www.oasys.games/
Whitepaper: https://docs.oasys.games/docs/whitepaper/intro
Browser: https://explorer.oasys.games/
·X：https://x.com/oasys_games
·Discord：https://discord.com/invite/oasysgames
Report Summary
This report analyzes Oasys’ strengths and growth potential in the context of blockchain industry trends and gaming industry challenges, and highlights Oasys’ potential to become the infrastructure that meets industry needs.
General-purpose blockchains are not optimized for games and are difficult to develop specifically for each game. At the same time, promoting new games and maintaining player enthusiasm in a mature game market are also challenging, so it is necessary to establish a sustainable business model.
More than 40 games have been deployed on Oasys, and the ecosystem is expanding rapidly, with many Japanese companies and developers supporting the network as validators. Oasys is negotiating with top exchanges such as Binance for future listings, which will increase the liquidity and popularity of $OAS tokens.
Oasys plans to promote the standardization of common data standards and APIs, enhance interoperability between different Verses (Oasys L2 layer), and build infrastructure for seamless transfer of digital assets from different games. The integration with Arbitrum Orbit and the enhancement of DeFi functions will support asset management within the ecosystem and further promote the effective use of digital assets.
Oasys allows Web2 users to access Web3 elements in a natural way and drives user engagement, which is the key to monetizing games. For example, Champions Tactics and De: Lithe Last Memories, two products in the mature game market, tokenize assets through NFTs, providing new revenue models and immersive Web3 user experiences. Oasys provides the appropriate infrastructure for such "play-to-earn" and "play-to-own" models, and it is expected that more blockchain games will be deployed on Oasys in the future.
Oasys Overview
The report linked below provides a basic overview of Oasys and dives deeper into the current state and future developments of the ecosystem.
Related report: GameFi Blockchain Oasys (OAS) Overview
The following is a brief description of the terms used in the report.
Oasys Key Terms
Oasys: An L1 blockchain that uses a proof-of-stake (PoS) mechanism that is compatible with EVM and customized for games. Well-known game developers such as Bandai Namco, Sega, and Square Enix have joined the ecosystem. The L2 layer is the foundation of the Verse layer, on which every blockchain game runs, providing data assurance and strong security to optimize the gaming experience.
Verse: Oasys Hub is the L2 layer of the L1 layer. Game developers and third parties can build and deploy games on Verse. It is highly flexible, has the high-speed processing power and gas-free experience required for games, and each project can build its own exclusive token.
$OAS Token: As the key token in the Oasys ecosystem, $OAS is used to pay Oasys gas fees, Verse development deposits, participate in governance, and distribute staking rewards.
Oasys (L1) Status
This section provides background information and a roadmap for how Oasys delivers a user experience designed specifically for gaming.
Oasys' current certifiers include several well-known brands:
Source: Oasys
From the launch of Oasys to the date of this report, the growth of the total number of independent active wallets, total transaction volume and market value of $OAS tokens is as follows (data source: DappRadar):
Total number of independent active wallets: 41 million
Total transaction volume: 186 million
$OAS Token Market Cap:
https://www.coingecko.com/en/coins/oasys As of 2024/10/28
Data availability protects your digital assets
Oasys' data availability is committed to realizing the full potential of blockchain digital assets.
Oasys records game data for each Verse layer, and the verifier is responsible for verifying data availability. It is committed to ensuring security and constitutes the destination of data recorded in each Verse layer.
In traditional games, the game props obtained by players may disappear due to development interruption or service termination; in blockchain games, props are recorded on the chain as digital assets, and there is no risk of loss. However, some players may think that if there is no place to use these assets, their value cannot be fully realized.
Oasys is syncing digital assets from the Verse layer to Oasys Hub (L1) to create an infrastructure that can be used across games. With this, game developers will be able to more easily build interoperable designs, allowing users to leverage the same digital assets in different games, providing a more coherent gaming experience.
This technology is critical to protecting the interests of players who have invested their time and money.
Enhanced Verse interoperability
Each themed Verse brings together multiple blockchain games. Oasys currently has 12 Verses and is committed to achieving seamless interoperability between Verses to enhance the unique experience of blockchain games.
Source: Oasys
By adopting common data standards and standardized APIs, in-game digital assets can be easily transferred between different Verses.
Make every effort to improve ecological scalability
Verse needs to be independently launched by blockchain game developers or third-party individuals, and technical support is essential in this process.
Oasys provides a development kit (Oasys VDK) that enables game developers to focus on content creation and accelerate the launch of Verse. Companies and development teams can use these pre-configured tools to launch Verse, which greatly reduces the technical and human resource barriers.
In addition, Oasys has partnered with the Arbitrum Foundation to integrate Arbitrum Orbit, a tool for creating and deploying L2, so that developers can directly use Arbitrum Orbit to launch Verse.
Arbitrum is a liquidity ecosystem that connects the mature DeFi field. The cooperation between Oasys and Arbitrum opens up new possibilities for improving Verse liquidity.
Reference: Oasys expands to Arbitrum, adopts Orbit stack at Verse layer
Technology Roadmap
Oasys has developed a technology roadmap to support new users and game developers while focusing on the stability and scalability of the existing ecosystem.
The roadmap, released in July 2024, focuses on:
Short-term goals (within one year)
Standardize on common data standards and APIs
Apply standardized digital assets to current games and create new use cases
Release of Oasys VDK
Medium-term goals (2-3 years)
Realize the function of synchronizing digital assets in Verse to L1 layer
Achieve interoperability between Verses
Provide development tools to enable game developers to meet their unique needs
In order to optimize the gaming experience in the Oasys ecosystem, it is also necessary to strengthen cooperation with wallets, DeFi protocols, and other platforms and products. In the short term, an environment conducive to the release of Verse will be created, and in the medium term, the existing foundation will be expanded.
Reference: Building the Future of Gaming: Oasys Technology Roadmap - From Consumption to Investment
Those interested in joining the Oasys Validator Network, publishing Verses, and deploying games can contact us using this form.
$OAS Token Potential
$OAS is the core token of the Oasys ecosystem and aims to promote the growth of the entire ecosystem. This section will explore the relationship between the $OAS token and the value of game tokens within the Oasys ecosystem.
We will also consider how this will affect the token value, after all, $OAS is not yet listed on major exchanges such as Binance or Coinbase.
The value relationship between game tokens and $OAS
Oasys provides an environment for game developers to issue game tokens on their own. These tokens gain value through player transactions and in-game use.
As game tokens are widely circulated in the Oasys ecosystem, their value will gradually accumulate, thus consolidating the economic foundation of the entire Oasys ecosystem. This mechanism will also support the value of $OAS.
As game tokens and assets continue to accumulate in the Oasys ecosystem, corresponding mechanisms will stabilize the value of $OAS and lay a solid foundation for its growth.
The significance and potential of coins not yet listed on Binance and Coinbase
As of the time of writing this report, $OAS has not yet been listed on major global exchanges such as Binance or Coinbase. This situation limits the liquidity of the token and is one of the reasons why $OAS is undervalued.
However, $OAS has been listed on Upbit, the world’s leading exchange in South Korea, and multiple exchanges in Japan. On the first day after logging into Upbit, $OAS increased by 44% from the previous day. Therefore, if it can be listed on Binance or Coinbase in the future, it is expected to bring a significant increase in liquidity to $OAS, increasing its potential for further price increases.
Current state of the main verse
Oasys Verse has launched more than 40 games, including works in collaboration with well-known Japanese IPs.
Source: Oasys
There are multiple games in each Verse economy of Oasys. This section will introduce the top three Verses with the most accumulated wallet addresses (accounts) in each Verse browser, and briefly describe their current status and popular games.
Chain Verse
Chain Verse is operated by game development company ChainGuardians and has attracted more than 3 million accounts to participate, making it the most popular Verse. Among them, Chain Arena is loved by players.
This is a Web3 role-playing game (RPG) that cleverly combines RPG elements with a mechanism that does not require players to be online continuously to advance. The props and characters that are rewards for the game can be traded as NFTs.
https://www.chainarena.io/
In the past month, the number of independent active wallets has exceeded 30,000, and the activity has continued to rise since August 2024.
See: ChainArena-PentagonGames EXP
TCG Verse
TCG Verse focuses on the field of card trading games, providing a variety of card and casual games, with more than 2.5 million participating accounts.
(OasChoice) is a popular game in TCG Verse. Players can vote to predict the rise and fall of OAS prices. Players who predict correctly will receive OAS rewards.
https://oaschoice.com/
The number of independent active wallets has surged in the past month and now exceeds 50,000. The simple gaming experience and a sustainable system supported by validator rewards managed by CryptoGames are the reasons for its popularity.
See also: OasChoice
Saakuru Verse
As a consumer-oriented Verse, Saakuru Verse is committed to building a bridge from Web2 to Web3. It provides development tools such as SDKs and APIs designed for developers who want to integrate Web3 features into existing games. The Verse has attracted more than one million accounts.
One of the most popular games is the educational play-to-earn game GOGA [link 1]. This is an AI-driven, blockchain-based platform that helps users learn English in a fun way.
https://goga.ai/
The game has more than 34,000 unique active wallets in the past month. The company is trying to combine games and education in the context of blockchain, promoting user retention and marketing through token economics.
See also: GOGA
SG Verse
Developed by Altlayer official partner doublejump.tokyo, SG Verse is packed with key features needed for a great gaming experience. SG Verse is highly anticipated and will soon feature several hit games.
SG Verse will launch the ecosystem token SG Coin (SGC). SGC can be used for in-game currency purchases and content consumption in subsequent games. The token is expected to be released before the game goes online, and the upcoming airdrop has aroused strong interest.
The most anticipated game of SG Verse is (Kui-Three Kingdoms War). This project is supervised by Yasuhiro Nishiyama, the creator of the Three Kingdoms series, and will re-interpret the fun of the Three Kingdoms game on the chain.
The game has obtained IP authorization from the well-known game company Sega, and fans of Romance of the Three Kingdoms are full of expectations.
https://prtimes.jp/main/html/rd/p/000000163.000034671.html
The game's X account has attracted more than 30,000 followers, and more than 140,000 people join its Telegram channel every month. Since the pre-registration campaign was launched on October 10, 2024, as of November 3, the game has accumulated more than 158,000 users, with an average of more than 16,000 daily active users. Through the mini-games released in the pre-registration campaign, users can earn courage points (BP), which can be exchanged for SGC tokens after the game goes online.
Currently, in the mini game (Story 1), users can earn BP by completing tasks and increase BP rewards by upgrading the castle. The basic strategy of (Story 1) is to collect letters of generals, obtain powerful general cards, and then earn BP. This mini game is a Telegram applet that can be played online.
https://lp.kai-sangokushi-taisen.games/pre-guidebook
The game story is divided into three stages. Early participation will allow you to earn BP more efficiently. If you are interested in (Kui-Three Kingdoms War) or are looking forward to the SGC token airdrop, it will be more advantageous to join in advance.
https://lp.kai-sangokushi-taisen.games/pre-guidebook
You can play the mini-games in the pre-registration event here and use the invitation code to earn more BP (the more you invite, the more you earn).
See: double jump.Tokyo uses AltLayer technology to build L2 blockchain SG Verse for Sega's new IP chain game
In general, each Verse has a different ecosystem and a unique lineup of games and apps. Users can choose games from their favorite Verse themes, and developers can develop games around the themes. Users can also choose to create their own Verse.
If you want to explore games on Oasys Verse, you can visit Oasys Navi, or check out the latest game and Dapp activity on VersePort.
Competing Blockchain vs. Oasys
This section will introduce Oasys' two major competitors, Immutable and Ronin, and compare them with Oasys.
Immutable
Immutable develops and operates two blockchain gaming and NFT platforms: Immutable X (using StarkWare’s zkRollup technology) and Immutable zkEVM.
Immutable X is not compatible with EVM and cannot directly use Ethereum's general smart contracts, but developers can use its SDK to develop games. Despite this, the technical threshold is still high, so Immutable launched Immutable zkEVM, which supports EVM and smart contracts.
According to the Immutable website, more than 300 games have been launched as of the time of writing this report. According to DappRadar data, the number of independent active wallets for these games currently totals about 2 million.
Related report: Illuvium (ILV) | Overview of the ImmutableX Distributed RPG Illuvium
Ronin
Ronin is an EVM-compatible blockchain gaming platform developed by Sky Mavis, a company that produces Axie Infinity. In 2022, Ronin Bridge was hacked and suffered losses of more than 70 billion yen. Ronin subsequently launched a security update and continued to operate as a blockchain gaming platform.
Ronin zkEVM is currently in the development and testnet operation stage. In the future, each game will be able to deploy its own chain on Ronin. Currently, there are 15 games launched on the Ronin ecosystem (about 20 to be launched), with (Axie Infinity) and (Pixels) accounting for the majority.
DappRadar data shows that the current total number of independent active wallets is about 430 million.
Related report: Axie Infinity Overview – A blockchain game project with DeFi elements
Oasys Advantages
Although Immutable leads in the number of games and Ronin leads in the number of independent active wallets, Oasys also shows similar advantages and potential.
Immutable does not allow developers to create their own game chains
Immutable provides two environments, Immutable X and Immutable zkEVM, but it does not support the creation of your own game chain. Smart contracts can be customized freely, but must comply with the constraints of the Immutable platform environment, which limits the flexibility of fitting into a specific game ecosystem.
In contrast, Oasys allows game developers to develop based on existing themed Verses (L2) or create their own Verses. This flexibility can deeply reflect the game's unique economic model and mechanisms.
In addition, Verses can collaborate with each other, the ecosystem built by each Verse is interoperable, and players can freely transfer digital assets, which is expected to bring a seamless and diversified player experience.
Ronin focuses on a few games, which is disadvantageous to latecomers
Ronin's active users are mainly concentrated in the two games (Axie Infinity) and (Pixels). Although new games are constantly added, due to the limited number of playable games, a few games dominate the majority of users, making it difficult for new games to attract user participation.
Oasys has built a game economy around each Verse, and new games can more easily reach potential users because each theme has a corresponding Verse.
Ronin zkEVM will allow each game to launch its own chain in the future, but development is still ongoing and Oasys is ready to lead the development of this model.
Looking at the current status of games in the Web3 ecosystem and the prospects of Oasys
This section will analyze the growth trend of games in the Web3 ecosystem and the opportunities that Oasys can seize.
Games are the driving force behind the growth of the Web3 ecosystem
According to the average number of independent active wallets per day in each sector of Web3, the activity of the game and AI sectors is on the rise. Currently, the number of daily active wallets for games has reached 4.4 million, an increase of about 20% from the second quarter of 2024.
https://dappradar.com/blog/state-of-blockchain-gaming-in-q3-2024
This growth momentum can be attributed to the fact that more and more traditional game companies have successfully improved profitability and user engagement by using blockchain as infrastructure to provide on-chain experiences. For example, well-known game developer Ubisoft launched its first blockchain game in 2024.
Web3 entry success case: Integrating Web3 elements and finding a way out in the gaming market
Championship tactics
(Championship Tactics) will be released on Home Verse in October 2024. In December 2023, before the release of the game, the company launched a free NFT series consisting of 9,999 NFTs and provided the right to mint in-game characters.
As a result, although NFT is issued for free, the current transaction price has reached 0.03 ETH, and the cumulative transaction volume has exceeded 3,300 ETH. The series provides up to 5% creator income for secondary sellers for each transaction. Although the creator income of some trading markets is 0, NFT trading still has great potential as a source of income.
See also: Dune-Champions Tactics
This success not only pushed up NFT prices and trading volumes, but also brought about a leap in user engagement. Token holders can not only enjoy the fun of the game itself, but also experience the excitement of trading and collecting value-added items. This enhances the active participation of players and cultivates a user base that is more loyal than traditional users.
(De:Lithe's final memory)
Another notable game is (De: Lithe Final Memories), an action RPG game that successfully sold 220 NFT plots and 1,000 NFT dolls in the NFT public sale in July 2024. This successful sale shows that the key to achieving profitability lies in gradually transitioning Web2 users to Web2.5 users (that is, users who have been exposed to Web3 elements such as NFTs and trading markets), and then converting them into Web3 users [Link 1].
In addition to supporting in-game purchases and collecting valuable NFT collections, (De: Lithe Final Memory) also provides exciting strategic gameplay. All elements in the game are linked together, and players "pay for fun and find future value through acquired props." This flow model allows players to go beyond simple consumption behavior and generate a sense of owning props, prompting them to make further purchases to enhance the value of props or obtain rare props.
By naturally integrating Web3 elements into the game for Web2 users, players will gradually develop ownership and emotional investment in props, which can increase their willingness to pay and participation. Thanks to the new profit model brought by NFT, (De: Lithe Final Memory) has become a popular game, attracting more than 700,000 participants in the pre-registration stage. This shows that gradually guiding users to transition to Web3 can increase user loyalty and drive revenue growth.
Companies that have long provided high-quality games are now beginning to stand out in the highly competitive gaming market through novel user experiences enabled by blockchain technology.
These success stories show that the trend of using blockchain as infrastructure is not a flash in the pan, but is seen by the gaming industry as a sustainable profit growth strategy. This shift will accelerate the trend of traditional gaming companies adopting blockchain as infrastructure.
Competition continues to intensify with the emergence of new platforms, such as Tap To Earn games that can be played on Telegram, which is expected to further expand the user base.
Related report: Overview of the top Tap to Earn game Hamster Kombat and the potential of new monetization models
In addition, data from the third quarter of 2024 showed that game platform and infrastructure investment (rather than single games) accounted for approximately 80% of total investment in the blockchain game and metaverse industries, indicating that infrastructure development is receiving attention.
https://dappradar.com/blog/state-of-blockchain-gaming-in-q3-2024
In the future, the demand for gaming content that can attract a large number of users and the infrastructure required to support flexible design of this content will continue to grow.
Oasys Outlook: Creating Unique Value Through Gaming Infrastructure Beyond Consumption
As a chain designed specifically for games, Oasys's advantage lies in its strong interoperability between versions and the ability to provide a seamless user experience at the infrastructure level. In this way, Oasys can better adapt to the current trend of growing user base and critical infrastructure in the blockchain game industry, and meet the growing long-term demand for game-specific infrastructure.
In recent years, gaining attention through tokens has become a trend in blockchain games, but many of them face sustainability challenges. For example, models such as Tap To Earn often require users to invest time and energy, but can only receive temporary rewards, which erodes the original fun of the game and the value of digital assets. Therefore, we believe that the market demand for gaming experiences that provide long-term value and go beyond simple consumption is expected to grow.
Oasys is highly reliable in terms of security and sustainability, and several large Japanese companies serve as its validators. Therefore, while supporting the growth of the ecosystem, Oasys can help users keep and use their digital assets in the game. This brings a new value experience, providing users with long-term asset value, in stark contrast to traditional short-term consumer entertainment. This value experience will stimulate the intrinsic appeal of the game, especially for the Web3 game audience, and help improve user loyalty.
Blockchain games are a fast-growing sector in the global Web3 ecosystem. As a blockchain infrastructure dedicated to games, Oasys helps traditional game developers get involved in the Web3 field for the first time, creating successful cases such as (Championship Tactics). According to DappRadar data, Oasys and its existing Verse layer have accumulated 150,000 independent active wallets and more than 3 million transactions in the past month.
Another highly anticipated game (Three Kingdoms Wars) is expected to cover more users based on SG Verse's expected token issuance and cooperation with large IPs. In the future, Oasys expects to deploy more than 20 games.
In addition to game content, Oasys is also actively strengthening and expanding its DeFi ecosystem. In September 2024, Oasys launched the lending protocol Palmy Finance, providing users with the opportunity to earn stable interest income using $OAS and other assets. As Oasys' decentralized exchange (DEX), TealSwap has gained liquidity support from the Arbitrum ecosystem by integrating Arbitrum Orbit. At the same time, DeFi Verse provides DeFi traders and players with more liquidity potential [link 1]. Through these ecosystem enhancements, users can more efficiently utilize the income generated by on-chain digital assets.
Given that $OAS has not yet been listed on global leading exchanges such as Binance, we can expect subsequent listing activities to further enhance its global popularity and liquidity.
As a result, Oasys is expected to gain greater influence globally (not just in Japan) and establish its unique and powerful position in the blockchain gaming industry.
Summarize
This report analyzes the current status of Oasys and explains how Oasys has become famous in the blockchain gaming industry.
Among the many paths to "mass popularization", games are still one of the most promising. As the preferred infrastructure for this sector, Oasys is bound to attract more attention in the field of blockchain games.
Please click on the links below to learn more about Oasys and join the ecosystem.
Playing games
Cross-chain to Oasys
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oRyo @OASYS
oRyo Manzoku | double jump.tokyo | Oasys
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