Author: Stan, Golden Finance
Japan is undoubtedly a gaming powerhouse.
In the traditional game field, many excellent game brands have emerged, such as Nintendo, Sega, Bandai Namco, etc. Japan is also the third largest game market in the world, with 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 market? What kind of changes will it bring to the current blockchain game ecosystem?
The gaming public chain Oasys can answer this question well.
The Game Public Chain Must Be Japanese
Japan is one of the first countries to regulate cryptocurrencies. As early as 2017, it approved Bitcoin 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. In addition, Japan has a tradition of developing the game industry, so blockchain games have become the most important track in Japan's crypto field.
According to a market survey conducted by Pacific Meta, a leading Web3 consulting firm in Japan, about 90% of the 1,030 respondents aged 20 to 70 living in Japan have a neutral or positive view of Web3 games. This situation is different from the generally 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 giants such as SQUARE ENIX, SEGA, NEXON, and UBISOFT, as well as leading Web3 game companies such as MYTHICAL, double Jump tokyo, and the 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 Japanese game manufacturers have great enthusiasm and drive to enter the blockchain game industry. On the other hand, this also shows the trust these major game manufacturers have in Oasys.
Oasys is indeed trustworthy, with people like Namco Bandai Research Institute Director Hajime Nakatani, YGG co-founder Gabby Dizon, SEGA President Shu Utsumi, and the representative director once worked for the Japanese blockchain game development company Doublejump.tokyo.
Both the industry and ordinary gamers have great trust in Oasys. Of course, Oasys has lived up to this trust.
Breaking the Ponzi Stalemate of Traditional Blockchain Games “Play To Earn”
As of March 2023, Oasys has announced 60 games, 30 of which are already playable.
Golden Finance reporter sorted out the games on the chain and found that there are many works of web2 manufacturers on it, which greatly guarantees the playability of chain games. It is also because of the support of various major game manufacturers that Oasys can produce these excellent chain games.
Oasys' ecological construction has changed the previous blockchain game's "Play To Earn" Ponzi scheme and is an innovation in the current blockchain game ecosystem.
For example, Champions Tactics: Grimoria Chronicle launched by Ubisoft has become a hit with its NFTs before it was officially launched. This is a player-versus-player (PvP) tactical role-playing game (RPG). 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, the confirmation of in-game assets is promoted, and a vibrant in-game economy is cultivated.
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 game restores many well-known generals in the original game and makes a series of adjustments, including abilities and portraits. Because of the blockchain, all cards will be made into exquisite NFT transactions and issued.
CoinMusme is an idol development blockchain game. The story is set in a CoinMusme academy founded by a mysterious figure, Satoko Nakamoto. The academy is facing a school closure crisis 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 outstanding cryptocurrency girls and train them to become professional idols to gain more benefits and achievements. The advantage of this game is that it integrates Japan's idol development culture, games, music, and blockchain very well. 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 interest of its on-chain games have been greatly improved. The combination of blockchain and games truly allows blockchain to help users confirm the rights of assets in the game and cultivate a virtuous cycle of economic systems in the game. It is with the support of Oasys that the efficiency and security of game transactions have been significantly improved.
Expanding outreach and deepening cooperation
In addition to vigorously expanding the gaming 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 Oasys introduces the cross-chain function, it 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 demonstrates 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 node validator, but also will explore the possibility of connecting the Oasys ecosystem with services developed by Rakuten Wallet. In addition, Oasys can also apply Rakuten Wallet's extensive expertise in strengthening network security and consensus protocols.
Oasys has also reached a strategic partnership 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 is undoubtedly excellent. Through the above cooperation, we can see that Oasys is not only building a game public chain, but also actively participating in the construction of the blockchain industry, focusing on the technological innovation and development of the industry. It is in the cooperation with the industry's leading projects that Oasys continues to deepen its industry and contribute to the development of industry technology.
In November 2023, Oasys received another round of financing, which was participated by Nexon and crypto asset investment company Galaxy Interactive. This round of financing made Oasys's valuation reach 200 million US dollars. Capital has a keen sense of smell, and 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 developed with the industry through three cycles. As a track with the widest connection to Web2 users, they have always been sought after by capital. However, they have not produced any blockchain games that can attract a large number of Web2 users to join the game and break the circle. In particular, in the past few years, blockchain games have focused too much on "play to earn", which is essentially a Ponzi game, but it is just a game shell. This has also caused blockchain games to accumulate a lot of bad reputation inside and outside the industry.
Now, the wild growth stage has passed. The development of blockchain games has also entered a new stage - the emphasis on playability. More capital and institutions have also intervened in this track.
For example, Binance launched several 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 cryptocurrency circle. There is no doubt that Binance chose to increase its investment in blockchain game projects at this time 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 My Meta Data, a blockchain gaming platform, the number of active users in the blockchain gaming sector 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 financing perspective, the number and amount of financing in the gaming sector rebounded in the second half of 2023. And the total amount of financing ranked second only to the DeFi sector.
The above data and phenomena are showing investors that blockchain games will be an important narrative in this bull market. And we can also see from 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 chain and good economic model, which is the definite direction of blockchain game development and the high ground for traditional game manufacturers to compete for.
As the foundation of blockchain games, Oasys has deeply cultivated the high interactivity of games, meeting the high requirements of blockchain games for blockchain storage and computing speed. It is also able to build good relationships with many traditional game manufacturers. It is the involvement of these experienced development teams that has brought a qualitative leap in the playability of blockchain games, and combined with the economic model of blockchain, it has created a richer industry.
Oasys is a bridge that connects Web2 and Web3 in the gaming field. Once the bridge is opened, the wind of change will sweep across both sides.
https://www.oasys.games/?utm_source=press&utm_medium=ji