“Gaming is the best use case for blockchain that the world has ever seen, and I believe we will see 10 million wallets interacting with blockchain games by the end of this year,” said Oasys co-founder Gabby Dizon.
According to the team behind the new gaming-focused proof-of-stake blockchain Oasys, it is intended to increase mainstream play-to-earn (P2E) adoption.
As key drawcards for developers and users, the Singapore-based firm (Oasys PTE. LTD) behind the new chain touts its scalability, eco-friendly PoS blockchain, “zero gas fee experience,” and the portability of digital assets between different projects built on the blockchain.
Bandai Namco Research president and CEO Hajime Nakatani, Sega Corporation co-COO Shuji Utsumi, double.jump.tokyo CEO Hironobu Ueno, Thirdverse CEO Hironao Kunimitsu, and Yield Guild Games (YGG) co-founder Gabby Dizon are among the founding team members.
The Oasys blockchain was officially launched on February 7th, and it has initially partnered with 21 gaming and Web3 tech companies to act as validators, with Dizon’s crypto gaming guild YGG signing on as one of the first.
Sega Corporation’s Utsumi highlighted the importance of creating a scalable blockchain gaming ecosystem that also recognizes “the need to have an eco-friendly platform that takes into account important societal and cultural considerations” as part of the launch last week.
The much debated environmental impacts of proof of work blockchains have been a source of contention for many in the traditional gaming community, who have resisted several firms that have begun to make inroads into the NFT sector.
YGG co-founder Dizon said in an interview, “For developers, there will always be trade-offs in choosing the right blockchain to build on, and each one is focused on solving different challenges and optimizing certain features.” Oasys is committed to improving the user experience for gamers through scalability while minimizing environmental impact.”
While Dizon remained tight-lipped about any upcoming announcements or partnerships, the YGG co-founder stated that the Oasys team’s founders’ ties to Japan would help create “a gateway to the blockchain for major Japanese IP.”
“Japan has always been a world leader in gaming, and its cultural influence has had a significant impact on shaping the industry as we know it today,” he said.
Speaking about the blockchain gaming sector in general, Dizon predicted that by late 2021, the market would have more than a 7X increase from the 1.4 million active wallets that interacted daily with blockchain gaming apps.
“Gaming is the best use case for blockchain that the world has ever seen, and I believe we will see 10 million wallets interacting with blockchain games by the end of this year,” he said.
According to Oasys head of marketing Kokushi Hattori, the company expects numerous mainstream gaming companies to launch P2E games in 2022, and its gaming blockchain was designed to be at the forefront of the sector’s “explosive growth”:
“To realise that prediction, Oasys chose to lead rather than follow, optimising itself and its architecture to support mainstream adoption, beginning with gamers and ending with consumer users.”
“In the near term, our primary focus will be to attract game developers, content creators, and gamers in order to begin building early adoption among the gaming community so gamers can connect, create, and play within the Metaverse,” he added.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.