Oasys, a Layer-1 (L1) Ethereum (ETH) blockchain, is rising as a blockchain gaming chief, as indicated by a HashHub report shared with Finbold on Tuesday, November 12.
In line with the report, Oasys has seen essentially the most development in Japan, the place it has attracted main recreation builders like Bandai Namco, Sega, and Sq. Enix.
Web3 gaming vs. standard gaming
Standard video video games face challenges similar to declining gross sales and lack of in-game belongings when the servers are down.
Platforms like Oasys, against this, allow digital belongings to retain long-term worth.
Consequently, blockchain gaming is gaining increasingly traction throughout the Web3 trade.
As an rising chief within the trade, Oasys goals to bridge some gaps between Web3 and standard gaming with high-speed processing, gasless transactions, and distinctive, project-specific tokens.
Cross-chain gaming
Oasys can be reshaping interoperability in blockchain gaming by permitting customers to leverage their in-game belongings throughout a number of platforms and varied video games by means of knowledge synchronized from Verse Layer to Oasys Hub (Layer 1).
On the core of this technique is knowledge availability, a characteristic that information recreation knowledge for every ‘Verse’ (i.e., L2 ecosystem).
All knowledge is verified by validators to make sure safe and long-lasting digital asset registry information that can’t be erased from the blockchain.
Presently, Oasys has 12 lively Verses, every supporting varied blockchain video games and specializing in interoperability.
Frequent knowledge requirements and utility programming interface (API) growth have simplified asset transfers to allow seamless transition of in-game belongings between completely different Verses.
The scalability is additional boosted by Oasys’ Digital Developer Equipment (VDK), which offers pre-configured instruments for builders trying to streamline Verse launches.
Oasys’ DeFi partnerships
Oasys can be partnering with Arbitrum Basis and integrating Arbitrum Orbit’s L2 know-how to advertise Verse deployment and improve liquidity choices throughout the decentralized finance (DeFi) ecosystem.
Within the brief time period, the main target seems to be on standardizing knowledge protocols, making use of digital belongings throughout video games, and releasing the VDK.
Wanting forward, nevertheless, Oasys goals to totally synchronize belongings from Verse to L1, improve cross-Verse interoperability, and develop instruments that permit builders to customise their gaming environments.
The expansion of the Web3 gaming sector
Blockchain-based video games and digital belongings have gotten more and more in style within the Web3 gaming sector, which just lately reached 4.4 million lively wallets, a 20% improve from mid-2024.
Oasys’ potential is demonstrated by titles similar to Champions Ways, which launched on its platform in 2024.
Previous to launch, a set of 9,999 free non-fungible tokens (NFTs) linked to in-game characters noticed sturdy buying and selling curiosity, with transaction volumes exceeding 3,300 Ethereum.
Equally, De: Lithe Final Recollections, one other Oasys title, noticed all its NFT land plots and character dolls promote out in 2024.
The success of video games like this, with greater than 700,000 contributors at pre-registration, signifies that customers discover worth in digital asset possession, which drives larger spending and engagement.
Oasys’ DeFi choices
Along with blockchain gaming, Oasys can be increasing its DeFi capabilities with the latest launches of Palmy Finance, a lending protocol, and TealSwap, a decentralized change (DEX), each of which supply DeFi merchants new liquidity venues.
As these options develop and turn out to be extra out there, gamers will be capable of earn earnings on their digital belongings and extra past gaming to discover the broader Web3 sector.
Though OAS, the native Oasys token, shouldn’t be but out there on main crypto exchanges, potential listings might improve its liquidity.
Nonetheless, with over 150,000 distinctive wallets and three million transactions recorded prior to now month, Oasys is already poised for additional development.
