By extending its current partnerships with significant gaming companies like Sega and Ubisoft, this partnership enhances Oasys’ position in the Asian market.
Oasys, a blockchain platform that provides game developers with Ethereum-based Layer 2 networks as well as Layer 1 networks, has announced a strategic alliance with SBI Holdings, Inc., a major financial conglomerate in Japan.
According to Oasys’ press release from Aug. 29, this collaboration aims to accelerate the growth of the Oasys ecosystem and support the success of numerous blockchain games set to launch in 2024.
#Oasys 🤝 @bora_ecosystem
— Oasys | Blockchain for Games (@oasys_games) February 22, 2024
Oasys is excited to partner with Kakao Games' blockchain game subsidiary METABORA SG and explore the potential for developing a game with premium IP for the Japanese market 🇯🇵 ⛓
This is a solid start to 2024 under Oasys' #DragonUpdate 🐉 vision for… pic.twitter.com/rPzyg4Kj4X
Funding and Infrastructure for Blockchain Game Developers
Oasys also intends to expand the liquidity of its OAS tokens through its partnership with SBI Holdings, making them more easily obtainable to investors and gamers.
The collaboration will also give developers the resources and infrastructure they need to make cutting-edge blockchain games. This will encourage more partners and developers to join the network, grow the Oasys ecosystem in Japan, and foster a lively community.
The Representative Director of Oasys, Ryo Matsubara, stated that adequate capital and liquidity were required to guarantee the prosperity of their partner games and the growth of the Oasys ecosystem.
“As a prominent VCs in the U.S. and a powerful exchange group in the Chinese market, SBI is one of Japan’s largest financial conglomerates, and ideally positioned to support Oasys’ journey as a project originating from Japan.”
Financial behemoth SBI Holdings, which has a track record of backing blockchain initiatives, has previously made investments in firms like R3 and Ripple (XRP). SBI Holdings will be able to increase the use cases for blockchain technology thanks to its partnership with Oasys.
Oasys’ Strategy for Asian Expansion
Major gaming companies like Sega, Ubisoft, and Yield Guild Games have already joined Oasys and support the network as validators, in addition to SBI Holdings.
Oasys also established a collaboration with Metabora SG, a division of Kakao, the largest internet company in South Korea, earlier this year in an effort to establish itself as a top blockchain gaming platform in the Asian region. The partnership is part of Oasys’ Dragon Update, a core strategy for 2024 that focuses on expanding the gaming blockchain through increased interoperability and collaboration with content creators.
#Oasys 🤝 @bora_ecosystem
— Oasys | Blockchain for Games (@oasys_games) February 22, 2024
Oasys is excited to partner with Kakao Games' blockchain game subsidiary METABORA SG and explore the potential for developing a game with premium IP for the Japanese market 🇯🇵 ⛓
This is a solid start to 2024 under Oasys' #DragonUpdate 🐉 vision for… pic.twitter.com/rPzyg4Kj4X
In February, Oasys announced a similar partnership with South Korean game developer Com2uS, highlighting the growing interest in blockchain-based games among South Korean developers seeking global release.
The price of OAS, the native token of Oasys, has increased by 20.86% in the last day and is currently trading at $0.0471. The 7-day trend has increased by 51.21%, indicating positive movement.
The network has a 72.06 million total market capitalization with 387.86 million OAS in circulation.