Oasys, a Singapore-based technology firm, has announced the launch of its blockchain, which has been specially designed and developed for the gaming community.
Oasys claims its blockchain architecture will provide benefits such as zero “gas fees” and high-speed transactions by combining ethereum virtual machine-compatible layer 1 and layer 2 protocols.
Photo credit: Oasys
The company, which was founded by a cohort of top gaming and blockchain executives, will also onboard a few gaming and Web3 firms as the blockchain’s 21 initial validators (those who work to verify transactions).
Gamers and developers within the ecosystem can also leverage the architecture to port in-game item purchases from one game or platform to another.
The company’s founding team members include Yield Guild Games co-founder Gabby Dizon, Bandai Namco research president and CEO Hajime Nakatani, Jump Tokyo CEO Hironobu Ueno, Gumi founder and Thirdverse CEO Hironao Kunimitsu, and Sega co-COO Shuji Utsumi.
See also: Blockchain technology: The lucrative future of the gaming industry
“We acknowledge the challenges faced by blockchain games built on Ethereum. Oasys’ eco-friendly blockchain will allow the gaming community to have seamless transactions within the ecosystem,” Dizon said in a blog post.
Oasys’ debut comes as the popularity and adoption of Web3 platforms has risen globally.
Within the gaming space, Axie Infinity and The Sandbox have become popular as well.
Editing by Collin Furtado and Jaclyn Tiu
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