Singaporean gaming blockchain Oasys launches on Mainnet

by Arthur · October 25, 2022

Oasys, a Singapore-based EVM-compatible, multi-layer blockchain built by players for players, announced on Tuesday its plans to fully launch its Mainnet.

The announcement follows an extensive year of partnership building, with 21 first-time validators pledging their support for Oasys, including a wide range of established gaming giants such as Square Enix, SEGA, Ubisoft, Bandai Namco Research and Netmarble.

Other Web3 ecosystem companies that have partnered with Oasys include ConsenSys and tofuNFT, Oasys said in a statement.

The launch comes alongside a recent and extensive code audit by Quantstamp, a leading blockchain security firm whose client list includes some of the industry’s largest blockchain projects such as Ethereum, Solana, Cardano and Near.

Oasys’ Mainnet will be implemented in three distinct phases, designed to stabilize, integrate and improve the overall ecosystem. Oasys will begin the first phase of the launch on October 25.

As part of the first phase, Oasys’ 21 initial validators will begin taking operations of all nodes and ensure that Oasys Layer 1, the Hub-Layer, can maintain stable performance.

The second phase of the launch is expected to start soon after by November 8, and begin integrating Oasys’ Layer 2, Verse-Layer, on top of the existing framework.

After both Hub-Layer and Verse-Layer are stabilized, the third and final phase of the launch will begin on November 22 and is intended to integrate essential components of the Oasys ecosystem for game performance and user experience, such as Oasys-Hub , a portal interface for users to engage with.

“The blockchain gaming ecosystem has grown rapidly in recent years, reflecting a growing understanding of the value that projects like Oasys have brought to the wider industry. However, now is not the time to reflect on past achievements, but to focus on the exciting opportunities of the future,

“The mainnet launch is a significant step forward in creating a fully functional, public-led gaming blockchain that will transform the future of gaming and bring great value to both players and game developers,” said Daiki Moriyama, Director, Oasys.

Earlier this year, Oasys raised $20 million in a private token sale led by Republic Capital, Jump Crypto, Crypto.com, Huobi, Kucoin, Gate.io, Bitbank and Mirana Ventures.

Oasys’ Mainnet launch is the last step before a possible public token listing, and the project is simultaneously working to bring in more strategic investors and partners.

With the support of both traditional and crypto-native industry partners, Oasys will continue to focus on building better experiences and shaping the future of blockchain gaming.

Oasys was established in February 2022 to increase mainstream play-and-earn adoption.

Led by a team of blockchain experts and teaming up with the biggest gaming company names to serve as the first validators, Oasys is revolutionizing the gaming industry with its Proof-of-Stake (PoS)-based eco-friendly blockchain.

Focused on creating an ecosystem for players and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain.

The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain that offers the best user experience with fast transactions and zero gas fees for users makes participants ready to enter Oasys and play.