Softbank Corp. Joins Hand with eco-friendly Blockchain Oasys as a Validator

Softbank, a Japanese mobile pioneer and multinational conglomerate, joins hands with gaming blockchain, Oasys. The partnership aims to explore the widespread adoption of Web3 technologies in the digital world. In this collaboration, Softbank and Oasys will work hand in hand to explore blockchain-based evolution for the gaming sector. Softbank will empower Oasys to conduct transactions for its players efficiently by assisting in security and computing capacity in its blockchain network. According to reports, Oasys wants to maximize the decentralization of its network by allowing public engagement through a council and removing the limit on the number of validators.

Softbank in Web3

Softbank is notable for providing high-quality gadgets and mobile devices. However, apart from this category, Softbank is reshaping itself to become a known brand in blockchain gaming as well. According to Oasys research, the blockchain gaming market is projected to grow at a compound annual growth rate (CAGR) of 13.3% from 2020 to 2025, surpassing $3 billion in global revenue.

Moreover, Square Enix is all set to partner with Oasys blockchain, the developer of Final Fantasy games. Other notable validators include Bandai Namco Research, Sega, Ubisoft, Netmarble, WeMade, Com2uS, and Yield Guild Games.

A validator is a device that aids in the verification of activities being added to a blockchain, maintaining the stability and security of the decentralized network. It is rewarded for its efforts with tokens. A validator is further allowed to take part in network governance decisions. Similar to Ethereum, Oasys validates transactions using the proof-of-stake algorithm, which demands that users stake their tokens. It stands in contrast to Bitcoin’s proof-of-work system, which is criticized for its negative effects on the environment and consumes computational resources.

How Does Oasys Blockchain Work?

Oasys, a Singapore-based blockchain, is dedicated to creating games that offer an improved gaming experience. In comparison to other blockchains that have been utilized for gaming to date, it offers no gas fees, quicker operations, and effective alternatives.

Oasys is a public network that focuses on giving gamers more value, utilizing EVM-compatible technology. Moreover, it is a privately owned blockchain that has a long-term objective to evolve into a DAO-style organization like Solana Labs and others.

Oasys is made up of two layers, the hub layer and the verse layer. The verse layer keeps track of the FT/NFT Bridge and the Rollup. However, the major part of the hub layer is to work around the system and provide outcomes that increase the stability, scalability, and availability of data. The Verse layer is made to allow individualized connections by game creators.

Moreover, the Hub layer is made expressly to keep up its superb performance even while the Verse layer is heavily utilized. The customized structure gives the blockchain some benefits, like speed, and lack of gas prices.

Its multi-layer structure forms the foundation of its distinctive benefits over other blockchains. In particular, its Hub layer and Verse layer work together to get rid of typical problems with game creation and play.

The main Oasys team is comprised of skilled programmers who created Doublejump. Tokyo is one of the most renowned Web3 game studios in the world with more than five years of expertise in creating a variety of blockchain games. From 2018 to 2020, My Crypto Heroes and Brave Frontier Heroes became highest selling blockchain games than any other games in the world based on trade volume and Ethereum user count.

Oasys 21 Validator Strategy

After making some successful launches and grabbing a large portion of the blockchain market, Oasys decided to work on the stability and security of the project and for that reason, they followed the strategy of 21 validators. Their initial collaboration helped them to onboard multiple Korean gaming companies including Netmarble, Com2us, Wemade, NHN, and Neowiz. Oasys believes that to surpass the competitors and become a unique developer, blockchain-powered gaming systems must have the essence of scalability, fast transactions, and lower gas charges.

This massive collaboration between Softbank and Oasys is surely going to revolutionize the blockchain gaming experience and some mega launches are expected from them. The Korean market has achieved some valuable milestones around the World and its presence in the blockchain industry is also motivating others to develop state-of-the-art games. It also opens doors for Oasys to collaborate with other Korean game developers and expand their network in the blockchain market.

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