Oasys emerges as a blockchain gaming leader, HashHub reports
Oasys emerges as a blockchain gaming leader, HashHub reports 
Cryptocurrency Nov 12, 2024 Share
Oasys, a Layer-1 (L1) Ethereum (ETH) blockchain, is emerging as a blockchain gaming leader, as indicated by a HashHub report shared with Finbold on Tuesday, November 12.
According to the report, Oasys has seen the most growth in Japan, where it has attracted major game developers like Bandai Namco, Sega, and Square Enix.
Web3 gaming vs. conventional gaming
Conventional video games face challenges such as declining sales and loss of in-game assets when the servers are down.
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Platforms like Oasys, by contrast, enable digital assets to retain long-term value.
Consequently, blockchain gaming is gaining more and more traction within the Web3 industry.
As an emerging leader in the industry, Oasys aims to bridge some gaps between Web3 and conventional gaming with high-speed processing, gasless transactions, and unique, project-specific tokens.
Cross-chain gaming
Oasys is also reshaping interoperability in blockchain gaming by allowing users to leverage their in-game assets across multiple platforms and various games through data synchronized from Verse Layer to Oasys Hub (Layer 1).
At the core of this system is data availability, a feature that records game data for each ‘Verse’ (i.e., L2 ecosystem).
All data is verified by validators to ensure secure and long-lasting digital asset registry records that cannot be erased from the blockchain.
Currently, Oasys has 12 active Verses, each supporting various blockchain games and focusing on interoperability.
Common data standards and application programming interface (API) development have simplified asset transfers to enable seamless transition of in-game assets between different Verses.
The scalability is further boosted by Oasys’ Virtual Developer Kit (VDK), which provides pre-configured tools for developers looking to streamline Verse launches.
Oasys’ DeFi partnerships
Oasys is also partnering with Arbitrum Foundation and integrating Arbitrum Orbit’s L2 technology to promote Verse deployment and enhance liquidity options within the decentralized finance (DeFi) ecosystem.
In the short term, the focus appears to be on standardizing data protocols, applying digital assets across games, and releasing the VDK.
Looking ahead, however, Oasys aims to fully synchronize assets from Verse to L1, enhance cross-Verse interoperability, and develop tools that allow developers to customize their gaming environments.
The growth of the Web3 gaming sector
Blockchain-based games and digital assets are becoming increasingly popular in the Web3 gaming sector, which recently reached 4.4 million active wallets, a 20% increase from mid-2024.
Oasys’ potential is demonstrated by titles such as Champions Tactics, which launched on its platform in 2024.
Prior to launch, a collection of 9,999 free non-fungible tokens (NFTs) linked to in-game characters saw strong trading interest, with transaction volumes exceeding 3,300 Ethereum.
Similarly, De: Lithe Last Memories, another Oasys title, saw all its NFT land plots and character dolls sell out in 2024.
The success of games like this, with more than 700,000 participants at pre-registration, indicates that users find value in digital asset ownership, which drives higher spending and engagement.
Oasys’ DeFi offerings
In addition to blockchain gaming, Oasys is also expanding its DeFi capabilities with the recent launches of Palmy Finance, a lending protocol, and TealSwap, a decentralized exchange (DEX), both of which offer DeFi traders new liquidity venues.
As these features grow and become more available, players will be able to earn income on their digital assets and more beyond gaming to explore the broader Web3 sector.
Although OAS, the native Oasys token, is not yet available on major crypto exchanges, potential listings could enhance its liquidity.
Still, with over 150,000 unique wallets and three million transactions recorded in the past month, Oasys is already poised for further growth.
