Oasys Announces Partnership with SBI Holdings
Strategic Collaboration Overview
Oasys, a blockchain platform that provides both Layer 1 and Ethereum-based Layer 2 networks tailored for game developers, has forged a strategic partnership with SBI Holdings, Inc., a leading financial conglomerate in Japan. This partnership, revealed in a press release on August 29, aims to boost the growth of the Oasys ecosystem and facilitate the success of multiple blockchain games slated for release in 2024.
Exciting Developments in Gaming
In a move to further expand its offerings, Oasys is thrilled to join forces with METABORA SG, a subsidiary of Kakao Games. Together, they aim to explore the creation of a premium intellectual property (IP) game specifically designed for the Japanese market. This collaboration marks an exciting beginning for Oasys under its #DragonUpdate initiative for 2024.
Funding and Support for Developers
The partnership with SBI Holdings is set to enhance liquidity for OAS tokens, making them more attainable for both investors and gamers. Furthermore, this collaboration is positioned to provide developers with critical funding and infrastructure needed to innovate in the blockchain game space. Oasys aims to foster a dynamic community and draw in numerous partners and developers, thereby expanding its ecosystem within Japan.
Insights from Oasys Leadership
Ryo Matsubara, Oasys’ Representative Director, emphasized the importance of adequate funding and liquidity to ensure the success of partnered games and to facilitate the growth of the Oasys ecosystem. He noted that SBI Holdings, one of the largest financial entities in Japan, is strategically equipped to support Oasys in its ventures, leveraging its established presence in both the U.S. and Chinese markets.
SBI Holdings’ Proven Track Record
SBI Holdings is renowned for its history of investing in blockchain projects, including Ripple (XRP) and R3. Its collaboration with Oasys presents an opportunity to further broaden the applications for blockchain technology across various sectors.
Oasys’ Asian Expansion Strategy
In addition to partnering with SBI, Oasys has received backing from major gaming enterprises like Sega, Ubisoft, and Yield Guild Games, all serving as validators for the network. Earlier this year, Oasys pursued growth in Asia by collaborating with Com2uS, a South Korean game developer, indicating a strong interest from Korean developers in blockchain gaming for global markets. These partnerships are integral to Oasys’ Dragon Update strategy, aimed at enhancing blockchain gaming by fostering interoperability and collaboration with content creators.
Current Market Performance
The native token of Oasys, OAS, is currently trading at $0.0471, showcasing a significant 20.86% price increase over the last 24 hours. Over the past week, there has been impressive growth, with a 51.21% increase noted. The circulating supply is 387.86 million OAS, contributing to a total market capitalization of approximately $72.06 million.