One of the hottest trends in the Web3 segment right now is inevitable Gaming. The size of the Global Games Market has been in a growing trend since 2019 and it is estimated that in the next 2-3 years the market. The game will continue to grow. Another interesting trend is investment from Venture Capitals. During Q1-Q2 2022, gaming projects were the sector that attracted the most investment from VCs compared to other sectors such as DeFi, Infrastructure or Crypto Financial Service, for example. In the first quarter of the year alone, more than $1.2 billion in investment in Gaming from VCs across 128 projects shows the sector’s ability to grow in the future.
In addition to various game applications, one of the project types that will be undeniably important to the success of the gaming sector is Infrastructure or Blockchain that is specifically designed to support gaming. Unlike Blockchain for other applications Most of the time, Blockchain for games requires a lot of speed. And the transaction fee must be very cheap or nonexistent.
One interesting game-specific blockchain project is the Oasys Blockchain, which was launched on February 7, 2022. The Oasys Blockchain was developed by a start-up company called Oasys PTE. .LTD from Japan and Singapore Who has experience and expertise in game development since 2018, such as the popular game My Crypto Heroes, recently raised over $20 million in funding in July 2022. Invests include Republic Capital, Jump Crypto, Crypto.com, Huobi, Kucoin, Gate.io, Bitbank and Mirana Ventures.
Oasys kicked off the first phase of the Mainnet launch on October 25, 2022, partnering with 21 Web3 game companies as validators for Oasys’ Proof of Stake systems such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games
Compare Blockchain for Games and for DeFi
Before getting to know more about Oasys Blockchain. Let’s first understand why there is a need for a specific blockchain for games. Let’s take a look at the difference between Blockchain for DeFi and Games.
When it comes to DeFi, such as Decentralized Exchanges or Lending Protocols, for us to invest in DeFi, we have to put our money on that DApps, making security the most important thing. Therefore, a Blockchain that is suitable for DeFi will must focus on the matter of Decentralization and Data Availability are the most, while network stability and transaction speed are secondary. Thus, we could say that Ethereum is the best blockchain suited for DeFi even though the fees are a bit high.
However, if it comes to games that focus on fun and fluidity of activities within games. And if you want the game to be an experience like Web2 Games, there must be no transaction fee. So in this case, the most important things would be Transaction Speed, Network Stability and Gas Fee.
In conclusion, it can be seen that it is best to have a specific Blockchain for the game. But nowadays, most of the existing blockchains still have some limitations that prevent the gaming experience from being as smooth as it should be, such as slow transactions and transaction fees. Oasys Blockchain will answer all of these questions.
What is the Oasys Blockchain?
As previously mentioned, Oasys is a “Blockchain for the Games” blockchain designed to provide high transaction speeds and zero transaction fees (Zero Gas Fee). Combine the advantages of both Public L1 Blockchain and Private L2 Blockchain.
The Oasys Blockchain has a unique structure called “Oasys Architecture” with Consensus as Proof-of-Stake that can support the Ethereum Virtual Machine (EVM) and the structure is Multi-layered By separating the Consensus Layer/Data Availability Layer and the Execution Layer separately, called Hub-layer and Verse-layer, respectively, the multi-layer design will help the Blockchain work with maximum efficiency because it will separate Each task is different. All of which will make transactions faster and scale to support a large number of applications.
Details of Hub-layer and Verse-layer are as follows:
Hub-layer: It is the center of the ecosystem by acting as a Consensus and Data Availability Layer used for data storage. Exchange data and verify transactions within the ecosystem. Hub-layer has a block time of 15 seconds equal to that of Ethereum.
Verse-layer: It is the Oasys Ecosystem Layer 2 Blockchain that uses Optimistic rollups technology to collect transaction data to save on the Hub-layer. Another difference is that Oasys will save transactions on the Hub-layer immediately without waiting 7 days like Optimistic Rollups. This enables Oasys transaction speeds to be superior to other Blockchain and Layer 2 solutions, enabling games built on Oasys to be as fast as games we are familiar with on Web2.
FT/NFT Design
In addition, Oasys also provides facilities for game developers who often encounter Fungible Token (FT) and Non-fungible Token (NFT) design issues such as In-game Currrency or Game Items that are quite complex. It already supports simple FT/NFT designs for game developers to choose from according to their needs. FT/NFTs on Oasys are divided into 3 categories.
- vFT/vNFT: Buildable on Verse-layer and can only be used on certain Verse-layers without being able to bridge out to other chains.
- oFT/oNFT: Buildable on the Hub-layer and can be deployed on all Verse-layers and bridged out to other chains using a cross-chain bridge.
- exFT/exNFT: Built on a chain outside of Oasys and can be implemented within the ecosystem via a cross-chain bridge.
The advantage of having a wide variety of FT/NFTs available to game developers is the flexibility to use them according to their purpose. from the movements of the external DeFi market, however, for assets such as Land and weapons required to be able to be moved can also be used as oNFTs, for example.
Summary and Roadmap
As you can see, Oasys is a blockchain designed by gaming experts for real gaming applications. It focuses on transaction speed comparable to Web2 Game and has no transaction fees for users. In addition, the Oasys Ecosystem is designed to be scalable and has been designed for game developers to easily use.
One of the key roadmaps for the future of Oasys is the development of the Governance system into a complete Decentralized Autonomous Organization (DAO) within six years, allowing the community to take part in deciding the direction of the project’s development. Oasys also plans to expand partnerships with more game developers and platforms to further strengthen the ecosystem.
Read more at:
Website: https://www.oasys.games
Twitter: https://twitter.com/oasys_games
Medium: https://medium.com/@oasys
Discord: http://discord.gg/oasysgames