L1 Gaming Blockchain Oasys to Boost Asset Interoperability Between Games: HushHub Report
HushHub Research published a report on Oasys, one of the leading gaming-focused layer-1 blockchains in the crypto ecosystem. According to the report, Oasys has gained a reputation in Japan and globally for providing game-specific user experiences that are difficult to achieve with existing games and general-purpose blockchains and for providing a mechanism for long-term use and utility of digital assets acquired in games.
HushHub pointed out that Oasys is the best infrastructure to launch and engage with games based on the growth potential, investment trends in the blockchain gaming space, and Oasys’ future outlook.
As a leading gaming L1 blockchain, major game developers like BANDAI NAMCO, Sega, and Square Enix have joined the ecosystem. The second layer (Layer 2) is the foundation of the Verse layer, where each blockchain game runs, providing data safety and strong security to optimize the gaming experience.
Verse is a Layer-2 with Oasys Hub serving as the layer-1 blockchain where each game developer and other third parties build and deploy their games. It has the flexibility to handle the high-speed processing required for gaming, a gasless experience, and the unique tokens specific to each project.
The State of Oasys
Currently, the Oasys blockchain has 41 million total unique active wallets, has processed over 186 million transactions, and houses more than 40 blockchain games.
Oasys data availability is an effort to take full advantage of the digital asset functionality that blockchain games bring.
Oasys records game data for each Verse, and participating validators are responsible for verifying data availability. It's dedicated to security and is the destination for data recorded for each Verse.
Oasys has an advantage over the other gaming blockchains by synchronizing digital assets from Verse Layer to Oasys Hub (layer 1) to create an infrastructure that can be used across different games. This makes it easier for game developers to design for interoperability and allow users to leverage the same digital assets across multiple games, thus providing more opportunities for an uninterrupted gaming experience.
The report added that Verses onboard multiple blockchain games for each theme. Oasys currently has 12 Verses and is working on enhancing the unique experience of blockchain gaming by allowing them to seamlessly interoperate across the blockchain.
Furthermore, Oasys provides a developer kit (Oasys VDK) that allows game developers to focus on content development and launch Verses faster. Companies and development teams can launch a Verse with pre-configured tools, significantly reducing technical and human capital requirements.
Oasys has partnered with the Arbitrum Foundation to integrate Arbitrum Orbit, a layer 2 creation and deployment tool. This allows developers to launch a Verse using Arbitrum Orbit.
Arbitrum is a liquid ecosystem that plugs into the mature DeFi segment, and the partnership between Oasys and Arbitrum opens up the possibility of increasing the liquidity of a Verse.
The Potential of $OAS Tokens
$OAS is the key currency of the Oasys ecosystem and drives the overall growth of the ecosystem. With Oasys, game developers can issue their own game tokens for their projects. These game tokens acquire value using transactions between players and from in-game use.
HushHub pointed out that $OAS is not yet listed on Binance or Coinbase, two of the world's most influential crypto exchanges. This signifies a liquidity constraint, which is one reason for the undervaluation.
Listing on Binance or Coinbase will bring a lot of liquidity to $OAS, increasing the possibility of further price increase.
The Top Verses on Oasys
HushHub also looked at some of the leading Verses on the Oasys blockchain. Chain Verse is currently the most active Verse, with over 3 million accounts, featuring Chain Arena.
In second place is TCG Verse, with over 2.5 million accounts, featuring OasChoice, while Saakuru Verse takes third place, with over 1 million accounts, featuring GOGA.
Competitor Blockchains vs. Oasys
Oasys is not the only gaming blockchain in the ecosystem. Other leading gaming blockchains include Immutable and Ronin. While Immutable is a dominant platform in terms of the number of games and Ronin in terms of the number of unique active wallets, Oasys boasts similar strengths and potential.
Oasys is more flexible than Immutable due to customizable Verses. The blockchain also has a better user distribution across games than Ronin. Finally, Oasys has a strong validator network of established gaming companies.
Oasys’s Potential in the Web3 Ecosystem
With the Web3 gaming ecosystem expected to grow even bigger, HushHub predicts that Oasys could increase its market share in the coming months and years. Oasys has the strength to enhance interoperability between Verses and provide a seamless user experience at the infrastructure level.
This makes it easier to adapt to the current trend in the blockchain gaming industry, where the number of users increases, and infrastructure is paramount, and to meet the long-term demand for game-specific infrastructure that is expected to grow.
Oasys is a platform that is highly reliable in terms of security and sustainability, with major Japanese companies participating as validators. Oasys is thus able to retain and utilize digital assets acquired in games while supporting the growth of the ecosystem. Unlike traditional short-term consumption entertainment, this enables a new value experience and provides users with long-term asset value. This value will bring out the inherent appeal of games, especially for the Web3 gaming audience, and will also contribute to user loyalty.
According to DappRadar, Oasys and its current Verses have amassed 150,000 unique active wallets and more than 3 million transactions in the last 1 month.
Apart from the game content, Oasys is also strengthening and augmenting DeFi. In September 2024, Oasys launched Palmy Finance, a lending protocol, with an opportunity to earn stable interest-based income using $OAS and other services.
In TealSwap, Oasys ’ DEX, liquidity from the Arbitrum ecosystem through the Arbitrum Orbit integration is available, and there is potential for even more liquidity in DeFi Verse for DeFi traders and players. This strengthens the ecosystem, and users can efficiently use the profits generated from their digital assets on the blockchain.
HushHub finally pointed out that there may be multiple avenues for so-called mass adoption, but games remain one of the most likely options. As the leading infrastructure of choice for that component, Oasys will command even more attention in the blockchain gaming space.
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