Friday, October 18

Key Takeaways

  • DEA and Oasys to collaborate on the development and deployment of a new Layer 2 blockchain called DEP Verse.
  • DEA and Oasys will work together on various initiatives, including considering new game titles for the Oasys platform and conducting joint marketing and PR campaigns to make blockchain games more appealing to a wider audience.
  • Through the partnership with Oasys, DEA aims to support more indie game studios and expand the GameFi ecosystem.

Singapore-based web3 entertainment company Digital Entertainment Asset (DEA) has partnered with Oasys, a Japanese blockchain gaming platform, to build and deploy a new Layer 2 blockchain called DEP Verse on the Oasys Layer 1 blockchain hub.

The collaboration aims to solve social problems and promote mainstream adoption of blockchain gaming.

DEA will provide consulting and support to projects launching games on Oasys, while Oasys will consider new game titles from DEA for its platform. The partnership also includes joint marketing efforts to attract mainstream players to blockchain games.

DEA’s PlayMining GameFi platform, which has over 2.7 million users, offers Play-and-Earn games where players can earn DEAPcoin ($DEP) while playing. It also features NFT marketplaces for artists to earn royalties and users to spend DEAPcoin.

DEA plans to expand its support for indie game studios through the partnership with Oasys, providing a platform for launching games and monetizing intellectual property through NFT sales.

Oasys is a game-focused blockchain that offers a layer 1 hub technology and a layer 2 verse platform for dApp development. It uses an environmentally friendly Proof of Stake consensus mechanism and has major game companies such as SEGA, Square Enix, and Ubisoft as initial validators.

Oasys aims to energize the gaming industry from Japan and is excited about the possibilities of DEA’s DEP Verse in expanding gaming and promoting social good.

DEA envisions GameFi-for-Good initiatives, where Play-and-Earn earnings are used to support disadvantaged groups and expand the paradigm of blockchain gaming to the advertising industry. They hope that Play-and-Earn games will attract non-gamers and contribute to the wider adoption of blockchain technology.

DEA co-founder and co-CEO, Kozo Yamada, expressed their overarching vision for the PlayMining platform, emphasizing their mission to harness the power of web technology and transform video games into a potent tool that can generate positive societal impact. Their belief is that games have the potential to contribute to various areas, including environmental sustainability, social welfare, governance, and the achievement of sustainable development goals (SDGs).

Read Also: Gaming Blockchain Platform Oasys Secures Funding From Jsquare, Galaxy Interactive and Nexon

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R Shah is a journalist and writer based out of Delhi, India. She is an Economics graduate from Delhi University. She can be reached at R.Shah@alexablockchain.com.

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