Investment focus in the blockchain industry is gradually tilting towards gaming. Its amount in the first half of 2022 reached $3.7B, surpassing $780M for 2021, and the total number of projects reached 1,498.
GameFi now accounts for 16.4% of all blockchain investments, showing a significant change in the industry trends. All major blockchain VC firms have been actively following the trend and expanding their GameFi portfolio.
Oasys, a gaming-optimized blockchain platform, has completed a strategic funding round led by Jsquare, a Web3 development VC fund with over $150 million AUM, co-founded by James Wo of DFG. It was joined by Galaxy Interactive, Nexon, Presto Labs, MZ Web3 Fund, Hyperithm and other funds as participants of the round.
Joanna Liang, Co-Founder of Jsquare, said: “GameFi has an undeniable impact on widening crypto adoption and development, so it’s vital to support projects that put users at the heart of its operation to make a product of true quality.”
Launched in February, Oasys intends to foster the growth of play-to-earn gaming by offering gaming-focused blockchain platform. It committed to partnering with 21 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games.
Led by a team of blockchain experts and joining forces with the prominent gaming brands to serve as the initial validators, Oasys is revolutionizing the gaming industry with its Proof-of-Stake (PoS) blockchain.
Why does it matter? With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users, readies participants to enter the Oasys and play.
Daiki Moriyama, Director of Oasys, points out that the aftermath of the recent occurrences in the Web3 sector have highlighted the need of constructing a decentralized and resilient company, one founded on producing top-notch games and gaming content.
“We will provide a new generation of blockchain games with the gameplay and unmatched experience the community desires due to the backing. And, invaluable knowledge of top game creators, the largest institutional supporters in Web 3, and individual investors from all over the globe,” Daiki Moriyama added.
Oasys or its investors did not disclose the funding amount. However, the company told that it will use the funds to grow its ecosystem by expanding its pool of partners and strengthen its validator network to take blockchain gaming to mainstream audiences.
Following the round, Oasys’ token sale, which was open for five days, reached its funding goal in less than 12 hours and with investors from 60 countries. Earlier this year, Oasys completed a $20 million private token sales round and launched its Mainnet in October 2022.
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