OAS token worth skyrocketed final week after South Korea’s largest crypto alternate, Upbit, listed the coin related to Japanese gaming blockchain Oasys. Upbit joins the ranks of different exchanges itemizing the native token, together with Crypto.com, OKX, HTX, amongst others.
Based in Japan and Singapore, Oasys is a decentralized platform supported by main gamers within the gaming trade, together with Ubisoft and SEGA.
With its gaming-focused options, Oasys distinguishes itself within the crowded area by its structure, which features a major layer-1 blockchain and an Ethereum-compatible layer-2 scaling answer. The platform’s capabilities additionally allow every particular person recreation to create its personal distinctive model, or “Verse”.
In unique feedback to crypto-news, Oasys shared that main recreation builders constructing on their platform is a game-changer. “The choice of main recreation builders to construct on Oasys is transformative, paving the way in which for mass adoption of blockchain video games by incorporating high-quality and standard IP titles,” mentioned Daiki Moriyama, Director at Oasys.
The transfer represents a serious transition in the direction of extra scalable and user-friendly blockchain options within the gaming trade, he added.
Through the use of Oasys’s ecosystem, these video games can profit from sooner transaction speeds and decrease charges, upgrading the general person expertise.
“Integrating large-scale video games will increase the amount of transactions, which not solely checks but additionally strengthens our ecosystem’s capability and stability,” Daiki additional explains.
Oasys can be optimistic concerning the upcoming itemizing of their tokens on Upbit.
“We’re assured that the itemizing on Upbit displays the growth of the Oasys ecosystem and signifies medium to long-term progress expectations for the model, pushed by the long run onboarding of main video games, fairly than mere hypothesis,” they mentioned.
This itemizing is predicted to enhance the liquidity of $OAS, making it extra accessible to Korean buyers.
OAS is the utility token of Oasys, providing staking as one in all its major features. By staking their OAS tokens by Oasys Hub, customers can earn rewards within the type of further OAS tokens and different rewards from validator-run campaigns. Furthermore, OAS holders can take part within the platform’s decentralized governance system.
Oasys was created to handle two main points within the blockchain world: excessive fuel charges and sluggish transaction speeds. Regardless of being a comparatively new participant out there, Oasys shares its objectives with infrastructure builders like , , and Polygon, all striving for a scalable blockchain ecosystem.
