Softbank teams with startup Oasys as a blockchain gaming validator
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Japanese technology conglomerate Softbank has partnered with Oasys, a gaming-optimized blockchain built for gamers.
Softbank will join as an official validator of Oasys, which means it will and together they will explore the development of blockchain-based services for the gaming industry. That means that Softbank will help provide the security and computing power for Oasys’ proof-of-stake blockchain network, enabling it to do transactions for its gamers more easily and inexpensively.
Through the collaboration with Oasys, Softbank is positioning itself as a player in blockchain gaming. Oasys cited a report by Research and Markets that the blockchain gaming market is expected to grow at a compound annual growth rate (CAGR) of 13.3% from 2020 to 2025, reaching a value of $3 billion by 2025.
The move comes on the heels of another Oasys validator announcement by Japanese game publisher Square Enix, the maker of the Final Fantasy games.
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Oasys is based in Singapore and Japan.
Softbank and Square Enix were some of the big parties to join Oasys’ blockchain, which already has backing from other initial validators including the likes of Bandai Namco Research, Sega, Ubisoft, Netmarble, WeMade, Com2uS and Yield Guild Games.
Oasys is creating an ecosystem for gamers and developers to distribute and develop blockchain-based games. It solves the problems game developers face when building games on the blockchain. Its strategy is to build the
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