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Japan’s gaming blockchain builder Oasys raises $20M in private token sale

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The veterans of the world of the sets established are going to Web3. Whether they do it for fear of getting lost or a genuine belief in blockchain technologies, the trend seems irreversible at least for now, since the investment continues to reach the industry.

Oasys, a head -based startup and Singapore that is building a block chain for game developers, has just collected $ 20 million. The round was directed by Republic Capital with the participation of Jump Crypto, Crypto.com, Huobi, Kucoin, Gate.io, Bitbank and Mirana Ventures.

Instead of a traditional capital round, the capital came in a sale of private tokens, which “does not dilute the heritage of our project in which we firmly believe” and “allows us to reach a broader base of sponsors than a collection of funds of traditional capital “Daiki Moriyama, director of Oasys, tells Techcrunch.

The founding team is deeply rooted in the Japanese game industry, but chose Singapore as the other home of the firm because Japan “has regulatory problems regarding cryptography assets,” says the executive. Singapore has become a cryptographic center in Asia in recent years.

Some of the biggest obstacles that face blockchain -based applications are slow and high gas rates, the costs incurred when a transaction is added to a block chain. Infrastructure developers like Solana, Avalanche and Polygon are trying to make Blockchain services more scalable.

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Oasys, only five months, share the same goal. In order for most games to be “fun” or “good” in the block chain, they must be highly scalable with a high transaction speed and low or zero gas rates for users, Moriyama suggests.

With an approach to Blockchain games, Oasys has attracted a list of family names in the world of games to be “validators” in their blockchain. The network uses the “Take Test” consensus mechanism, a less energy intensive alternative to the “work test” method used in the Bitcoin chain. In post, a validator “bets” his tokens on the network and is responsible for ensuring that the data saved in the network is valid.

Oasys’ first validators include Bandai Namco Research, a research arm under the Japanese entertainment conglomerate; Sega, a Japanese console giant; Ubisoft French Games Group; The video game companies of South Netmarble, Wemade and Comus; In addition to paying guild games, an outfit backed by A16z in the Philippines that allows users to play games to win tokens that can be collected.

Finally, Oasys hopes to assign more government power to your community and the transition to what is called a decentralized autonomous organization. Unlike a traditional corporation with a Board of Directors that shapes the company’s management, a DAO has no central authority and is based on intelligent Blockchain contracts to execute decisions agreed by the community.

With the new financial infusion, Oasys plans to strengthen associations with game developers, exchanges of digital assets and others in the games and cryptography industry. It will also spend money on marketing, business and hiring development. The company has approximately 20 employees in Singapore, Japan, South Korea and the US.

When asked about possible collaborations with Oasys cryptographic exchange investors, Moriyama explains: “Naturally, there is a firewall between the investment team and the listing equipment, but the fact that the investment team has been considered The penalty invest in which the list is highly valued by the list. As a result of the team. ”

Oasys is actively working to enumerate your tokens in several encryption exchanges.

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