Oasys Completes USD20 million Private Token Sale Round Backed By Leading Institutions in Crypto and Gaming
- Written by The Chronicle
Oasys is a new blockchain project based in Japan and Singapore, established with the mission to create better blockchain gaming experiences for players. The company is working on innovative solutions to solve the prevailing challenges of slow transaction speeds, high gas fees and unoptimized interfaces inherent in Web3 gaming, while building a scalable crypto-native ecosystem for game developers, Web3 experts and blockchain gaming guilds. Oasys enjoys strong institutional support and some of the initial validators on its blockchain include the likes of Bandai Namco Research, SEGA, Ubisoft, Netmarble, Wemade, Com2uS and Yield Guild Games, one of Asia's most prominent play-to-earn gaming guilds.
The Oasys team is also behind doublejump.tokyo, one of the most successful Web3 game developers from Japan that also recently concluded a USD25 million fundraising from investors including Jump Crypto, Next Web Capital and Protocol Labs. doublejump.tokyo's major game titles, My Crypto Heroes and Brave Frontier Heroes, were the top blockchain games in both daily active users and sales (over 27,000 worth of ETH sold) since their release in 2018, through to early 2020.
The funds will be used to strengthen partnerships with new and established game developers, digital asset exchanges and other companies within the gaming and crypto ecosystem. Oasys will also use the funds raised to invest in new marketing and business development initiatives as well as increase its local headcount to meet the explosive growth in mainstream interest around blockchain games. The private token sale follows a recent Oasys' strategic collaboration with ConsenSys to build a better-optimised wallet for blockchain gaming.
Ryo Matsubara, Director, Oasys, said: "The unequivocal backing we have received, by many of the leading institutions from both the crypto and gaming world, is a strong mandate for Oasys, as we embark on our mission to transform blockchain gaming experiences. Beyond financial support, this vote of confidence from our valued investors also demonstrates to game developers and other ecosystem partners that our project is well-positioned to capitalise on future growth opportunities in the market."
Brian Johnson, Partner, Republic Capital, said: "Oasys is shaping the future of blockchain games and leading the charge by bringing legacy gaming IPs on-chain. We believe it was only a matter of time before the gaming giants like Bandai adopted blockchain technology, and are impressed by the domain expertise of the Oasys founders. Republic Capital is excited to partner with the Oasys team and look forward to working closely with the company to execute its vision going forward."
Oasys will continue its focus on improving user experiences, in collaboration with key domestic and international partners, and contribute to the global expansion of blockchain games, helping to bridge the gap for game developers in entering Web3.
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About Republic Capital
Republic Capital is a multi-stage venture capital firm focused on accelerating disruptive innovations. R/Capital's franchise in technology investing continues to grow significantly, and seeks to invest in companies at the cusp of commercialization, with a focus on enterprise, fintech, deep tech, and web3. Republic Crypto has a full suite of services including: tokenomics, tokenization, capital support, business development, growth + marketing, and token offerings.
About Oasys
Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, 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 biggest gaming company names to serve as the initial validators, Oasys is revolutionising the gaming industry with its Proof-of-Stake (PoS) based eco-friendly blockchain.
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.