Oasys, a blockchain initiative that aims to assist gaming companies by providing quick transactions at no cost, has made a significant advancement toward being fully functional.
The business recently declared that the first stage of activating its mainnet has begun, with validators in the network now interacting with nodes and verifying the key features of the chain.
21 businesses make up the chain’s validator set, including gaming powerhouses like Sega, Bandai Namco, Square Enix, and Ubisoft. The chain is anticipated to deploy the full mainnet on November 8, at which point it will start connecting the crucial parts of the system with the wider ecosystem.
The Mainnet launch is a significant step forward in creating a fully-functional, public-led gaming blockchain that will transform the gaming future and give extensive value to players and game developers alike.
Daiki Moriyama, Director at Oasys
This launch occured after the company gained an audit that its smart contracts system functions as expected following an assessment from Quantstamp, a smart security auditing company.
In a closed token sale in July, Oasys raised $20 million with the help of Republic Capital, Jump Crypto, Crypto.com, Huobi, Kucoin, and Gate.io. The business is still striving to make its coin accessible to regular investors on several platforms, however.
Oasys is attempting to carve out a niche for itself in the expanding gamefi business by providing a chain that is marketed as being environmentally friendly, quick, and free of costs. By 2025, the $8 billion sector is anticipated to grow dramatically to reach a valuation of more than $50 billion.
