Oasys, the Japanese gaming blockchain, has secured a strategic partnership with the SBINFT NFT marketplace.
A blockchain-based gaming network. Oasys and SBINFT Market, an SBI Group non-fungible token (NFT) marketplace, have established a strategic partnership to facilitate the growth of the NFT and cryptocurrency gaming ecosystem in Japan.
SBINFT Market Offers Additional Advantages to Oasys
By this alliance, the SBINFT Market now provides support for assets originating from Oasys’ Hub-Layer (Layer-1) and MCH Verse (Layer-2) blockchains. This further complements its prior integration with the HOME Verse of Oasys.
Significantly, Oasys takes pride in being among the firms that have attracted the attention of established gaming behemoths such as Ubisoft, Bandai Namco, and Saga. For this reason, the Asian nation is mobilizing resources to support expanding the blockchain gaming industry.
By virtue of the new partnership, Oasys-based developers will be able to auction off their collections on the SBINFT marketplace. However, SBINFT Market has yet to grant sanction for this particular feature. For listing on the marketplace, only digital collectibles originating from authorized artists and Oasys-affiliated providers will qualify.
Oasys Director Daiki Moriyama recognized the critical importance of the marketplace’s endorsement of Oasys’ Hub-Layer and MCH Verse to the ecosystem as a whole. Moriyama emphasized that this expands the potential for monetization and engagement within the blockchain gaming industry for both Oasys consumers and developers.
“We are thrilled to expand our presence in Japan and introduce our blockchain solutions, specifically designed for the gaming industry, to one of the most innovative markets globally,” the Oasys Director said in a press release.
Since its inception, SBINFT Market has supported a wide array of tokenized assets, including digital art, music, in-game objects, and event tickets. It has also enabled transactions to be conducted using credit cards and digital currencies. SBINFT Market provides support for NFTs on the Polygon and Ethereum blockchains.
In addition to its new partnership with the NFT marketplace, Oasys is developing its own OASYX NFT collection and the forthcoming Ubisoft game Champions Tactics: Grimoria Chronicles, both critical endeavors. Ubisoft is the gaming behemoth responsible for the Assassin’s Creed franchise.
Facilitating the Expansion of Blockchain Gaming
Oasys is unambiguously committed to advancing the blockchain gaming industry in Asia. Earlier this year, the company partnered with Pacific Meta to advance blockchain gaming in the Chinese-speaking market. The objective is to capitalize on Pacific Meta’s expertise in strategic development, promotional endeavors, and token listing support.
Pacific Meta’s proficiency extends to community engagement, Key Opinion Leader (KOL) marketing, social media administration, and localization.
According to industry experts and analysts, the blockchain gaming industry appears promising overall. A study conducted by analysts at Fortune Business Insights estimates that the decentralized finance gaming sector (GameFi) will reach a substantial $614.91 billion by 2030, expanding at a compound annual growth rate (CAGR) of 21.8%.
Several factors, including the increased interest in online gaming following the COVID-19 pandemic, which impacted the entire global market, will contribute to the prospective expansion.
