Quick take:
- Jump Crypto, Crypto.com, Huobi, Kucoin and others participated in the private token sale.
- Oasys is working on solving the prevailing challenges of slow transaction speeds, high gas fees and unoptimized interfaces inherent in Web3 gaming.
- Funds will be used to strengthen partnerships with new and established game developers.
Oasys, a blockchain for the Web3 gaming community, today announced that it has successfully completed a private token sale round led by blockchain financing and investment platform, Republic Capital.
Some of the biggest names in Web3, such as Jump Crypto, Crypto.com, Huobi, Kucoin, Gate.io, bitbank and Mirana Ventures, also participated in the round.
Based in Japan and Singapore, Oasys is a new blockchain on a mission to improve the blockchain gaming experience. It is working on solving the prevailing challenges of slow transaction speeds, high gas fees and unoptimized interfaces inherent in blockchain gaming.
“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,” said Ryo Matsubara, Director at Oasys. “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.”
At the same time, Oasys is building a scalable crypto-native ecosystem for game developers, Web3 experts and blockchain gaming guilds. Some of the initial validators on its blockchain include Bandai Namco Research, SEGA, Ubisoft, Netmarble, Wemade, Com2uS and Yield Guild Games, one of Asia’s most prominent play-to-earn gaming guilds.
The funds will be used to invest in new marketing and business development initiatives as well as expand the Oasys team, along with strengthening partnerships with new and established game developers, digital asset exchanges and other companies within the gaming and crypto ecosystem.
The private token sale follows Oasys’s recent collaboration with ConsenSys to build a blockchain gaming wallet.
The Oasys team is also behind doublejump.tokyo, a Japanese Web3 game development company that recently concluded a $25 million fundraise from investors including Jump Crypto, Next Web Capital and Protocol Labs.
Some of doublejump.tokyo’s bestselling titles include My Crypto Heroes and Brave Frontier Heroes, which have sold over 27,000 ETH worth of in-game assets since their release in 2018.
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