What is OASYS and How Does it Work?

The advent of blockchain technology has brought about numerous innovations in various industries. In gaming, blockchain is set to revolutionize how games are developed, played, and monetized. Leading the charge in this emerging field is Oasys, a public blockchain specializing in games. Oasys is the brainchild of a consortium of renowned game companies that aims to leverage the transformative power of blockchain technology in the gaming industry.

Source: Oasys Documentation

At its core, Oasys is an EVM-compatible protocol based on the Oasys Architecture, which is a unique, multi-layered structure made up of the Hub-Layer and the Verse-Layer. The Hub-Layer is a scalable Layer 1 protocol, and the Verse-Layer is a special Layer 2 built with Ethereum’s scaling solution for Layer 2. The Verse-Layer is where game-specific logic and interactions happen.

Oasys has a big plan: it wants to not only add to the current interest in the Metaverse, a digital world built in 3D space, VR, and social communities but also push it further into the “Multiverse Era.” The idea of the Multiverse Era is that in the future, people can move through different digital worlds or “Metaverses” as easily as they move between different social media platforms.

Read More about Metaverse

To facilitate this shift from Metaverse to Multiverse, Oasys aims to solve interoperability issues between Metaverses. Blockchain technology and the use of Non-Fungible Tokens (NFTs) to prove ownership of digital assets across different Metaverses are the main ways to do this.

The Oasys blockchain is designed to give users a better experience than the existing Layer 1 blockchain technologies. Oasys wants to make it easier for gamers to use blockchain by making it easy to use and fixing problems like slow transaction speeds and high gas fees. On Oasys, game makers can make their own Layer 2 Metaverse and pay for the gas costs of everyone who uses it. So, gamers can play their games without worrying about extra costs.

Beyond improving the user experience, Oasys is also committed to being environmentally friendly. It uses a Proof-of-Stake (PoS) consensus algorithm, reducing unnecessary power consumption associated with other consensus mechanisms. This eco-friendly approach makes the Oasys blockchain a sustainable choice for game developers looking to build highly usable, flexible, and eco-friendly Layer 2 Metaverses.

The rise of the multiverse, the burgeoning NFT market, the growth of Layer 2 technology, and more importantly, the backing of a dedicated gaming community, all coalesce to form the perfect storm for Oasys. But its journey is only just beginning. The successful realization of its vision will require the continued support of game developers, the gaming community, and most importantly, the fans who are central to the future of gaming.

In this context, Oasys is not just a new blockchain protocol; it is also an open invitation to game developers and gamers to join an exciting journey toward a Multiverse future that promises to change our ideas about what gaming can be. It is a vision in which technology is the foundation for immersive experiences, unrestricted creativity, and meaningful social interactions that push the limits of gaming into areas that have not been explored before. This is the world that Oasys is making, and everyone is welcome to join.

History of OASYS, Origins and Key Persons

Oasys was born out of a potent mix of expertise, ambition, and a deep understanding of the gaming and blockchain industries. The team, carrying a rich legacy of having developed several well-known titles since 2018 like ‘My Crypto Heroes,’ is equipped with a wealth of experience in blockchain games and NFTs. Their journey through the development and evolution of blockchain games, coupled with their exposure to the DeFi boom in 2020 and the subsequent NFT wave in 2021, allowed them to identify the unique pain points that characterize the gaming landscape.

The core team behind Oasys comprises seasoned gaming industry veterans and blockchain experts. Together, they bring an impressive depth of knowledge, proficiency, and dedication to the table. Their unwavering desire to overcome significant obstacles the gaming industry faces in implementing blockchain technology fuels their collective vision for Oasys.

Despite the substantial growth of the blockchain games market, the Oasys team observed that the existing blockchain infrastructure lacked the specific features necessary to support the demands of widely played games. The team recognized that DeFi applications and blockchain games have distinct operational needs, requiring different functionalities from a blockchain. This understanding served as a foundational principle in the creation of Oasys.

One of the primary differentiating factors the team identified was the significant disparity in transaction volumes between DeFi and blockchain games. They realized that the transaction volume of blockchain games is exceedingly higher than DeFi, making it crucial for a gaming-specific blockchain to be designed to handle the immense traffic anticipated from large-scale games.

Source: Oasys Whitepaper

Another key observation was the incompatibility of the Decentralized Autonomous Organization (DAO) model with blockchain games. Blockchain games require ongoing updates and service operations, unlike DeFi applications, which can seamlessly transition to a DAO management model. A game cannot be automatically developed or updated, and it is essential to improve the game continually, and provide daily content updates, new playable characters, or item drops to maintain high user engagement and a low churn rate.

Source: Oasys Whitepaper

The team also acknowledged the need for a blockchain solution specifically tailored to gaming needs, separate from DeFi’s requirements. While DeFi applications focus on high security due to their fund-locking nature, blockchain games demand high transaction speeds and stability under heavy transaction loads, without sacrificing decentralization or increasing gas fees.

Source: Oasys Whitepaper

All these insights led to a clear vision for Oasys - to create a blockchain designed for the gaming industry, which can offer a seamless user experience, instant transactions, scam resistance, and a robust operational framework for developers. Oasys seeks to empower the gaming community with a blockchain that overcomes the hurdles of the current systems and catalyzes mass adoption.

With notable figures like Gabby Dizon, Hajime Nakatani, Hironobu Ueno, Hironao Kunimitsu, and Shuji Utsumi backing the project, Oasys is poised to bridge the gap between the gaming and blockchain worlds and redefine the future of blockchain gaming.

How does OAS Work?

The lifeforce of Oasys, the OAS token, exemplifies an innovative approach to fostering a sustainable, decentralized network. It is a crucial part of the multi-token ecosystem within Oasys, which also encompasses Verse Tokens, Game Tokens, and DApps Tokens. Such a design is a strategic departure from traditional single-token economies. It is intended to provide developers with the liberty to create their bespoke ecosystems within the wider Oasys network.

In a traditional single-token economy, the token allocation is pre-determined, posing challenges for expanding the ecosystem to accommodate new Verse and games over time. The utility of the tokens also becomes increasingly complex as they must serve various functions across the entire ecosystem. Oasys’s multi-token model deftly tackles these issues, providing a flexible foundation for the growth and evolution of its gaming ecosystem.

Upon its launch, the OAS token supply was capped at 10 billion. As the backbone of the Oasys network, OAS tokens facilitate key functions including paying gas fees, forming the basis for decentralized governance, enabling staking rewards, and serving as a payment medium within the ecosystem.

OAS tokens enable users to participate in Oasys’s decentralized governance, driving important decisions like inflation rate changes, treasury uses, and which contracts to build on the Hub Layer. OAS token holders can stake their tokens to earn rewards and use them for making micropayments within the ecosystem.

Source: Oasys Whitepaper

To ensure the long-term growth and sustainability of Oasys, the initial supply of 10 billion OAS tokens was carefully allocated: 38% was dedicated to community and ecosystem growth, 21% was set aside for staking rewards, 15% attributed to the development fund, 14% given to early backers, and 12% allocated for the foundation.

Source: Oasys Whitepaper

In terms of governance, Oasys champions a sophisticated decentralized approach, striving for an autonomous decentralized operation via token usage. It employs a community-driven on-chain governance model, incorporating an indirect democratic method, which allows the community to elect council members. Keeping to its principles of simplicity, legitimacy, and efficiency, Oasys ensures that its governance model maintains decision-making authenticity while upholding decentralization.

The OAS token is a dynamic element within the Oasys network, providing essential infrastructure support, promoting active participation, and fostering an ecosystem designed to cater to the future of blockchain gaming. By embracing a multi-token economy, Oasys takes a giant leap toward delivering a versatile, adaptable, and expansive platform for the gaming world.

Main Features of OASYS: Hub and Verse Layers, NFT Bridge and OASYX

Oasys Blockchain: Hub and Verse Layers

Oasys has developed a unique blockchain architecture that comprises two layers: the Hub and Verse layers. This layered design, combined with many exciting features, makes the Oasys blockchain robust and adaptable, allowing it to provide solutions for various use cases. Here’s a detailed breakdown of both the Hub and Verse layers.

Hub-Layer

Overview

The Hub-Layer is the foundation of the Oasys architecture. This EVM-compatible Layer 1 public blockchain is designed for security, stability, and efficient data storage. It utilizes a Proof of Stake (PoS) consensus algorithm and allows users to become node operators. It is crucial in batch transaction roll-ups, FT/NFT management, and bridge information management.

Mining and Validator

The Hub-Layer uses a minimum gas cost system for transaction execution to prevent meaningless transactions and provide network stability. Based on the quantity of staked OAS tokens, a PoS algorithm chooses validators to perform block generation. The layer has an epoch mechanism, setting a period every 5760 blocks, to determine staking rewards and manage validators.

Validators must have at least 10 million OAS staked through a special contract. Token holders can stake towards any validator or validator candidate’s address and are free to unstake at any time.

Smart Contract and Token Design

The deployment of new smart contracts to the Hub-Layer is strictly controlled, and only smart contracts accepted by Oasys are deployed. The layer supports three types of tokens: vFT/vNFT (restrictive-use tokens), oFT/oNFT (highly interoperable tokens), and exFT/exNFT (tokens minted on external networks).

High Network Stability, Scalability, and Data Availability

The Hub layer is designed to provide high network stability, scalability, and data availability, with blocks generated every 15 seconds. It supports high data availability by reflecting Verse layer’s transaction data on the Hub layer for verification. Moreover, the Hub layer’s eco-friendly design consumes significantly less energy than other blockchains.

Verse-Layer

Overview

The Verse-Layer is Oasys’ Layer 2 blockchain designed to enhance the user experience (UX) and DApp execution. It uses Optimism’s node implementation and operates as a permissioned Layer 2. The Verse-Layer’s architecture allows anyone to build a verse by depositing more than 1 million OAS on the verse contract.

Fraud Proof on Permissioned Layer 2

Optimistic rollups usually have a 7-day challenge period, but Oasys shortens this time because fraud on a permissioned Layer 2 could hurt its reputation. Since the transaction data on Layer 2 is also on Layer 1, the Verse-Layer can check data in real time. So The Verse-Layer uses fast Optimistic Rollups, which process transactions right away and gets rid of the usual 7-day challenge period. Also, its Private Layer 2 chain guarantees game asset data even if Layer 2 goes down, which means the data can be fully restored.

Verse Builder and Free Gas for Users

A Verse Builder handles node operations and determines what smart contracts can be deployed and what transactions can be executed without using gas. Verse Builders cover the gas fees, ensuring a smooth and cost-effective user experience.

Scam Resistance and Flexible Token Design

The Verse-Layer is designed to resist scams and foster the development of quality DApps. Its three types of tokens (restrictive-use tokens, highly interoperable tokens, and external network tokens) add flexibility to the Oasys ecosystem. The Verse layer also supports cross-chain bridging for fungible and non-fungible tokens, further enhancing the platform’s versatility.

This versatile and robust architecture makes Oasys a leader in blockchain technology, poised to shape the future of the blockchain landscape.

NFT Bridge

The Non-Fungible Tokens (NFTs) ownership information is transferred between the Oasys Hub-Layer (Layer 1) and other networks such as Ethereum, Astar Network, and more through a PoS bridge. Though NFTs can have various functionalities, only the ownership information defined by ERC-721 can be bridged. NFTs undergo the bridging process through bridge contracts deployed on each network.

Handling of NFTs

NFT handling involves minting the NFT first on the Genuine Chain and primarily using it on the Main Chain. The ownership information defined on ERC-721 remains on the Genuine Chain, while the other information resides on the Main Chain. Under these circumstances, only the ownership information of the ERC-721 is subject to the NFT Bridge. The bridge destination status is considered Cache until the ownership information reflects on the Genuine Chain.

Bridge Contract

Genuine Chain to Other Chain: In the initial phase, the consensus bridge managed by Council Members is employed, with plans to use a PoS bridge in the future. In the PoS bridge process, an NFT is locked by transferring it to the Bridge Contract with multiple signature approvals on PoS. Consequently, the NFT is minted on the Other Chain, the bridge destination.

Other Chain to Genuine Chain: Initially, a consensus bridge managed by Council Members is used, with the future plan to use a PoS bridge. In the PoS bridge process, an NFT is burned on the Bridge Contract with multiple signature approvals on PoS. As a result, the NFT is transferred to the Genuine Chain, which is the bridge destination.

Other Chain to Other Chain: Initially, a consensus bridge managed by Council Members is employed, with plans to utilize a PoS bridge in the future. In the PoS bridge process, an NFT is burned on the Bridge Contract with multiple signature approvals on PoS. Consequently, the NFT is transferred to the Other Chain, the bridge destination.

The NFT Bridge facilitates a secure and efficient transfer of NFT ownership across different chains, increasing the versatility and functionality of NFTs within the Oasys network.

OASYX: An Innovative Gaming Blockchain NFT Project

OASYX represents an innovative Non-Fungible Token (NFT) project making waves within the gaming community. Designed specifically for gamers, OASYX is a brand born out of the Oasys gaming blockchain, symbolizing a unique integration of gaming and blockchain technology.

OASYX is the inaugural NFT project of the gaming blockchain Oasys. It features 10,000 originally designed characters overseen by the former SEGA producer, Yu Suzuki. Drawing its aesthetic inspiration from “Cyberpunk” and “Japan,” OASYX portrays a unique universe that promises an immersive experience for gamers.

Series1

The first series in the OASYX project serves as its genesis, introducing gamers to an all-new universe under the careful supervision of Yu Suzuki.

Series1-VF

The first series also includes Series1-VF, a limited edition collection of 1,000 out of the 10,000 OASYX, created in partnership with the iconic 3D fighting game series, Virtua Fighter. The legendary Virtua Fighter fighters serve as the inspiration for the characters in this series, which successfully combines the game’s rich history and memorable characters with OASYX’s distinctive cyberpunk aesthetic. This unique tribute to the Virtua Fighter community aims to ignite excitement among both new and longtime fans of the series.

Is OAS a Good Investment?

Determining whether OAS is a suitable investment for you depends on your individual situation and tolerance for risk. Cryptocurrencies are known for being high-risk assets, and it is recommended that you conduct your own research and assess the amount of risk you are comfortable with before investing. It is essential to only invest money that you can afford to lose.

How can you own OAS?

Going through a centralized cryptocurrency exchange is one approach to acquiring OAS. The first step is to create a Gate.io account and complete the KYC process. Once you have deposited money into your account, follow the instructions to purchase OAS on the spot or futures market.

News on OASYS

Oasys in Talks with MIXI Corporation for Extended Partnership

Singapore, 27 June 2023 - The gaming-optimized blockchain, Oasys, has announced ongoing discussions with MIXI Corporation for an extended partnership, beyond MIXI’s current role as a validator on the Oasys Chain. Both companies examine possibilities to co-operate on content production and other Web3-related ventures to enhance blockchain gaming growth.

Oasys and Digital Entertainment Asset (DEA) Collaborate on ‘DEP Verse’

In a bid to further expand its ecosystem, Oasys has partnered with Digital Entertainment Asset (DEA) to build ‘DEP Verse’.

Oasys Announces Partnership with Rakuten Wallet Inc.

Singapore, 26 June 2023 - Oasys announced a new partnership with Rakuten Wallet Inc., a leading Japanese crypto exchange company. This partnership, which includes Rakuten Wallet joining Oasys’ dynamic network of validators, is set to revolutionize Web3 within the gaming industry.

Oasys Welcomes Frontier Development Strategy Inc.

Oasys has welcomed Frontier Development Strategy Inc., a subsidiary of NTT DOCOMO, as a validator to enhance the Oasys Chain.

Oasys Announces Major Blockchain Gaming Updates

Singapore, 28 June 2023 - At the inaugural Oasys Special Event, Oasys announced a series of major updates to its blockchain gaming ecosystem. The event featured presentations from leading gaming and internet companies, including Ubisoft and Com2uS.

Ubisoft and Com2uS to Launch Web3 Games on Oasys

In a monumental announcement, Ubisoft and Com2uS have unveiled plans to launch Web3 Games on the Oasys platform. The move is expected to usher in a new era for the gaming industry.

Further Partnerships and Updates

Oasys’ Special Event also updated previously announced titles and partnerships such as double jump.tokyo, MIXI’s partnership with Oasys, DMM.com / DM2C Studio’s release of the first game on the DMM exclusive Verse “DM2 Verse”, BLOCKSMITH&Co.’s “QAQA”, and Enish Co., Ltd.’s decision to build their own Verse.

Future Developments

Oasys revealed the upcoming NFT project with Bandai Namco Research Institute based on the concept of “AI lifeform X NFT”, as well as the development of a wallet specialized for the Oasys blockchain.

With a strong set of partnerships with leading players in the gaming industry and a comprehensive pipeline of ecosystem updates, titles, and Verses, Oasys is well-positioned to become the premier blockchain platform for gaming. Participating companies/projects include BLOCKSMITH&Co., Coinmusume, Com2uS, Digital Entertainment Asset Pte. Ltd., DMM.com LLC, double jump.tokyo Inc., Enish Inc., Mixi, Inc., OASYX, and Ubisoft.

Take action on OAS

Check out OAS price today and start trading your favorite currency pairs:

• OAS/USDT