SBI VC Trade and Oasys Partner
On the 24th, SBI VC Trade Co., Ltd. announced a business alliance with Oasys Pte. Ltd, a development company in Singapore that leads the Oasys project.
SBI VC Trade has indicated a policy of working towards the spread of Oasys-issued tokens “Oasis (OAS)” and “Oasys Network” in Japan.
Oasys is a blockchain built for gaming IP (intellectual property) holders and gamers based on the concept of “Blockchain for The Games”. By adopting the consensus building algorithm PoS (Proof of Stake), we will eliminate the transaction fee (Gas fee) for game players, which has been a major issue so far, and speed up the transaction process.
Japan’s largest game company and Web3-related companies are participating in the Oasys project, and 21 partner companies include Square Enix, Sega, Bandai Namco Labs, GREE, bitFlyer and Astar. In February, Softbank participated as a validator for the Oasys network.
connection:Softbank joins Oasys with the aim of social implementation of Web3
Efforts to popularize Oasys
In relation to the partnership with Oasys, SBI VC Trade plans to support the Oasys network with its own “SBI Web3 Wallet”. As a result, users’ crypto assets (virtual currency) and Japanese yen can be automatically exchanged, which is expected to improve usability when purchasing in-game items NFT and expand the user base.
Tomohiko Kondo, Managing Director of SBI VC Trade Co., Ltd. said:
Through this business alliance with Oasys, we are confident that the use of “SBI Web3 Wallet”, the only custodial wallet in Japan that allows on-chain NFT transactions, will contribute to the mass adoption of blockchain games that Oasys is aiming for. We are here. In cooperation with the participating companies of the Oasys network, we will contribute to the development of GameFi and Web3 through the expansion of users of blockchain games.
In addition, we are working to handle OAS tokens on the virtual currency exchange SBI VC Trade, which is premised on the approval of the Japan Crypto Asset Exchange Association, and responding to the NFT marketplace “SBINFT Market”, as an international market maker. It is a policy to cooperate with SBI Group companies, such as providing liquidity in B2C2.
Daiki Moriyama, director of Oasys, said:
We are very pleased to announce the first step of our partnership with the SBI Group, which has been developing advanced businesses one after another, including Web3-related businesses. The existence of a strong ecosystem partner is essential for the mass adoption of blockchain games, and we look forward to considering multiple collaborations with the SBI Group, starting with this partnership.
Oasys, which officially launched the project in December 2022, aims to transition to a fully DAO (Decentralized Autonomous Organization) by 2028. In the future, holders of the original token OAS will be able to participate in various decision-making regarding the project, and the Oasys network will be decentralized.
connection:Oasys launches governance structure for full DAO by 2028