The price of the OAS token soared last week after South Korea's largest cryptocurrency exchange Upbit listed the coin associated with Japanese gaming blockchain Oasys. Upbit joins the ranks of other exchanges listing the native token, including Crypto.com, OKX, HTX, among others.
Founded in Japan and Singapore, Oasys is a decentralized platform backed by major players in the gaming industry, including Ubisoft and SEGA.
With its gaming-focused features, Oasys distinguishes itself in the crowded space through its architecture, which includes a primary Layer 1 blockchain and an Ethereum-compatible Layer 2 scaling solution. The platform's capabilities also allow each individual game to create its own unique version, or “Verse.”
In exclusive comments to Investing.com, Oasys shared that the top game developers building its platform are game changers. “The decision by leading game developers to build on Oasys is transformative and paves the way for mass adoption of blockchain games by incorporating popular, high-quality IP titles,” said Daiki Moriyama, Director of Oasys.
The move represents an important transition towards more scalable and user-friendly blockchain solutions in the gaming industry, he added.
By utilizing the Oasys ecosystem, these games can benefit from faster transaction speeds and lower fees, improving the overall user experience.
“Large-scale game integration increases transaction volume, which not only tests but also strengthens the capacity and stability of our ecosystem,” explains Daiki.
Oasys is also optimistic about the upcoming listing of its tokens on Upbit.
“We are confident that the listing on Upbit reflects the expansion of the Oasys ecosystem and signifies medium and long-term growth expectations for the brand, driven by the future addition of major games, rather than mere speculation,” they said.
This listing is expected to improve the liquidity of $OAS, making it more accessible to Korean investors.
OAS is the utility token of Oasys and offers staking as one of its main features. By staking their OAS tokens through Oasys Hub, users can earn rewards in the form of additional OAS tokens and other rewards from campaigns run by validators. Additionally, OAS holders can participate in the platform's decentralized governance system.
Oasys was created to address two major problems in the blockchain world: high gas fees and slow transaction speeds. Despite being a relatively new player in the market, Oasys shares its goals with infrastructure developers such as, and Polygon, all of whom strive to achieve a scalable blockchain ecosystem.
