Nexon Participates in Game-Specific Blockchain “Oasys” Validator

Nexon joins Oasys

It was revealed on the 31st that NEXON, a major game development company, will participate as a validator for Oasys, a game-specific blockchain developed in Japan.

Founded in South Korea in 1994 and now headquartered in Tokyo, Nexon distributes over 80 titles of various online games in more than 190 countries. The number of registered users for the RPG game “MapleStory” has reached 180 million.

Oasys plans to add a total of four companies as second group validators. Three companies, KDDI and Softbank, including Nexon, have announced their participation so far, and the remaining one company is expected to go public.

Oasys is a blockchain project specializing in games with the concept of “Blockchain for Games”. The consensus building algorithm adopts the PoS (Proof of Stake) method, which is also environmentally friendly.

The 21 initial validators that operate the Oasys chain consisted of major domestic game companies such as Square Enix, Sega, Bandai Namco Labs, and GREE, as well as Web3-related companies such as bitFlyer and Aster.

Oasys validators connect to the blockchain network and function as nodes that verify whether transactions on the chain are correct or not, and explore the research and development of next-generation Web3 games.

connection:Bitcoin investment trust GBTC’s “negative divergence”, the background of the rebound

Delivering Fun, Innovative Web3 Games

Sunyoung Hwang, production director of MapleStory’s blockchain version of MapleStory Universe, said that joining Oasys shared the mission of providing players with fun and innovative gaming experiences.

Daiki Moriyama, director of Oasys, said he expects that along with KDDI and Softbank, which were announced earlier this year, Nexon will provide institutional support to further its mission of bringing blockchain games to the masses.

Oasys, which officially launched the project in December 2022, launched governance as a decentralized decision-making process in January. 2023 will be a governance trial period, and network improvement proposals will be limited to the Genesis Council, which is centered on Oasys’ partner companies. Regarding voting, a function that allows general OAS token holders to participate will be implemented within the year.

Oasys’ own token, OAS, will be available on the crypto asset (virtual currency) exchange bitbank on April 3rd. bitbank will be the first to handle virtual currency exchanges in Japan.

As the key currency of Oasys, a game-specific blockchain, OAS has payment methods within the ecosystem, payment of gas costs on the side of the executor of smart contracts (automatic contract function), and staking functions.

connection:First listing in Japan, bitbank announces handling of game specialty chain Oasys (OAS)

The post Nexon Participates in Game-Specific Blockchain “Oasys” Validator appeared first on Our Bitcoin News.