Oasys launches governance structure for full DAO by 2028

Oasys Launches Governance

Oasys, a domestic game-specific blockchain, announced on the 19th that it has launched governance as a decentralized decision-making process.

In addition to decentralizing the project, we will discuss the development of the blockchain game industry, such as standards for interoperability of NFTs (non-fungible tokens) specialized for games and the metaverse.

Oasys, which officially launched the project in December 2022, aims to transition to a fully DAO (Decentralized Autonomous Organization) by 2028.

Launching governance is the first step in the decentralization process. The policy is to gradually improve the system for future public operation. 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.

Source: Oasys

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 token holders to participate is scheduled to be implemented within the year.

In 2024, we will appoint official council members of the Genesis Council, allowing general token holders to make suggestions in governance.

Relation:Oasys announces OAS listing and first NFT project “OASYX”

Contribution to industry development

Oasys is a project specializing in blockchain games based in Singapore. The 21 companies that make up the initial validator (chain operator) include the largest 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 stresses that the start of governance will allow for better decision-making in achieving what it wants to be as a gaming-focused chain. He added that he would like to develop the industry while building standards for the blockchain game industry with 21 validator companies.

The public sale using Oasys’ native token OAS started on November 30, 2022, and achieved a commitment exceeding the target amount in just half a day. In December, it was listed on overseas crypto asset (virtual currency) exchanges such as OKX, Kucoin, and Bybit.

Around the same time, plans were announced for an NFT project for gamers, OASYX, for which Oasys will officially provide IP. In addition to featuring legendary game creators in each series as supervising worldviews, we are also planning collaborations with various NFT projects in Japan and overseas.

On December 6, Galaxy Interactive, South Korean game giant Nexon, and ZOZO founder Yusaku Maezawa’s MZ Web3 fund announced the completion of funding in the Strategic Round.

On January 11th, Oasys announced that it had formed the first fund “Oasys Ecosystem Fund” specializing in the blockchain game field with partner companies in a strategic investment round.

Relation:Oasys Forms “Oasys Ecosystem Fund,” a Fund Specializing in the Blockchain Game Area

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