Gaming-focused blockchain Oasys announced on September 12, 2022, a new partnership with video game company Square Enix. The Japanese conglomerate joined the project as one of the 21 initial node validators on the platform.
“We are happy to announce that @SquareEnix joins Oasys as the final of 21 initial node validators. As part of this initiative, Square Enix and Oasys will explore development of New Blockchain Games,” the Oasys team tweeted.
Square Enix is the latest prominent gaming entity to join the gaming blockchain.
Prior to the corporation’s entry to the ecosystem, Oasys already had institutional support from big brands such as Bandai Namco Research, SEGA, and Ubisoft. Other initial validators on the network include Astar, Con2us, Netmarble, Wemade, and Yield Guild Games, to name a few.
Launched on February 7, 2022, Oasys is a blockchain built “specifically for the gaming community.” The platform combines EVM-compatible Layer 1 (Hub-Layer) and Layer 2 (Verse-Layer) technology solutions, to offer high-speed transactions with zero gas fees for NFT gaming.
Oasys founding team members include Yield Guild Games co-founder Gabby Dizon, Bandai Namco Research CEO Hajime Nakatani, and Gumi founder/Thirdverse CEO Hironao Kunimitsu. They are also joined by double jump.tokyo CEO Hironobu Ueno and PlayStation founding member/SEGA Corporation co-COO Shuji Utsumi.
“The Oasys ecosystem launch will revolutionize the way gamers connect, create and play within the Metaverse,” Gabby Dizon stated. “We acknowledge the challenges faced by blockchain games built on Ethereum. Oasys’ eco-friendly blockchain will allow the gaming community to have seamless transactions within the ecosystem.”
On July 6, 2022, Oasys completed a private token sale round of $20 million. The team announced that it will utilize the funding to continue building “the stronger blockchain gaming ecosystem” and “bring mass adoption to reality going forward.”
Investment firm Republic Capital led the token sale round, along with Crypto.com, Huobi Ventures, Kucoin Ventures, Gate Ventures, among others.
About Square Enix
Square Enix is an entertainment conglomerate and video game company that was formed after Square and Enix merged in 2003.
Enix is a game publishing company that architect-turned-entrepreneur Yasuhiro Fukushima founded in 1975. Square is a computer game software division that investor/businessman Masafumi Miyamoto started in 1983.
Square Enix’s prominence is mainly attributed to its successful Role-Playing Game (RPG) franchises. The company’s portfolio boasts titles such as Final Fantasy and Dragon Quest. Also joining the gaming giant’s list of fantasy-driven series are Kingdom Hearts, SaGa, Mana, and Chrono.
As of April 2022, Final Fantasy has amassed a total worldwide sales of over 168 million units since 1987. Meanwhile Dragon Quest, which came out in 1986, has sold 84 million units.
Kingdom Hearts, a series developed in partnership with The Walt Disney Company starting in 2002, has sold 35 million units (as of October 2021). Furthermore, SaGa, Mana, and Chrono have sold a combined total of 21 million copies, since their respective releases.
Currently the honorary chairman of Square Enix, Fukushima sits on the 29th spot of Forbes’ list of 50 richest people in Japan. The Enix founder’s $1.55 billion net worth shows the power of video games in the Asian nation, as well as the global market. As for Web3 gaming believers, Square Enix’s arrival is yet another source of hope for the nascent industry.