Oasys (OAS): A Multi-Layered Structure for Blockchain Gaming

Decentralized finance, or DeFi, has had a dramatic and beneficial impact on blockchain developments since 2020, and this was followed by a rise in the popularity of non-fungible tokens in 2021. While many blockchain games have been developed over the last few years that utilize DeFi DApps and NFTs, the gaming experience was not optimized fully. Issues related to high gas fees, sustainability and operating speeds have been problematic in many cases. Recently, a new blockchain was launched specifically to improve the development of games and the gaming experience for players.

What Is Oasys?

Oasys is a public blockchain that has an EVM-compatible protocol and is focused on adding value to game players. It is currently privately operated, but the goal is to shift to a DAO-like structure similar to that of Solana Labs and others.

It utilizes its own Oasys Architecture, which includes the Hub Layer and the Verse Layer. The Hub layer, also called Layer 1 or the Consensus layer, will generally be used less frequently than the Verse layer. The Verse layer, also known as Layer 2 or the Execution layer, can be accessed by each game developer. This eliminates gas fees. 

Oasys also takes advantage of the proof of stake (PoS) algorithm, which reduces energy consumption and allows for a more environmentally-friendly experience. The Oasys Architecture specifically sets the stage for game development with a Web 2.0-like platform that is flexible and functional.

History of Oasys

Oasys was initially developed in Japan with a 2022 launch date. However, its operations are based in Singapore, which has friendlier regulations and taxation rules. Initially, Oasys raised $20 million and released 10 billion tokens. These tokens are used within the games for buying various items. They also offset transaction fees and give token holders governance power. 

The raised funds have been used for developments related to operational speeds and fees. Further, they also have been used to increase the blockchain’s workforce with expansions to other countries and to run marketing campaigns. Expansions have included adding staff to offices in the U.S. and Canada. Currently, Oasys has a talented team of 20 executives, developers and others. This fundraising was supported by various investment platforms, including Republic Capital. The operation is currently managed by Director Daiki Moriyama and Representative Director Ryo Matsubara.

What Does Oasys Aim to Achieve?

When Oasys was developed in early 2022, its primary goal was to improve the blockchain gaming experience for all parties. Its focus includes supporting the development of play-to-earn blockchain games as well as the playing experience. In Feb 2022, Oasys had already partnered with 21 web3 technology and gaming companies. Some of these include Yield Guild Games (YGG), Ubisoft and Bandai Namco Research. Through these and other partnerships, this PoS blockchain is transforming the gaming industry. In addition to supporting fast transactions and no gas fees for blockchain games, Oasys is a scalable network that offers improved functionality and a more eco-friendly platform.

How Does Oasys Work?

The unique Oasys Architecture features a multi-layered layout that is compatible with Ethereum Virtual Machine, or EVM. Oasys has two layers, a Hub layer and a Verse layer. The Hub layer is described as the “EVM sidechain for gaming.” It also maintains records for the FT/NFT Bridge and the Rollup. The Verse layer is designed so that game developers can connect to it individually. Notably, the Hub layer is designed specifically to maintain its excellent performance even with heavy use of the Verse layer. This unique structure gives the blockchain its specialized benefits such as its eco-friendliness, speed of operation and the elimination of gas fees.

Features of Oasys

Oasys has been specially designed from the ground up to create an improved gaming experience. Its unique advantages compared to other blockchains are rooted in its multi-layer design. Specifically, its Hub layer and Verse layer combine to eliminate common challenges related to game development and play.

Hub Layer

Hub layer, the Layer 1 of the Oasys blockchain, is EVM-compatible and serves the essential purposes of securely exchanging and storing data with a high degree of stability. Its benefits include enhancing stability, scalability and the improved availability of data. This data is made available on the Verse layer, and it is recorded on the Rollup and FT/NFT Bridge.

High Network Stability

One of the standout features of the Hub layer in the Oasys Architecture is its network stability. Similar to Ethereum, Oasys has a block time of 15 seconds which facilitates data transfer to nodes distributed around the globe. The Verse layer can accommodate thousands of connected platforms, and the Hub layer provides the resilience that Oasys needs to handle such a high volume of activity. 

High Scalability

The Oasys Architecture for the Hub layer also delivers a higher level of scalability than other blockchains. The Verse layer handles the blockchain’s heavy traffic. The transactions on the Verse layer are posted via Rollups, which serves to minimize the impact on the Hub layer.

High Data Availability

While the Hub layer is engineered to enhance stability and scalability, its other primary purpose is to support data availability. This includes transferring and storing data on the blockchain. Specifically, the Verse layer’s transaction data reflects on the Hub layer for the purpose of verification. 

Eco-Friendly

Blockchains have an unfavorable reputation for consuming a huge amount of energy to operate. Compared to other blockchains that are used for gaming, Oasys uses far less energy to function and is more environmentally friendly. Notably, this also allows for minimal gas fees.

Verse Layer

The second layer of the Oasys Architecture is the Verse layer. This is a flexible layer of the blockchain that supports configurable Verses. These Verses serve two primary functions – deliver a web3 UX and perform DApp execution. Through its specialized design, the Verse layer has advanced features that enhance the functionality of the blockchain. Moreover, because each game can run its own metaverse, gas fees are minimized.

High-Speed Optimistic Rollups

Rollups use two mechanics – the Verifiers and the Builders. The Verse Builders are responsible for building and managing the many Verses connected to the blockchain. Each of them are customized Verses that may have different levels of permissions on DApps. The Oasys Optimistic Rollups support optimized speed through instant transaction processing. Unlike other rollups, Oasys Optimistic does not have a seven-day challenge period.

Private Layer 2

While other blockchains use a permissioned private sidechain, Oasys has a Private Layer 2 chain. This layer technically guarantees the data of game assets even if Layer 2 is down, hence allowing for full restoration of the data. With this Private Layer 2, you will have a better user experience compared to Web 2.0 games as it bolsters transaction speed and other aspects of the gaming experience.

Support for ZK-Rollups

Currently, Oasys only supports Oasys Optimistic Rollups. However, its developers recognize the benefits of adding other Layer 2 solutions to the architecture. The introduction of ZK-Rollups is planned for 2024. To accommodate the development of other Ethereum scaling solutions, Oasys will continue to adapt to the latest technologies as they are introduced.

Scam Resistance

The roles of a Verse Builder are to manage nodes, configure gasless transactions and determine the deployment of smart contracts. The authority of a Verse Builder supports the development of quality DApps. At the same time, a Verse Builder minimizes the prevalence of scam projects. In addition, a Builder incentivizes special Verifiers to eliminate the risk of fraud.

Highly Flexible Token Design

Because of the unique structure of Oasys Architecture, both fungible and non-fungible tokens are supported. Specifically, there are three types of tokens, including restrictive-use tokens, highly-interoperable tokens and external network tokens. The restrictive FTs and NFTs are unable to be cross-chain bridged. The highly-interoperable tokens can only be cross-chain bridged on another network. External network tokens are minted on other blockchains, such as Ethereum, and they can be cross-chain bridged via Oasys.

Cross-Chain Bridge for FT/NFT

The multi-layer design of this blockchain supports three token designs for fungible and non-fungible tokens. The vFT/vNFT chain is minted on and used with the Verse layer, and it is unable to be cross-chained bridged. The oFT/oNFT pair is minted through the Hub layer, but it is operated on and available through the Verse layer. 

Through a cross-chain bridge, this pair can be transferred to another blockchain. The exFT/exNFT pair is minted on another blockchain, and it is accessible on both Oasys layers through cross-chain bridging. This functionality enables games to use tokens for various purposes within a game.

Governance

The Oasys community governs decision-making through the use of three bodies. This on-chain governance system maintains decentralization while also establishing legitimacy. The first of the three governance bodies is the token holders. OAS token holders have the power to submit proposals and vote. The second body is the Council. The Council has both delegated and elected members. This group proposes and approves council initiatives. The third governance body is the Technical Committee. The members of this committee are developers who also fix bugs based on technical proposals. Only those who have staked OAS tokens are permitted to submit and approve proposals.

Oasys Road Map

Since its launch, Oasys has collaborated with numerous blockchain gaming developers and has started supporting many popular games. Some of its partnerships include gaming conglomerates like Square Enix, Ubisoft, Netmarble, Bandai Namco and SEGA, and this list is growing. Notably, Quantstamp has already gone over the blockchain’s code. This security firm has previously audited Cardano, Ethereum and other major blockchains. 

One of the earliest games on Oasys is My Crypto Heroes, which maintained the top ranking for 18 months. In December 2022, another 10 game titles will be released on the Oasys blockchain. To date, more than three dozen additional projects are interested in using the blockchain.

The Oasys launch was completed in three steps. These include ensuring that the Hub layer can operate with full stability, integrating the Verse layer and officially launching for public use. More recently, Oasys made headlines through its partnership with Square Enix, the publisher of the best-selling video game series Final Fantasy, who has also joined as a leading validator. 

A second round of funding was completed in December 2022. This funding was supported by Nexon and Galaxy Interactive. Several other companies participated as well, including Chainguardians, Jets Capital, Hyperithm, Presto Labs, Jsquare, YJM Games and MX Web3 Fund. The funding will be used to bolster the Oasys ecosystem through a pool expansion.

Looking forward, Oasys plans to continue improving the gaming experience and influencing the future of this niche. This will be accomplished through planned proposals introduced by the blockchain’s governance organization. Such improvements include the development of ZK-Rollups and other initiatives.

OAS Tokenomics

Single-token economies determine the number of tokens and their allocation upfront, which complicates the challenge of adding new DApps and Verses to the ecosystem. In addition, the utility tokens must be complex enough to handle all current and future activities on DApps and games. A key aspect of the superiority of Oasys is its multi-token economy.

The three tokens are OAS, Verse tokens and Game and DApp tokens. OAS tokens are used specifically to support the ecosystem’s infrastructure. The Verse tokens support the establishment of internal economies for the many Verses. The Game and DApps tokens are created and used by developers so that the games’ tokenomics can be optimized.

At launch, the OAS token supply was 10 billion tokens. Of these tokens, 38% are allocated to the community and ecosystem. Another 21% is used for staking rewards. The development fund receives an allocation of 15%, early backers account for 14%, and 12% is for the foundation.

OAS Price Prediction

While many tokens are heavily traded with extreme volatility and relatively uncertain price predictions, this is not the case for OAS. OAS is primarily used to support the Oasys ecosystem, so it may not be subject to the same level of speculation that is associated with other tokens. 

However, there are still financial incentives for buying and holding OAS tokens, such as a projected increase in token price over the next several years. It is important to note that the Oasys blockchain is heavily used today, and more games are scheduled to be released on it in the near future. The blockchain is also continuously evolving to provide a progressively superior gaming experience. All these factors put together may drive the increased value of OAS.

In 2023, according to PricePrediction, OAS price is predicted to be between $0.086 and $0.10. In 2025, this range grows from $0.18 to $0.22. By 2030, the OAS price may range between $1.18 and $1.38. Based on analytical signals, the sentiment for OAS is decidedly bullish.

Where to Buy OAS

Several crypto exchanges support OAS, including Bybit. On Bybit, you can purchase OAS directly with fiat currency. To get started, sign up for a Bybit account and complete the registration process. Thereafter, you can navigate to the Bybit Spot Trading platform to trade OAS/USDT. 

Is OAS a Good Investment?

While Oasys is a relatively new blockchain, it stands apart through its utility for the gaming industry and its multi-layer design. Its superiority reigns in areas like stability, scalability and data availability. It also uses less energy than its counterparts, making it a more eco-friendly option for gaming developers to use. Plus, its design minimizes gas fees. 

While it already stands out from the crowd in these areas, Oasys developers and its governance community continue to look for and develop opportunities for improvement.

The OAS token has a very low price that allows investors to purchase thousands of tokens at a low price. Because of this, the entry cost for investment is minimal, creating a low risk of financial loss. The OAS token price is expected to increase over the next few years, but this will be at a relatively slow rate. Nonetheless, this token’s price may be far less volatile than other tokens. Because of these factors, OAS may be a good long-term investment opportunity. Of course, it is still important for users to DYOR before investing.

Closing Thoughts

Oasys is an innovative blockchain that has been specifically designed to take the gaming experience to a new level for both developers and gamers. Its multi-layer architecture does everything from producing a higher speed to keeping gas fees low and more. Oasys already supports many games and DApps and has numerous partnerships with gaming giants. With more growth and development expected, Oasys is a blockchain to watch.