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Oasys Gaming Network Adds Japan’s SoftBank as its Validators

Oasys gaming network announced the addition of Softbank to the list of official validators. Adding the Japanese conglomerate alongside three others increases the Oasys network validators to 25. 

Explaining the move, Oasys indicated that the additional validators would ease the exploration of viable collaborations within the gaming blockchain. Among the notable projects Oasys seeks to pursue is developing blockchain-based services. 

Oasys Adds Softbank as Official Validator

SoftBank lauded Oasys’ achievement as a provider of advanced technological capabilities that firms could leverage, particularly intellectual property holders and users. Its addition positions it among other lead validators, including Netmarble. Bandai Namco Research, Square Enix, and SEGA. Oasys considers network validators as entities undertaking verification of transactions within the network to guarantee its security.  

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Softbank’s inclusion as one of the Oasys validators is not surprising given its reputation and active involvement in crypto projects in 20022. For instance, Softbank led a Community Gaming funding round that raised $16 million. The project aimed at onboarding cryptos onto eSports. It undertook another initiative in September 2022 by supporting the $300 M Web3 fund backed by Deutsche Telekom. 

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Series of New Initiatives Launched by Oasys

Months after its initial anniversary, Oasys announced launching the mainnet blockchain protocol hosting over ten playable games. Oasys Network’s rise is evident in its latest achievement, led by the mid-December token sale that yielded $21 million. 

A recent update conveyed on January 31 illustrated Oasys’ plans of listing on Bitbank – a leading crypto in Japan. The move came days after Oasys began gradually shifting the Singapore-registered entity into a decentralized autonomous organization (DAO). 

The phased approach facilitates Oasys to delegate the decision-making authority to the token holders. Its achievement will stimulate transparency and democracy, enabling the gaming network to overcome centralization risks.  

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Stephen Causby

Stephen Causby is an experienced crypto journalist who writes for Tokenhell. He is passionate for coverage in crypto news, blockchain, DeFi, and NFT.

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