Oasys Games has announced a strategic partnership with Huobi, a prominent cryptocurrency exchange. A Twitter post indicates that the cryptocurrency exchange will utilize Oasys-optimized blockchain to ensure swift transactions and zero gas fees.
Houbi aims to develop a user-friendly global gaming ecosystem. In addition, the recent development is one of many attempts by Oasys to gain prominence in the gaming industry. It is worth noting that this recent collaboration follows the recent launch of the mainnet activation phase. In the Oasys blockchain, validators in the network communicated with nodes and tested its main functions.
Moreover, Oasys’ mainnet chain contains a validator set of 21 firms, including Sega, Ubisoft, Square Enix, and Bandai Namco. During the past month, Oasys completed the second launch of its mainnet. Now, Houbi will expand its gaming reach using Oasys.
Growth of the GameFi Sector
In October, the GameFi sector was valued at $8 billion, with enormous expectations that it would grow significantly to reach a valuation of $50 billion. As a result, Oasys is looking to take advantage of these opportunities. Despite the bear market, the GameFi sector has outperformed its close counterparts DeFi and NFTs. The GameFi sector, according to recent market data, accounts for 60% of Web 3.0 on-chain activity. A sector Oasys wants to dominate.
Notable Side Notes about Oasys
Consequently, Oasys has collaborated with numerous companies to expand its reach. Recently, the company raised $20 million in a private token sale. It is listed on top Centralized Cryptocurrency Exchanges like OKX, Kucoin, Bybit, Gate.io, and Huobi from November 30 to December 4, 2022.
