Oasys Raised $20 Million
Oasys raised $20 million in a seed funding round. It was led by Republic Capital, a blockchain financing and investment platform, with participation by other renowned investors.
With the participation of notable investors such as Jump Crypto, Crypto.com Huobi, Kucoin, Gate.io, Bitbank, and Mirana Ventures, the seed funding becomes successful.
Moreover, Oasys Architecture is built for game developers. It also offers a high-speed, zero gas fee experience to users. Additionally, by combining the best of public L1 and private L2 blockchain technology solutions.
Furthermore, the Hub-Layer is an EVM-compatible public blockchain of Layer 1 in Oasys. The node implementation is based on a forked version of geth (Go Ethereum) with minimal modifications and adopts PoS (Proof of Stake) as the consensus algorithm. Additionally, the public nature of blockchain operation is ensured by allowing users to become node operators (validators).
In order to provide a stable environment for blockchain use, application execution is left to the Verse-Layer, and the Hub-Layer is restricted to limited uses for recording rollup information, managing FT/NFT, and managing bridge information. Smart contracts cannot be deployed directly on Hub-Layer.
Hub-Layer stores the data gathered on Oasys securely and in a stable manner, not to run applications directly. To ensure stable propagation of information to globally distributed nodes, blocks are generated every 15 seconds to avoid excessively short block generation times.
Also, to avoid meaningless transaction execution, they will avoid excessively low gas costs and set an appropriate minimum gas cost. The goal is to achieve a minimum gas cost of approximately 1 cent per transfer, depending on the prevailing market price.
Oasys is building a global game alliance involving traditional gaming companies, web3 companies, crypto-native gaming ecosystem builders, etc. We will continue working to build a stronger blockchain gaming ecosystem to bring mass adoption to reality going forward.
ABOUT OASYS GAMING
Oasys is revolutionizing the gaming industry with its Proof-of-Stake (PoS) based eco-friendly blockchain. With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games. Oasys solves the problems game developers face when building games on the blockchain.
