Prominent cryptocurrency exchange, Huobi has announced a strategic partnership with Oasys games. According to a Twitter post, the cryptocurrency exchange will leverage Oasys-optimized blockchain that’ll provide swift transactions and Zero Gas fees.
According to the post, more details will come in subsequently. However, Houbi is aiming to develop a user-friendly global gaming ecosystem. More so, the recent development comes as one of the numerous attempts of Oasys to push itself into the limelight in the gaming sector.
Worth noting that the recent collaboration comes off the recent launching of the first phase of the activation of its mainnet. The activation of the Oasys blockchain saw validators in the network talking to nodes and testing the main functions of the chain.
Furthermore, the mainnet chain of Oasys contain validator set that is comprised of 21 firms. These firms include Sega, Ubisoft, Square Enix and Bandai Namco. Meanwhile, Oasys completed the second launching program of its mainnet last month. Now, Houbi will leverage the Oasys blockchain to enhance its outreach into the gaming sector.
Growth of the GameFi Sector
The GameFi sector has grown overtly, offering gamers and investors a lot of opportunities. As at October, the sector is valued at $8 billion, with huge expectations to grow massively to reach a valuation of about $50 billion. Thus, Oasys is aiming to tap into the opportunities available within the sector.
It’s worth noting that despite the bear market the GameFi sector has grown impressively. Despite the bear market, the GameFi sector has outperformed close counterparts like DeFi and NFTs sector. Additionally, according to recent market data, about 60% of on-chain activity in the Web 3.0 space emanated from the GameFi sector. A sector Oasys is aiming to become a force to reckon with.
Notable Side Notes about Oasys
In that regard, the firm has partnered with numerous organizations to enhance its reach. Recently, Oasys raised $20 million in a private token sale. Prominent firms like Republic Capital, Jump Crypto, Crypto.com, Gate.io, KuCoin and Huobi.
Within November 30 to December 4, 2022 the Oasys made its native token $OAS for public sales. Now, the token is listed on top Centralized Cryptocurrency Exchange like OKX, Kucoin, Bybit, Gate.io, and Huobi.