Popular Japanese video game publisher Square Enix will partner with blockchain gaming startup Oasys to explore the blockchain gaming experience for its users. Square Enix is known for releasing titles such as Final Fantasy, Tomb Raider, Hitman, etc.
We are happy to announce that @Square Enix joins Oasys as a finalist of the initial 21 node validators
As part of this initiative, Square Enix and Oasys will explore the development of new Blockchain gameshttps://t.co/a2PGxf5uDz pic.twitter.com/QZ1rfRvSMC
— OasysBlockchain for games (@oasys_games) September 12, 2022
Earlier, the global gaming giant announced plans to launch an overseas company that will look into issuing, managing and investing in its tokens. Shortly after, the company launched its blockchain entertainment business unit in April 2022.
“We are thrilled to join the Oasys team and other members of the gaming community on this project. Our shared enthusiasm for Web3 games makes this an exciting partnership for and we look forward to insights that can advance creating all-new gaming experiences for gamers around the world,”
– Yosuke Saito, Director, Square Enix Blockchain Entertainment Division
The booming blockchain game
Blockchain gaming is one of the growing sub-sectors of the Web3 ecosystem. According to a report by DappRadar, an analytics firm, Web3 games and Metaverse projects have raised over $700 million since August 1, 2022. Blockchain gaming has empowered gamers to support themselves and contribute to the growth of the game economy. The play-to-earn model, in particular, has received great popularity. Take, for example, the popularity of Axie Infinity in the Philippines, which has made it possible for many people to be part of a growing gaming economy.
Square Enix partners with Oasys
Oasys is a gaming-optimized, eco-friendly proof-of-stake (PoS) blockchain built for gamers by gamers, according to a blog post by Oasys announcing their collaboration with Square Enix.
“Square Enix has announced that a major strategic theme for the company going forward will be to explore decentralized game development, with token economies built on the blockchain,” the blog post reads.
The collaboration will also align with Square Enix’s vision to explore decentralized gaming. They even launched their own Blockchain Entertainment Business division in April.
“Partnering with a respected and ambitious gaming company such as Square Enix helps us accelerate our collective mission to bring blockchain gaming to the masses,”
– Daiki Moriyama, director at Oasys
According to the blog, Square Enix is the latest major game publisher to partner with Oasys, which was already backed by other early validators like Bandai Namco Research, SEGA, Ubisoft, Yield Guild Games, and more.
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