Oasys partners with Kakao's web3 gaming division Metabora SG to enhance its Dragon Update strategy, aiming for Japanese market expansion.
Eliza Crichton-Stuart
Head of Operations
Metabora SG (Singapore), the web3 gaming arm of leading South Korean video game publisher Kakao Games, has partnered with pioneering gaming blockchain Oasys.
Oasys and Metabora SG have teamed up to create and deliver "superior blockchain games" to more users in line with Oasys’ new vision for 2024, Dragon Update, which focuses on interoperability, ecosystem, and AAA content. This collaboration will further the expansion of the Oasys ecosystem, bringing even more users to the thriving web3 gaming sector.
A series of recent partnerships with Asian gaming and tech giants like Com2uS and Kakao’s blockchain affiliate GroundX in Korea has seen Oasys become the go-to blockchain for web3 gamers in the region. Oasys is expanding its foothold in strategic gaming markets with the digital asset wallet developed by GroundX as well as increasing its game catalog, onboarding hit titles like Summoners War: Chronicles and The Walking Dead: All-Stars.
Collaborations have been instrumental in amplifying Oasys's influence and reach within the web3 gaming community. A strategic partnership with Ubisoft will see the gaming giant deploy their avant-garde PVP Tactical RPG, “Champions Tactics™ Grimoria Chronicles,” on Oasys Chain.
Metabora SG’s expansion in the Japanese market will see the platform leverage Oasys’ robust presence and extensive network in the region to achieve its objectives. Japan is one of the world’s biggest gaming markets, with a projected revenue of over $44 Billion this year. While 42.5% of the population is classed as "active gamers", that number is set to rise to 48.2% by 2028.
Renowned for its deep integration with major Japanese game companies, several of whom already serve as network validators, Oasys will provide strategic counsel to Metabora SG as it sets about making an impression on this highly competitive market. Dominic Jang, Head of Business Development and Head of Korea at Oasys, commented on the latest news, stating:
“We are delighted to partner with Metabora SG, a company that fully shares our vision of revolutionizing the gaming industry through the use of blockchain technology. As we aggressively move forward and expand our business relationships with various gaming giants based in Korea, the partnership with Metabora SG by Kakao Games marks another important milestone for further business expansion in the region. We are keen to nurture a more in-depth relationship with the Metabora SG team to maximize the synergy with Oasys, advancing the mass adoption of blockchain gaming.”
Metabora SG brings to the table expertise in creating immersive gaming experiences, which coupled with Oasys’ eco-friendly technology should attract Japanese players. The synergy is expected to drive innovation, enhance gaming experiences, and establish new industry benchmarks.
“Our collaboration with Oasys is about like minds coming together to push the Web3 gaming ecosystem forward,” stated Vincent Lim, CBO of Metabora SG. “Together, we aim to create a seamless and engaging experience for players worldwide, many of whom have yet to interact with a blockchain-powered game.”
Oasys' strategic collaborations and active participation in discussions with regulatory bodies reflect the dynamic landscape of the gaming blockchain industry and its potential impact on both domestic and global markets. As the company unfolds its Dragon Update strategy, the partnership with Metabora SG positions Oasys to play a key role in the intersection of blockchain technology and gaming experiences.
updated:
February 22nd 2024
posted:
February 22nd 2024
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