SoftBank Corp. Participates in Blockchain Project Oasys for Social Implementation of Web3

SINGAPORE / TOKYO, JAPAN - Media OutReach - 16 February 2023 - Oasys Pte. Ltd. ("Oasys") today announced that SoftBank Corp. ("SoftBank"), a Japan-based telecommunications operator, has joined as an official validator of Oasys, a gaming-optimised blockchain designed for gamers and developers alike, with a focus on the future of blockchain gaming.

SoftBank's recognition of Oasys' superior mechanism that serves both users and IP (intellectual property) holders, along with its advanced technological capabilities, has led to their decision to participate in the Oasys blockchain. This partnership extends beyond Softbank's role as validators, as the two companies explore potential collaboration, including the development of blockchain-based services, in the future.

Bandai Namco Research, SEGA, Square Enix, Netmarble, and 17 other companies are among the 21 initial validators for Oasys. Starting with SoftBank, Oasys will invite other companies with a high level of trust and performance on a global scale to participate as validators, further stabilising and strengthening the Oasys network.

In the next batch of validators, four more companies will be joining the network, bringing the total to 25. In the medium-term, Oasys plans to further decentralise the network by enabling public participation through a council and removing the limit on the number of validator slots as long as the necessary requirements are being met.

Keiichi Makizono, Senior Vice President & CIO of SoftBank, said "We are very excited about the Oasys blockchain's flexible, user-centric architecture, which meets the needs of both users and IP content owners, and look forward to working with Oasys to promote Web3's social implementation and resolve social issues."

Daiki Moriyama, Director of Oasys, said "We are honoured that SoftBank shares our vision for Oasys and has chosen us as a business partner for Web3. With SoftBank coming onboard as a validator, Oasys will not only expand the stability and ecosystem of the Oasys chain, but also aim to strengthen business collaboration with Oasys. We look forward to working with SoftBank to develop the blockchain gaming industry by fostering relationships and synergies with its group companies and partners."

In just over a year since its formation, Oasys has fully launched its mainnet blockchain protocol, with over a dozen playable games available on its blockchain. On 31 January 2023, the company announced plans to list on the leading Japanese crypto exchange, bitbank.

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