Oasys native token OAS is high-ranking. Why’s that? 

Oasys is a public blockchain that specializes in games. The founder team is launching it with support from renowned game companies, aiming to revolutionize “Blockchain for The Games.” Moreover, this EVM-Compatible protocol adopts the Oasys Architecture. Its unique architecture consists of a multi-layered structure: a highly scalable Layer 1, Hub-Layer, and Verse-Layer, as well as a special Layer 2 that uses Ethereum’s Layer 2 scaling solution.

The NFT market exploded from the beginning of 2021, followed by the rapid growth of blockchain games. The word and concept of Metaverse went viral, as well, after a particularly big tech company changed its name in November.

Millions of users describe the Digital World in 3D space, Social Communities, VR, and more with the term – Metaverse. However, that possibly means each company, content creator, and the game may have a different view of the digital world. Thus, people can expect Defi developers to build different Metaverses in numerous forms. The Oasys team believes that users will be able to go into different Metaverses throughout the day in the future, just like people use social media in their everyday life. It calls this the Multiverse Era.

In this future of multiverses, users will be able to express their identity through avatars, wearables, user handles, or machines they drive. Besides, they’ll be able to use these assets across all the different Metaverses. That is actually similar to the worlds we often see in movies and animation.

However, there are currently various issues with interoperability among different Metaverses. Developers need to tackle them. First and foremost, users need to have a mechanism to guarantee the ownership of digital assets for each Metaverse. Currently, the best solution is to use blockchain and NFT technologies.

What does Oasys offers? 

The company believes that blockchain and NFT technologies will play more critical roles in the future of the multiverse. But the existing Layer 1 blockchain technologies are not sufficiently user-friendly to achieve mass adoption. High gas fees or extremely slow transactions make the user experience incapable of breaking through to the mainstream. Back in 2018, it wasn’t easy to overcome such challenges.

On the other hand, Layer 2 solutions started becoming available by 2021, meaning that transactions could be completed at similar speeds as normal servers. As of this year, developers have built most Layer 2 technology solutions based on Ethereum. While the latter can transact fast, it has a relatively high gas fee. That’s why Oasys developed Layer 1 (Consensus Layer). Its EVM public sidechain is specialized for games. On the Oasys blockchain, customers will rarely use Layer 1 directly as the logic of games will run on Layer 2 (Execution Layer).

Furthermore, game developers will be able to run their own Layer 2 for each Metaverse. It will cover all the gas fees for the customers. That will allow people to enjoy the Metaverse without worrying about gas fees.

The company also plans to use the environmentally friendly PoS algorithm, which does not require unnecessary power consumption. With Oasys Architecture, game developers will be able to build a Layer 2 Metaverse that is flexible, highly usable, and eco-friendly. Thus, users will enjoy blockchain games with great UX comparable to Web 2 platforms.

Oasys aims to become the Hub of the Multiverse

The team claims that the era of the multiverse, the NFT boom, Layer 2 technology, and many other factors have come together at the right time for its project. However, these trends alone won’t be enough to make Oasys a reality. The company needs the game developers, the gaming community, as well as fans to support it to rebuild the future of gaming.

The founder team of the Oasys project has been working on NFTs and blockchain games since 2018. It has developed many well-known titles like My Crypto Heroes. It has the experience and will to achieve success.

DeFi greatly increased awareness and expanded the market in 2020, and NFTs did the same in 2021. Thanks to the market’s growth, the Defi space now boasts many blockchain games. However, the Oasys team wants to offer solutions for implementing blockchain technology on widely played games much easier.

The company created Oasys’ native utility token – OAS, to offer its customers additional benefits. This is the highest-level token in the entire Oasys ecosystem, issued on its public chain to maximize Oasys Tokenomics. According to the team, the total supply at launch is 10 billion tokens. However, six years after the mainnet launch, OAS token holders will be able to determine the additional supply of staking rewards through decentralized governance.

How can the token holders use OAS?

 Oasys’ token has many use-cases. Customers can use it to pay gas fees, for example. Due to the architecture of this project, the performer of the contract will have to pay gas fees when rolling up transactions from a Verse Layer to the Hub Layer, when running a contract on the Hub Layer, or when using a Bridge contract.

Verse Builder pays gas fees for rolling up. With the growth of the Oasys ecosystem, there will be more Verse Layers and more Transactions per Verse, and the gas fees will become higher as well. However, the team has designed Oasys so that the increase in gas fees will be gradual. Moreover, by accelerating the growth of Verse Builder’s business through the growth of the entire ecosystem, the disadvantage of increasing gas fees will be minimal.

In addition, anyone will be able to build a Verse. They just need to deposit more than 1 million OAS toward the verse contract. OAS token holders will also participate in the project’s decision-making through decentralized governance. Proposals include treasury uses, changes in inflation rates through staking, voting to decide which contract to build on Hub-Layer, etc.

The company also offers to stake OAS tokens that allow users to receive staking rewards. Anyone staking 10 million OAS or more through a validator contract will be able to become a validator. Lastly, customers can use OAS tokens for many micropayments in and out of the games in the Oasys ecosystem. OAS tokens will serve as the key currency.