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Home»ADOPTION NEWS»Japan Blockchain Oasis Expands Entry into Korean Market through Collaboration with SK Planet
ADOPTION NEWS

Japan Blockchain Oasis Expands Entry into Korean Market through Collaboration with SK Planet

By Crypto FlexsSeptember 10, 20242 Mins Read
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Japan Blockchain Oasis Expands Entry into Korean Market through Collaboration with SK Planet
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Japanese gaming blockchain Oasys is expanding its presence in the Korean market through a partnership with SK Planet, a subsidiary of South Korean telecom giant SK Telecom.

In a statement shared with The Block, Oasys said the partnership is expected to bring “millions of users” to the Oasys gaming ecosystem. The team explained that SK Planet’s OK Cashbag, a membership rewards platform, has a massive user base with 28 million members and 75,000 affiliated stores, and that the partnership “potentially opens up Oasys access to this important Korean market.”

As part of the collaboration, SK Planet will become a validator for Oasys. “With SK Planet becoming the new validator for Oasys, users will soon be able to stake OAS tokens to SK Planet nodes directly from their wallets,” the team added. SK Planet’s digital wallet, UPTN Station, will also integrate with Oasys Hub.

Daiki Moriyama, Director of Oasys, said, “(This partnership) will significantly enhance protocol-level initiatives to drive blockchain game adoption and enable developers to leverage SK Planet’s massive user base through campaigns and promotions via UPTN Station.”

Japanese gaming blockchain has moved to build relationships with Korean industry giants. In February, announce We are working with Metabora SG, the web3 game division of Korean internet giant Kakao, to support game publishers entering the Japanese market. Oasis also Formed a team We are partnering with Com2uS, another Korean game developer, to release more games.

Providing a Layer 1 hub and Layer 2 network for game development, Oasys counts leading gaming companies including Sega, Ubisoft, and Yield Guild Games as validators.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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