Japanese gaming blockchain Oasys has partnered with Metabora SG, the Web3 gaming division of South Korean internet giant Kakao, to help game publishers enter the Japanese market.
Oasys said, “Metabora SG brings expertise in creating immersive gaming experiences and, combined with Oasys’ eco-friendly technology, will attract Japanese players.” name On Thursday.
This partnership was made as part of Oasis’ 2024 core strategy, Dragon Update. The company said it aims to focus on expanding the gaming blockchain by strengthening interoperability and connectivity with content manufacturers.
oasis last week announced a partnership We are planning to load our games on the Oasys blockchain with Com2uS, another Korean game developer. Many Korean Web3 game developers have been exploring the global release of blockchain-based games after local regulations prevented domestic releases.
Offering both Layer-1 and Ethereum-based Layer-2 networks for game developers, Oasys counts gaming industry leaders Sega, Ubisoft, and Yield Guild Games as network validators.
improved regulation
Japan recently began restructuring regulations for the local cryptocurrency and Web3 industries. In December, the Japanese Cabinet approved the following: Tax system revision This exempts businesses from paying taxes on unrealized cryptocurrency profits. Last week, the national cabinet approved the following proposals: Allow venture capitalists to invest directly In cryptocurrency startups.
Oasys spoke to X on Wednesday. post It said it had participated in discussions with the ruling party’s Web3 team about the current regulatory environment and ways to strengthen the global competitiveness of the domestic Web3 gaming industry.
“We announced to the ruling party and government how important liquidity is in the Web3 game project,” said Ryo Matsubara, director of Oasis. wrote on “If Japan restores liquidity, it will become the hottest market because there is a lot of attractive content,” he said.
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