SoftBank Becomes Validator of Gaming Blockchain Oasys
iHodl.com
Main page News, Blockchain, gaming industry, Japan, Institutional Investors

Japanese multinational conglomerate SoftBank has signed a partnership agreement with a gaming blockchain startup Oasys in a form of a validator, TechCrunch reports, citing the company's announcement.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

While details of the deal haven't been disclosed, SoftBank Senior Vice President, Keiichi Makizono, said that the parties "will work together to explore the development of blockchain-based services for the gaming industry." It is unclear if SoftBank is planning to buy Oasys' native token OAS to validate blockchain blocks.

SoftBank joins a big list of Japanese gaming companies that have already joined the blockchain as validators, including Square Enix, Bandai Namco Research and Ubisoft. Amid the news, OAS price gained 15% to $0.10, according to data from Nomics.

InfStones Raises $66M in Round Led By SoftBank

In the future, Oasys wants to allow the public to participate through a council and remove the limit on the number of validator slots "as long as the necessary requirements are being met," the announcement says.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Please describe the error
Close