- Square Enix has joined the validator cluster on Oasys.
- This addition has increased the validator count on the blockchain to 21.
- Square Enix is famous for games like Tomb Raider, Final Fantasy, Marvel’s Avengers and more.
Square Enix to Escalate User Experience
Blockchain gaming is becoming a popular phenomenon across the globe. The revenue generation potential of these games has attracted a lot of gamers in the space. Organizations associated with the sector are collaborating with others to fasten their development to grow on a worldwide scale. Recently, Square Enix joined hands with the Oasys to become a node validator on their blockchain.
Daiki Moriyama, director of Oasys, says that this integration will contribute to their collective mission. Together they will bring brand new experiences to the users and set up a new foundation for the future of blockchain gaming. Square Enix has become one of the 21 validators on Oasys. Ubisoft, Bandai Namco, Sega, NetMarble and more are already working with the organization.
Oasys requires a user to own 10 Million OAS, the native digital asset of the firm, to become a validator on their blockchain. They do not allow deploying new smart contracts on the chain, only the company approved contracts are allowed. Square Enix will provide commuting power and robust security to the blockchain and improve the enabling seamless transactions on the ecosystem.
Square Enix is among the most admired gaming organizations with association of prominent titles like Final Fantasy, Tomb Raider, Marvel’s Avengers, Marvel’s Guardians of The Galaxy, and more. During May, 2022, the company sold 50 of its Intellectual property rights and studios to Embracer including Crystal Dynamics, Eidos Montreal and Square Enix Montreal.
This decision cost them the IP rights for games like Tomb Raider, Legacy of Kain, and Thief. The step was taken due to their new plans to establish new studios and acquisitions in the future according to their announcement in the same month. They took it to Twitter to unveil their strategies and mission to go along with the progres.
Blockchain games allow the users to earn rewards against their time and effort they spend in the ecosystem. It is attracting the mainstream gamers in the space due to its monetization aspect. Covid-19 era proved to be a booster for the P2E concept as it allowed the people to generate income while enjoying the games from their homes.
While play-to-earn games enable the folks to generate revenue streams, it has attracted bad actors in the arena. Biggest example for this remains the collapse of Axie Infinity’s Ronin Bridge where the hackers wiped over 600 Million USD from user wallets.
Source: https://www.thecoinrepublic.com/2022/09/16/square-enix-joins-oasys-node-validator-cluster/