Japanese blockchain Oasys partners with SK Planet to expand South Korean presence

Japanese gaming blockchain Oasys has partnered with SK Planet, a subsidiary of South Korea telecommunications giant SK Telecom, to expand its presence in South Korea.

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

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

“[The partnership] will significantly enhance our protocol-level initiatives to boost blockchain gaming adoption and enable developers to leverage SK Planet’s vast user base through campaigns and promotions via UPTN Station,” said Daiki Moriyama, director of Oasys. 

The Japanese gaming blockchain has made moves to establish ties with Korean industry giants. In February, it announced a partnership with South Korean internet giant Kakao’s web3 gaming division, Metabora SG, to support the game publisher’s expansion into the Japanese market. Oasys also teamed up with Com2uS, another Korean game developer to onboard more games.

Oasys, which offers Layer 1 hub and Layer 2 networks for game development, counts gaming leaders — including Sega, Ubisoft and Yield Guild Games — as its validators.