Oasys and Edia Team Up to Bring Retro Video Games to Web3
Oasys, a blockchain platform designed for gaming, has formed a partnership with Edia, a company that owns the rights to hundreds of retro video games from that era. Beginning this July, Oasys will serve as the exclusive blockchain partner for Edia with the aim of integrating these classic games into the world of Web3 and blockchain technology.
This collaboration signifies that cherished titles from the past, such as the horizontal-scrolling shooter Gaiares, have the potential to be revitalized as blockchain games. Oasys intends to utilize Edia's 139 retro game IPs to develop new Play-to-Earn games, attracting mainstream gamers to the Web3 space.
Beyond breathing new life into old games, this partnership also seeks to raise awareness about the potential of merging classic characters and titles with blockchain technology. Edia will oversee public relations and marketing activities to promote this new venture.
Furthermore, Oasys has been making significant strides in the industry, including a recent partnership with SBI NFT to enhance its presence in the NFT segment.
Key Takeaways
- Oasys partners with Edia to bring retro video games to Web3.
- The collaboration aims to recreate 139 classic game IPs for Play-to-Earn models.
- Edia will manage PR and marketing using retro gaming IPs and blockchain tech.
- Popular titles like Gaiares may be revived as blockchain games.
Analysis
The Oasys-Edia partnership leverages nostalgia to drive Web3 adoption, impacting gamers, investors, and the tech sectors. Key factors driving this include Oasys's blockchain expertise and Edia's extensive retro game IP library. In the short-term, heightened interest in OAS crypto and NFT markets can be expected. In the long-term, this collaboration has the potential to reshape gaming economics and expand blockchain's mainstream appeal, influencing future tech integrations and investment trends.
Did You Know?
- Web3:
- Web3 refers to the third generation of the internet, wherein websites and applications are built on blockchain technology. Unlike Web2, which is centralized and controlled by large corporations, Web3 aims to be decentralized, allowing users to have more control over their data and interactions. In the gaming context, Web3 enables features like true ownership of in-game assets through NFTs (Non-Fungible Tokens) and the ability to earn real-world value from in-game activities.
- Play-to-Earn (P2E):
- Play-to-Earn is a business model in the gaming industry where players can earn real-world value by playing the game. This is typically achieved through blockchain technology, which allows players to own in-game assets as NFTs and trade them on open marketplaces. In the case of Oasys and Edia's collaboration, classic retro games will be adapted to this model, allowing players to potentially earn cryptocurrency or other rewards by playing and completing challenges.
- Non-Fungible Tokens (NFTs):
- Non-Fungible Tokens are unique digital assets verified on a blockchain, making them one-of-a-kind and impossible to replicate. NFTs can represent various types of digital items, such as artwork, music, videos, and in-game assets. In the context of gaming, NFTs enable players to truly own their in-game items, trade them with others, and even sell them for real-world currency. This ownership is secured by the blockchain, ensuring transparency and authenticity.