Oasys Gaming Protocol Unveils Plans for Mainnet Launch in Three Phases

Oasys, an emerging EVM-Compatible gaming protocol is set to debut its mainnet and has unveiled three major phases the launch process will pass through. 


Per the announcement it shared via its blog post, the first step in the Oasys launch has kicked off today, October 25, and will see all of its initial validators resume taking the operation of all nodes and ensuring the Layer-1 protocol or the Hub-Layer functions effectively.


As Oasys revealed, it has spent the better part of the past few months inking strategic partnerships with important players spread across both the traditional and Web3.0-based ecosystems. At launch, it said it has as many as 21 validators including industry heavyweights such as Square Enix, SEGA, Ubisoft, ConsenSys, and tofuNFT amongst others.


The second phase of its push is set to commence on November 8 and the focus this time is on the integration of the Layer-2 protocol or the Verse-Layer on top of the Hub-Layer. The third phase will be ushered in on November 22 and amongst all else, it is focused on building a gaming or dashboard interface that gamers can interact with.


“The blockchain gaming ecosystem has grown rapidly over the past few years, reflecting an increasing appreciation of the value that projects such as Oasys have brought to the wider industry,” said Daiki Moriyama, Director, Oasys, “However, now is not the time to reflect on past accomplishments, but focus on the exciting possibilities of the future. The Mainnet launch is a significant step forward in creating a fully-functional, public-led gaming blockchain that will transform the gaming future and give extensive value to players and game developers alike.”

Oasys said the mainnet launch will come ahead of its token launch and that a part of its preparation includes a comprehensive audit of its codes by Quantstamp, a security audit firm that lists the likes of Solana and Cardano as its clients. The extensive audit is necessary considering the growing worry around DeFi exploitations, as well as bridges linked to gaming outfits.

Image source: Shutterstock


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Crypto Giant Coinbase Lists Three Low-Cap Altcoins, Spurring Major Price Volatility

A trio of altcoins are riding the valuation roller coaster after a surprise listing by top US crypto exchange Coinbase.

In a new tweet, Coinbase says that the three low-cap digital assets will start trading on Coinbase Pro once appropriate liquidity conditions are met.

Quantstamp (QSP) is a blockchain security protocol that services a variety of crypto niches including non-fungible tokens (NFTs) and decentralized finance (DeFi).

According to the project website,

“Quantstamp’s mission is to secure the decentralized internet and has protected over $200 billion in digital asset risk from hackers.

More than 200 startups, foundations and enterprises work with Quantstamp to keep their innovative products safe.”

News of the Coinbase listing initially sent Quantstamp vertical from $0.059 to $0.087. After some choppy price action, QSP is up 38.84% today to $0.079.

Also getting the green light from Coinbase is Render Token (RNDR), which connects people in need of graphics processing with those whose units (GPUs) are idle.

As the company website explains,

“Hardware limitations should not be what keeps you from being a part of the new digital renaissance.

Render puts the power of GPU rendering at your fingertips, at a fraction of the cost and speed of in-house rendering.”

Render Token initially spiked 14.3% from $3.56 to $4.07 but has since fallen to $3.22. RNDR is down 5.65% on the day.

Last on the list is layer-2 Ethereum scaling solution Aventus (AVT), whose advantages include low costs, interoperability, and enterprise-grade capabilities.

Regarding real-world use cases, the project says,

“The network lets organizations ranging from NFTs and supply chain coordinators to customer rewards schemes and live entertainment companies easily develop and implement efficient, highly secure, and future-proof blockchain solutions.”

The Coinbase news first sent Aventus soaring from $3.23 to $4.15 in back-to-back spurts, but the altcoin has since corrected. After a seesaw battle of price action, AVT is down 1.65% on the day and trading for $3.40.

Coinbase says that each token will be available to trade paired with USD and USDT.

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Five proposed crypto class actions in NY over unregistered securities dismissed

Five proposed class-action lawsuits against crypto firms have been voluntarily dismissed without prejudice in New York federal courts — without costs or attorney fees to any party.

Quantstamp, Status Research, Civic Technologies, HDR Global Trading, and Kaydex are off the hook, however related cases are ongoing.

The five class-action lawsuits dismissed on April 27 are part of a batch of 11 filed by Law firms Selendy & Gay PLLCRoche Freedman a year earlier. The lawsuits accused several crypto firms of causing investor harm by selling digital assets that were allegedly unlicensed securities without brokerage licensing, misleading investors, and engaging in market manipulation.

However the plaintiffs were unable to provide strong evidence of damages caused to investors from the alleged sale of unlicensed securities, and two prior court rulings in favor of BProtocol and Bibox reportedly paved the way for the dismissals. Within days of the Bibox ruling, all five legal teams had flagged the decision to the judges overseeing their cases.

Cases against Binance, Kucoin, Tron and HDR Global’s Bitmex remain in play according to court filings.

In a blog post yesterday, Director of Marketing Nancy Li for decentralized identity firm Civic Technologies welcomed the end of proceedings:

“The dismissal of this case signals the end of a lengthy and hard-fought process for Civic. During the past year plus the company remained confident that we would prevail, not just on behalf of Civic, but in support of the crypto ecosystem overall.”

Li added, “Nonetheless, sometimes being on the right side of an argument is not enough (and we were right), so it is with a certain sense of vindication that we tick this one in the win column for Civic and for crypto.”

The ongoing case against China-based blockchain software developer Tron Foundation may end with similar results with claims the lawsuit was filed outside the statute of limitations deadline.

Tron filed a motion to dismiss the “fatally flawed” lawsuit on Dec. 15, arguing that plaintiffs failed to allege harm, and that they continued to buy TRX after the SEC released the April 2019 framework on securities.

“Had plaintiffs read the white paper, they would have seen that Tron warned that although TRX was not intended to be a security, future government oversight or regulatory actions could affect Tron and the TRX token, including the ‘price and stability’ of the token and its use on the blockchain,” the motion said.

Paving the way for this week’s dismissals was a securities fraud lawsuit against Israel-based Bancor over its BProtocol Foundation which was dismissed in February due to the plaintiff’s failure to show damages caused, with the court also citing a lack of personal jurisdiction.

Earlier this month the


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