Bithumb, Japan's gaming-focused blockchain oasis, surges by 30%

Oasis, a Japanese blockchain company specializing in games, recorded a 34% increase in its stock price, showing a rapid upward trend, reported News 1.
Oasis announced its ecosystem growth strategy at Japan's largest blockchain conference, WebEX.
It is analyzed that the recent positive attitude of the Japanese government towards the development of the Web3 ecosystem has had a positive impact. According to Bithumb on the 29th, the price of Oasis was as of 3:40 pm on the same day.
The price of OASIS had fallen to the 48 won range (about 5 yen) the previous day due to the impact of the drop in Bitcoin, but rose to the 59 won range on the same day.
Starting at 10 a.m., the price rose to the 65 won (about 7 yen) range, recording a 34% increase in four hours. After that, the price showed signs of correction and was trading at the 58 won (about 6 yen) range again.
The Oasis development team announced the entire Oasis ecosystem at the WebX Conference held in Tokyo, Japan the day before, saying, "Games are the driving force that will lead the Web3 ecosystem."
The company announced its general growth strategy, which states that it is determined to proactively utilize Japan's game-related intellectual property (IP) to support the transition from Web 2 to Web 3.
In addition, Oasis was invited by the Liberal Democratic Party Digital Society Promotion Headquarters Web 3 Project Team to take part in Japan's leading Web 3 project earlier this year.
Oasis, which was invited at the time along with public chain Asta, shared the current state of the blockchain market with government officials and discussed the future growth potential of the market and the current market situation.
As this project is part of the Japanese government's Web3 growth plan, expectations for Oasis have been rising to a new high recently.
In addition, the market capitalization, which was around 80 billion won (approximately 8.7 billion yen) at the beginning of this month according to CoinMarketCap, has increased to 128 billion won (approximately 13.9 billion yen), and the project
The scale of the industry is also increasing.