Oxalis Games Stock Surges 15% on Strategic Partnership with Open Loot for Moonfrost

Oxalis Games has announced a strategic partnership with Open Loot, a Web3 gaming platform that is redefining player ownership and blockchain-powered ecosystems. This collaboration aims to elevate Moonfrost, Oxalis Games’ flagship title, which has already garnered significant industry attention by winning “Best Art Direction” in 2024. Moonfrost is developed by the lead developer of Stardew Valley Mobile and is an innovative, free-to-play, shared world, farm-life sim RPG. The game is known for its unique art direction and immersive gameplay, offering an experience that focuses on player-driven economies, decentralization, and true ownership of in-game assets, all enhanced by optional and meaningful Web3 technology.

Oxalis Games, which started as a small indie studio, has made significant strides in the gaming industry. The studio achieved over 50,000 organic sign-ups without any marketing expenditure last year. Moonfrost was showcased as the lead indie development game at EGX-Comic Con London 24 and is currently in the top 20 most wishlisted games on Epic Games. This impressive growth is a testament to the game’s community-first approach. The studio has also run a post-playtest mint for its genesis NFT, called the FROST-Hunter License, rewarding only players, not influencers or paid shills. This transparent and player-centric approach has helped cultivate an engaged community of super fans who are actively involved in the game’s development, providing feedback and input to shape Moonfrost.

Open Loot is a leading Web3 gaming platform that makes blockchain gaming seamless and accessible. With a user-friendly marketplace and a robust infrastructure supporting fiat and crypto payments, Open Loot empowers studios to integrate Web3 features effortlessly. The platform has successfully launched high-quality titles like Big Time and World Shards, and has facilitated significant trading volume and revenue. With built-in custody, KYC/AML compliance, risk management, and player-friendly onboarding, Open Loot is the premier destination for developers looking to bridge traditional and Web3 gaming.

With this partnership, Open Loot and Oxalis Games aim to introduce more players to Web3 gaming by developing high-quality titles designed for both traditional and Web3 audiences. Moonfrost is an isometric, multiplayer, next-gen pixel art life-sim, created by seasoned game developers to offer a premium quality experience within a fantasy version of the modern-day world.