Circle, a leading stablecoin issuer, announced a groundbreaking partnership with Overdare, a joint venture founded by South Korean gaming giants Krafton and Naver Z Corporation.
Circle Collaborates with Krafton and Naver Z's Overdare for Roblox-Style Metaverse
This collaboration aims to revolutionize the gaming and metaverse landscape by offering a “Roblox-style” platform powered by Circle's programmable wallets and USDC stablecoin.
According to today's announcement, Overdare aims to leverage Circle's programmable wallets to develop its user-generated content gaming platform.
This strategic alliance will enable gaming content creators to seamlessly integrate in-game wallets to receive payments in USDC, providing a modern and efficient solution for digital asset transactions across the gaming ecosystem.
Circle CEO Jeremy Allaire explained in his article that the collaboration paves the way for a large-scale Metaverse reminiscent of Roblox, built on Circle's wallet infrastructure and USDC stablecoin.
This ambitious project, called Overdare, is scheduled to launch in the second half of 2024 and promises users access to cutting-edge artificial intelligence-generating tools.
One of the key innovations of the Overdare platform is its integration with Settlus, the Cosmos-based layer-1 blockchain.
This integration will create a robust revenue distribution model for creators, enabling them to effectively monetize their contributions to the metaverse ecosystem.
“We believe this partnership will be a catalyst in shaping the future of digital entertainment and ultimately foster an innovative Web3 environment for everyone,” Allaire commented on the transformative potential of the collaboration.
*This is not investment advice.