- Circle will power in-game web3 wallets of Krafton’s metaverse game Overdare
- The wallet will support USDC payout for participants in the game’s ecosystem
- The move comes months after the USDC issuer launched a programmable web3 wallet and web2-web3 developer conversion tool
USD Coin (USDC) issuer Circle has partnered with PUBG publisher Krafton to power web3 wallets inside Krafton’s metaverse game Overdare. The partnership will also see Circle enable USDC payments to those creating content inside its ecosystem. The move is part of Circle’s move to venture deeper into the blockchain world seven months after unveiling a programmable web3 wallet, a sign it wants to be more than just a stablecoin issuer.
Reshaping UGC Gaming Landscape
In an announcement, Circle revealed that it’ll utilize its programmable wallets offering to power Overdare’s in-game web3 wallets. The announcement added that the collaboration targets to “reshape the mobile user-generated content (UGC) gaming landscape.”
Circle has entered into a strategic partnership with OVERDARE, a JV of one the largest game studios in the world (Korea’s Krafton), who are launching a large-scale Roblox-style metaverse building on @circle wallet infrastructure and $USDC. Mainstream scale Web3 experiences! https://t.co/eMD0GwGamZ
— Jeremy Allaire (@jerallaire) February 26, 2024
According to Overdare CEO Henry Park, Circle’s involvement will allow creators in the game’s ecosystem to have reliable access to their earnings. Park also noted Circle’s regulatory standing saying it builds confidence within the games community when it comes to releasing payouts.
Circle’s CEO Jeremy Allaire commented on the partnership saying that it’ll help shape “the future of digital entertainment,” while also increasing innovations across the web3 space.
Overdare utilizes AI-generative tools to provide a superior experience for both gamers and content creators in the Overdare metaverse. According to Krafton, the yet-to-be-launched game will also have a creative suite dubbed ‘Overdare Studio’ that will help content creators create “personalized gaming experiences within the platform.”
Disney, Animoca Brands and Nike Get Involved
The partnership comes at a time when blockchain gaming is gaining attention from leading and startup firms. Disney, for example, recently acquired Epic games to provide a metaverse-like experience.
Web3 developer Animoca Brands also recently unveiled a web3 chess strategy game while sportswear heavyweight Nike’s .Swoosh platform has announced it’ll focus more on video game fashion.
With Krafton tapping a reputable web3 company like Circle, it’s to be seen whether other gaming and metaverse-focused developers will also seek partnerships with leading web3 companies to increase user confidence.
