Overdare, a metaverse-focused venture, has announced a partnership with Circle, the issuer of USD Coin (USDC), to integrate in-game Web3 wallets and USDC payouts for its gaming content creators. This strategic partnership, announced on February 26th, will enable easier crypto payouts for game content creators. Overdare will utilize Circle’s Programmable Wallets service to allow in-game wallets and USDC payouts, providing content creators with the option to receive stablecoins in exchange for their gaming content.
Overdare is a nonfungible token (NFT)-driven metaverse game that is a joint venture between Naver Z, a software company, and Krafton, a video game publisher known for releasing the popular battle royale game PUBG: Battlegrounds. The project was introduced on September 15, 2023, as a Roblox-like mobile game built with the Unreal Engine 5.
In addition to the integration of the wallet, Circle emphasized that Overdare will also incorporate the USDC stablecoin as an alternative method for creators to settle transactions and generate revenue. This move by the metaverse firm aims to assist gaming creators in transitioning from Web2 platforms to the Web3 space.
Henry Park, the CEO of Overdare, expressed excitement about the partnership with Circle, praising the stablecoin issuer’s regulatory compliance and highlighting that the collaboration will ensure creators have reliable access to their earnings. Jeremy Allaire, co-founder and CEO of Circle, believes that this collaboration could shape the future of digital entertainment and foster a Web3 environment for everyone. Allaire also expressed enthusiasm about providing Web3 wallets and USDC payout support to Overdare in order to support the creator economy.
This recent development for Overdare comes at a time when there is a growing interest in blockchain gaming tokens. On February 22nd, the crypto token for the Web3 game Pixel reached a valuation of $2.7 billion after being listed on the cryptocurrency exchange Binance. The PIXEL token experienced a significant increase in value, reaching a high of $0.53, which was more than a 10x gain from its listing price of $0.04.
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