Overdare and Circle Join Forces to Create a New Era of Mobile Gaming and Web3

The mobile gaming industry is about to witness a major transformation as Overdare, a joint venture backed by gaming giants Krafton and Naver Z, partners with Circle, a global fintech firm and the issuer of USDC, the world’s largest regulated stablecoin. The collaboration aims to enable game content creators to build in-game Web3 wallets and receive USDC payouts directly on the platform.

Overdare: A UGC Mobile Gaming Platform Powered by AI and NFTs

Overdare is a user-generated content (UGC) mobile gaming platform that leverages advanced AI-generative tools and features to offer an enriched and immersive experience for both gamers and creators. The platform is developed by Overdare, Inc., a joint venture between Krafton, the studio behind PUBG, and Naver Z, a leading metaverse company in South Korea.

Overdare is set to launch globally in the second half of 2024, and it promises to be a game-changer in the mobile gaming landscape. The platform allows players to take on the role of game designers within the metaverse, crafting their own unique games and experiences using Epic Games’ Unreal Engine 5. The platform also embraces a “Create-to-Earn” model, empowering players to monetize their creativity by transforming their digital assets into NFTs and trading them on the game’s virtual marketplace.

Circle’s Programmable Wallets and USDC Integration

To enhance the creator-centric ecosystem, Overdare is integrating Circle’s Programmable Wallets, a solution that enables game content creators to easily create secure in-game Web3 wallets and manage their digital assets. The integration also simplifies the IP and income management for creators, allowing them to trade their IP and receive USDC payouts directly on the platform.

USDC is a digital dollar stablecoin that is backed by US dollars and regulated by US authorities. It offers fast, low-cost, and secure transactions across different blockchains and platforms. By integrating USDC, Overdare aims to unlock new opportunities for creators in the burgeoning metaverse and gaming sectors, enabling them to access their earnings on demand and benefit from the convenience and stability of the digital dollar.

Settlus: A Purpose-Built Blockchain Network for the Metaverse

Overdare is also implementing its own proprietary blockchain network, Settlus, to handle transactions and licensing within the game. Settlus is a layer-1 blockchain network that is built using the Cosmos SDK, a framework that enables interoperability between different blockchains. Settlus aims to streamline the creative interactive content licensing process, allowing creators to prove asset ownership, license and monetize their creations on the blockchain. Settlus also maintains a clear record of digital asset transactions, ensuring transparency and scalability for the platform.

A Catalyst for the Future of Digital Entertainment

The partnership between Overdare and Circle is expected to be a catalyst for the future of digital entertainment, fostering an innovative Web3 environment for all. The collaboration will also showcase the potential of mobile gaming and metaverse platforms to create new value and experiences for users around the world.

“We believe this partnership will be a catalyst in shaping the future of digital entertainment, ultimately fostering an innovative Web3 environment for all,” Circle CEO Jeremy Allaire said in a statement.

“We’re excited to unveil our partnership with Circle, a company distinguished by its regulatory compliance and trustworthiness. Their robust support ensures that we are able to support the creator economy, and guarantee creators reliable access to their earnings,” Overdare CEO Henry Park said in a statement.