NFT BUILDS INC

You have not selected any currencies to display

PUBG Publisher Teams Up with Circle for Metaverse In-Game Wallet

 

Overdare, a prominent metaverse-focused venture, has unveiled a groundbreaking collaboration with Circle, a leading issuer of USD Coin (USDC), aimed at enhancing the experience for gaming content creators within its immersive gaming environment.

This partnership, announced on February 26th, marks a significant milestone in the evolution of the gaming industry, particularly within the realm of the metaverse. By teaming up with Circle, Overdare plans to seamlessly integrate in-game Web3 wallets and facilitate USDC payouts for its community of gaming content creators. This integration will be made possible through Circle’s Programmable Wallets service, allowing creators to effortlessly receive stablecoins as compensation for their contributions to the gaming ecosystem.

Notably, Overdare stands out as a pioneering nonfungible token (NFT)-driven metaverse game, jointly developed by Naver Z, a software company, and Krafton, renowned for its role in bringing the immensely popular PUBG: Battlegrounds to fruition. Since its announcement on September 15, 2023, Overdare has been positioned as a mobile game reminiscent of Roblox, leveraging the cutting-edge Unreal Engine 5 to deliver an unparalleled gaming experience.

In addition to facilitating in-game transactions, Circle’s partnership with Overdare heralds the integration of USDC as a viable alternative for settling transactions and generating revenue within the metaverse. This strategic move underscores Overdare’s commitment to empowering gaming creators as they navigate the transition from traditional Web2 platforms to the decentralized landscape of Web3.

Henry Park, CEO of Overdare, expressed his team’s enthusiasm for the collaboration with Circle, emphasizing the stability and regulatory compliance offered by the stablecoin issuer. Park noted that the partnership with Circle ensures creators reliable access to their earnings, thereby bolstering confidence within the gaming community.

Jeremy Allaire, co-founder and CEO of Circle, echoed Park’s sentiments, emphasizing the transformative potential of this collaboration in shaping the future of digital entertainment. Allaire reiterated Circle’s commitment to providing robust Web3 solutions, including Web3 wallets and USDC payout support, to empower creators within the burgeoning metaverse environment.

This landmark announcement from Overdare comes amidst a notable surge in interest surrounding blockchain gaming tokens. Notably, on February 22nd, the crypto token associated with Web3 game Pixel soared to a valuation of $2.7 billion following its listing on the prestigious crypto exchange Binance.

This meteoric rise, with the PIXEL token surging over 10 times its listing price, underscores the growing momentum behind blockchain gaming and the immense potential it holds for revolutionizing the gaming industry as we know it.

Wasif Shakir

Subscribe to the Markets Outlook newsletter
Weekly newsletter that covers the main factors influencing Bitcoin’s price and the week ahead. Delivered every Monday

Related Post