- PUBG creator Krafton announces the upcoming mobile metaverse platform “Overdare,” built on the newly revealed Settlus blockchain.
- Overdare enables users to create and explore diverse gaming worlds, craft personalized avatars, and interact in a rich social environment with a “create-to-earn” system.
- The Settlus blockchain plans to incorporate a USDC-backed payment system, ensuring secure and transparent transactions within the immersive gaming experience.
South Korean gaming powerhouse, Krafton, renowned for the globally acclaimed PUBG, has set its sight on conquering the metaverse with its ambitious new project, Overdare. Leveraging revolutionary blockchain technology and AI creation tools, Krafton aims to redefine user-generated content in gaming.
Slated for a soft launch this December, followed by a full release between January and July 2024, Overdare is Krafton’s answer to the call for a more immersive and interactive gaming experience. Initially known as Project Migaloo, this endeavor represents a robust partnership between Krafton and Naver Z, holding an 85-15 stake respectively.
Building upon the Unreal Engine 5 by Epic Games, Overdare offers a canvas for creators, offering generative AI tools to craft games spanning various genres, including role-playing games and shooters. The platform is designed to be much more than a gaming venue, facilitating virtual concerts and other social experiences, fostering a community where users can interact through custom avatars and in-app chats.
Beyond gaming, the platform dives deep into the economic spectrum, introducing a “create-to-earn” system. This pioneering approach allows gamers to buy, sell, and own in-game digital assets as NFTs, promising transparent and secure transactions.
Settlus Blockchain: The Backbone of Overdare
At the core of Overdare’s economic ecosystem is the Settlus blockchain, a Krafton brainchild tailored to facilitate the bustling economy of the Overdare metaverse. This innovative blockchain project will work in tandem with the Cosmos SDK, focusing on USDC settlements, a decision steering away from the volatile landscape of cryptocurrencies such as Bitcoin and Ethereum.
Settlus aims to foster the “future of the creator economy”, potentially introducing an NFT licensing system to address various facets of the NFT economy, including item scarcity and price volatility, ensuring a wholesome experience for both creators and gamers.
Furthermore, this blockchain offers an exciting feature where the network’s gas fees are payable through stablecoins, bringing a stable and reliable economic framework to the vibrant ecosystem that Overdare aims to build.
Overdare: A Canvas for Unbounded Creativity
The open-world platform of Overdare promises a playground for creators and gamers alike, pushing the boundaries of creativity. Users can look forward to utilizing AI-powered tools to design games, customize avatars, and even attend virtual concerts, promising a realm brimming with possibilities.
With a substantial investment of 48 billion Korean Won, Krafton and Naver Z showcase their robust faith in Overdare, embracing the spirit of recklessness and boldness, steering towards uncharted territories in the gaming world.
The “create-to-earn” system stands as a testament to Overdare’s commitment to nurturing creativity, providing a lucrative platform for content creators to monetize their digital artifacts, promising secure and transparent transactions through NFT and blockchain technologies.
