Circle will offer an in-game wallet and support for USDC payouts to gaming creators within the metaverse game Overdare. The metaverse-focused venture, Overdare, has announced a collaboration with Circle, the issuer of USD Coin, to incorporate in-game Web3 wallets and USDC payouts for its gaming content creators. This strategic partnership, announced on February 26, aims to streamline cryptocurrency payouts for creators within the Overdare ecosystem. By integrating Circle’s Programmable Wallets service, Overdare will enable in-game wallets and USD Coin payouts, allowing content creators to receive stablecoins for their gaming contributions. Overdare, a nonfungible token (NFT)-centric metaverse game, is a collaborative effort between Naver Z, a software company, and Krafton, a prominent video game publisher recognized for its involvement in the release of PUBG: Battlegrounds. The project, unveiled on September 15, 2023, promises a mobile gaming experience akin to Roblox, powered by Unreal Engine 5.
In addition to facilitating wallet integration, Circle emphasizes that Overdare will incorporate USDC stablecoin as an alternative method for creators to settle transactions and generate revenue. This move underscores the metaverse company’s commitment to assisting gaming creators in transitioning from traditional Web2 platforms to the emerging Web3 landscape. Henry Park, CEO of Overdare, expressed enthusiasm for the partnership with Circle, citing the stablecoin issuer’s regulatory compliance and its assurance of reliable earnings access for creators.
Jeremy Allaire, co-founder and CEO of Circle, believes that this collaboration holds the potential to shape the future of digital entertainment and cultivate a Web3 ecosystem accessible to all. Allaire highlights Circle’s commitment to providing Web3 wallets and USDC payout support to Overdare, thereby empowering the creator economy. This development within Overdare coincides with a surge in interest in blockchain gaming tokens, exemplified by the recent valuation of $2.7 billion for Pixel’s crypto token following its listing on Binance exchange on February 22. The PIXEL token’s significant appreciation underscores the growing traction of blockchain-based gaming initiatives in the cryptocurrency market.