Overdare, a venture centred on the Metaverse, has unveiled a collaboration with Circle, the issuer of USD Coin, aimed at incorporating in-game Web3 wallets and USDC payments for its gaming content creators.
Circle declared on February 26th a strategic alliance with Overdare, designed to facilitate crypto payments for creators of gaming content.
As per the proclamation, Overdare will integrate the stablecoin issuer’s Programmable Wallets service to enable in-game wallets and USD Coin payments for gaming content remunerations.
This facilitates content creators in receiving stablecoins in return for their gaming creations.
Overdare stands as a nonfungible token (NFT)-centric metaverse game, a joint effort between the software entity Naver Z and video game publisher Krafton, renowned for its involvement in launching the widely popular battle royale game PUBG: Battlegrounds.
The venture was unveiled on September 15, 2023, as a Roblox-esque mobile game constructed utilising the Unreal Engine 5.
In addition to the wallet integration, Circle emphasised that the metaverse game will incorporate the USDC stablecoin as an alternative method for creators to settle transactions and accrue revenue.
The metaverse enterprise views this as an opportunity to aid gaming creators in transitioning from Web2 platforms to the Web3 realm.
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Henry Park, CEO of Overdare, conveyed the team’s enthusiasm for the collaboration with Circle.
The executive lauded the stablecoin issuer’s adherence to regulatory standards and remarked that the partnership would “assure creators dependable access to their earnings.”
Jeremy Allaire, co-founder and CEO of Circle, expressed his conviction that the partnership could contribute to shaping the “future of digital entertainment” and foster a Web3 ecosystem for all.
Allaire also underscored their eagerness to furnish Web3 wallets and USDC payout support to Overdare in supporting the creator economy.
The latest development within Overdare arises amidst a surge in interest in blockchain gaming tokens.
On February 22nd, the crypto token of Web3 game Pixel approached a valuation of $2.7 billion subsequent to its listing on the crypto exchange Binance.
By then, the PIXEL token had surged to a peak of $0.53, marking a more than tenfold increase from its listing price of $0.04.
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