Circle (USDC) and Overdare Team Up to Bring Web3 to Gaming

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Overdare, a metaverse gaming platform developed by Krafton, is teaming up with Circle, a global financial technology company and publisher of USDC, to provide gaming content creators with Web3 wallet and USDC stablecoin payment solutions. Here is a brief explanation of Overdare and Circle.

Overdare, a Metaverse Gaming Platform That Generates Money

Overdare is a metaverse gaming platform that allows users to create, play, and interact with various games integrated with digital collectibles. Overdare uses Unreal Engine 5, an advanced game engine developed by Epic Games, to give creators creative tools based on artificial intelligence (AI).

Overdare also adopts a "Create-to-Earn" model, which empowers users to monetize their creativity by creating valuable digital assets, such as characters, items, or environments, and turning them into non-fungible tokens (NFTs). NFTs are unique, non-fungible digital assets, which can be bought, sold, or exchanged on a virtual marketplace.

Overdare is scheduled to launch globally in the second half of 2024, and targets to become the world's largest metaverse gaming platform. Overdare also offers features such as live chat, customizable avatars, and a friendly community, to create a fun and immersive experience for users.

Circle, USDC Issuing Company

Circle is a global financial technology company that provides payment solutions and infrastructure for the digital economy. Circle is an issuer of USDC, a stablecoin backed by the US dollar and regulated by financial authorities. USDC is a digital currency that can be used to make online transactions quickly, cheaply, and securely.

Circle also provides Programmable Wallets, a solution that allows developers to create Web3 wallets that connect with various blockchain networks, such as Ethereum, Solana, Binance Smart Chain, and others. Web3 wallets are digital wallets that allow users to manage their crypto assets and NFTs, as well as interact with decentralized applications (dApps) in Web3.

Web3 is a term that refers to the third generation of the internet, which is based on blockchain technology and smart contracts. Web3 offers the possibility to create a more open, transparent, and fair digital economy, where users have complete control over their data and assets.

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Overdare and Circle Collaborate to Drive Innovation in Gaming and Metaverse Sectors

Overdare and Circle announced their strategic partnership on February 26, 2024, with the goal of bringing Web3 to the gaming world and metaverse. This partnership covers several aspects, namely:

• Circle's Programmable Wallets integration into the Overdare platform, so game creators can create Web3 wallets in their games, and accept USDC payments directly on the platform.
• The integration of Settlus, a blockchain network built specifically for Overdare, allows creators to license and monetize their interactive content on the blockchain, as well as transact digital assets and NFTs easily and quickly.
• Integrasi USDC sebagai salah satu opsi pembayaran di platform Overdare, sehingga pengguna dapat membeli, menjual, atau menukar aset digital dan NFT dengan menggunakan mata uang digital yang stabil dan terpercaya.

Kemitraan ini diharapkan dapat memberikan manfaat bagi para pencipta konten game, seperti:

• Memudahkan akses dan pengelolaan aset kripto dan NFT, serta meningkatkan keamanan dan privasi transaksi.
• Membuka peluang pendapatan baru dengan memanfaatkan pasar virtual dan NFT, serta menerima pembayaran USDC yang cepat dan murah.
• Mendorong inovasi dan kolaborasi di sektor game dan metaverse, serta meningkatkan kualitas dan variasi konten yang ditawarkan.

Henry Park, CEO of Overdare, stated that this partnership will be a driving force in shaping the future of digital entertainment, and fostering an innovative Web3 environment for all. Jeremy Allaire, CEO of Circle, added that this partnership will help Overdare to become the leading metaverse gaming platform, and provide an exceptional experience for creators and players alike.

Overdare and Circle are two companies that share the same vision to advance the gaming and metaverse industry by using Web3 technology. This partnership is expected to have a positive impact on game content creators, as well as provide added value for Overdare platform users.

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Also Read:

Circle CEO predicts regulation of stablecoins in the US

Circle Decides to Stop Printing USDC on TRON: What Impact Will It Have on Stablecoins?

Chainlink and Circle Collaborate to Facilitate USDC Transfer Between Blockchains

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.