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- Circle has just announced a partnership with Overdare, a project founded by Korean gaming and metaverse giants Krafton and Naver Z Corporation.
- Circle CEO Jeremy Allaire said the gaming platform is working to launch a “massive Roblox-style metaverse” built on Circle's wallet infrastructure.
Stablecoin issuer Circle has just announced a partnership with Overdare, a project founded by Korean gaming and metaverse giant Krafton and Naver Z Corporation.
With this partnership, Overdare plans to leverage Circle 's programmable wallets to develop a gaming platform with user-generated content, according to a statement released today, February 26. Such an arrangement can help game content creators create in-game wallets to receive payments.
In a post on X, Circle CEO Jeremy Allaire said a “large-scale, Roblox-style” metaverse based on Circle and USDC wallet infrastructure is in development.
The platform, Overdare, aims to provide users with tools to create artificial intelligence and is expected to launch in the second half of 2024, the company said. The project intends to integrate the Settlus Layer 1 blockchain based on Cosmos to establish a revenue distribution model for creators.
Circle 'sUSDC is the second largest dollar-pegged stablecoin, with a market Capital of $28.2 billion. Recently, Circle announced that it will stop supporting USDC on the TRON network and immediately terminate the USDC Mint service on the blockchain following an “enterprise-wide” risk assessment.
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