South Korean game studio Krafton, maker of the popular battle royale shooter PUBG, announced Thursday that its upcoming NFT-driven metaverse game project will be called Overdare – offering a first look at the creation-focused platform.
Formerly known as Project MigalooOverdare will soft-launch in December and fully release sometime between January and July 2024, Krafton said in a statement. The company has created its own blockchain, Settlus, for the game.
Overdare appears to be a Roblox-like mobile gaming platform built with Epic Games’ Unreal Engine 5 that will provide creators with generative artificial intelligence (AI) tools to help gamers create their own shooting games, role-playing games (RPGs), and action RPGs making, to name a few. The social gaming platform also allows users to create custom avatars and chat with each other.
The first official teaser trailer above suggests an open-world platform that will allow users to build games and environments using AI tools, play the wide range of user-generated games, attend virtual concerts, customize their avatars and more.
Earlier this year, Krafton announced the project as a joint venture between the studio and Naver Z, an augmented reality (AR) technology company. Krafton still has an 85% stake in the project, while Naver Z owns the remaining 15%.
Overdare plans to offer players a so-called create-to-earn game economy, in which gamers can buy and sell in-game digital assets like NFTs. The game will use NFTs because such crypto tokens will provide “transparency and secure transactions,” a statement said.
PUBG Developers Unveil Cosmos-based Settlus Blockchain for USDC Settlements
Krafton and Naver Z use the recently unveiled Settlus blockchain for Overdare’s economy, which allows gamers to make money in Coinbase and Circle’s US dollar-backed stablecoin. USDC. Settlus will use Cosmos to facilitate USDC payments, as first announced last week at a Korea Blockchain Week event.
The Settlus Twitter account calls it a Krafton-created blockchain and calls it “the future of the creator economy.”
In a medium blog postKrafton’s Settlus wrote that it plans to introduce an “NFT licensing system,” but did not elaborate on what exactly that entails. It also said it is currently working to address potential issues with Overdare’s planned NFT economy, such as potentially offering optional NFTs instead of mandatory ones, addressing item scarcity or lack thereof, and addressing issues with volatile token prices that could lead to “a negative experience” for gamers and creators.
It is currently unclear whether Settlus will also offer its own token at a later date. Krafton representatives did not immediately respond Declutter‘s request for comment on the status of Settlus and whether it will issue a new token or use USDC exclusively.
Stablecoins like USDC are often chosen by crypto companies and traders because their value is much less volatile than cryptocurrencies like Bitcoin and Ethereum. Instead, stablecoins are planned to remain pegged to the US dollar.