Overdare Partners With Circle For Web3 Wallet Integration And USDC Payments In Metaverse Games

JAKARTA The metaverse-focused company Overdare announced a partnership with USD Coin publisher Circle to integrate Web3 wallets in USDC games and payments for gaming content creators.

On February 26, Circle announced a strategic partnership with Overdare to enable easier crypto payments for game content creators. According to the announcement, Overdare will integrate the Wallets Programmable service of the stablecoin issuer to allow USDC in-game wallets and payments for gaming content creators. This allows content creators to receive stablecoins in exchange for their gaming content.

Overdare is a metaverse game driven by nonfungible tokens (NFT) which is a joint venture between software company Naver Z and video game publisher Krafton, known for its role in releasing popular PUBG: Battlegrounds battle royale games. The project was announced on September 15, 2023, as a Roblox-like mobile game built with Unreal Engine 5.

In addition to wallets, Circle also highlighted that this metaverse game will integrate USDC stablecoins as an alternative way for content creators to complete transactions and generate revenue. Metaverse companies see this as an opportunity to help gaming content creators switch from Web2 platform to Web3 space.

Overdare CEO Henry Park expressed his team's joy at the partnership with Circle. The executive praised compliance with stablecoin publisher regulations and said the partnership would "jame content creators reliable access to their income."

Circle co-founder and CEO Jeremy Allaire expressed his belief that this collaboration could contribute to shaping a "digital entertainment future" and encouraging the Web3 environment for everyone. Allaire also highlighted that they are excited to provide Web3 wallet support and USDC payments to Overdare to help the creator economy.

The latest development in Overdare comes amid growing interest in blockchain gaming tokens. On February 22, Web3 game crypto token Pixel approached a valuation of US$2.7 billion (Rp42.2 trillion) after it was listed on the Binance crypto exchange. At that time, PIXEL tokens reached the highest price of US$0.53, more than 10 times the initial bid price of US$0.04.