{"id":72315,"date":"2024-02-26T10:55:25","date_gmt":"2024-02-26T14:55:25","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=72315"},"modified":"2024-04-10T22:23:16","modified_gmt":"2024-04-11T02:23:16","slug":"overdare-circle-partner-for-in-game-wallet-usdc-support-on-new-metaverse","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/overdare-circle-partner-for-in-game-wallet-usdc-support-on-new-metaverse\/","title":{"rendered":"Overdare, Circle Partner for In-game Wallet, USDC in Support"},"content":{"rendered":"\n

Metaverse platform Overdare and USD Coin issuer Circle have partnered to enable the integration of in-game Web3 wallets<\/a> and USDC compensation for the creators of Overdare's gaming content.<\/p>\n\n\n\n

\"Overdare,
Overdare, Circle Partner for In-game Wallet, USDC Support on New Metaverse<\/figcaption><\/figure>\n\n\n\n

Circle and Overdare announced a partnership on February 26 to facilitate cryptocurrency compensation for game content creators. Overdare will incorporate the Programmable Wallets service of the stablecoin issuer to enable in-game wallets and USD Coin payouts for gaming content payouts, according to the announcement. This facilitates the exchange of stablecoins for gaming content from content creators.<\/p>\n\n\n\n

Overdare is an NFT-driven metaverse game <\/a>developed as a collaborative effort by video game publisher Krafton, a prominent entity in the industry due to its involvement in the release of the viral battle royale game PUBG: Battlegrounds, and software company Naver Z. The project, which utilizes the Unreal Engine 5, was unveiled as a Roblox-like mobile game on September 15, 2023.<\/p>\n\n\n\n

\n

Circle has entered into a strategic partnership with OVERDARE, a JV of one the largest game studios in the world (Korea's Krafton), who are launching a large-scale Roblox-style metaverse building on @circle\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> wallet infrastructure and $USDC<\/use><\/svg><\/span><\/a>. Mainstream scale Web3 experiences! https:\/\/t.co\/eMD0GwGamZ<\/use><\/svg><\/span><\/a><\/p>— Jeremy Allaire – jda.eth \/ jdallaire.sol (@jerallaire) February 26, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

As an alternative method for developers to resolve transactions and generate revenue, Circle emphasized that the metaverse game will incorporate the USDC stablecoin and wallet. The metaverse company perceives this as a chance to assist game developers in their migration from Web2 to Web3 platforms.<\/p>\n\n\n\n

Henry Park, chief executive officer of Overdare, conveyed the organization's enthusiasm regarding the collaboration with Circle. The executive commended the regulatory conformance of the stablecoin issuer<\/a> and stated that the partnership would “ensure creators consistent access to their earnings.”<\/p>\n\n\n\n

Jeremy Allaire, co-founder and chief executive officer of Circle, stated that he believed the partnership could help shape the “future of digital entertainment” and cultivate a Web3 environment for all. <\/p>\n\n\n\n

Additionally, Allaire emphasized their enthusiasm for supplying Web3 wallets and USDC payout assistance to Overdare to support the creator economy.<\/p>\n\n\n\n

The most recent Overdare development coincides with a surge in interest in blockchain gaming tokens. The Web3 game Pixel's crypto token approached a valuation of $2.7 billion on February 22, following its listing on the Binance cryptocurrency exchange<\/use><\/svg><\/span><\/a>. At that juncture, the PIXEL token summited at $0.53, representing a gain of over ten times its initial listing price of $0.04.<\/p>\n","protected":false},"excerpt":{"rendered":"

Metaverse platform Overdare and USD Coin issuer Circle have partnered to enable the integration of in-game Web3 wallets and USDC compensation for the creators of Overdare’s gaming content. Circle and Overdare announced a partnership on February 26 to facilitate cryptocurrency compensation for game content creators. Overdare will incorporate the Programmable Wallets service of the stablecoin […]<\/p>\n","protected":false},"author":12,"featured_media":72321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5794],"tags":[7438,1658,18560,1106,6795],"class_list":["post-72315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse-news","tag-metaverse-3","tag-circle","tag-overdare","tag-usdc","tag-web3-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/02\/image-100.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=72315"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/72315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/72321"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=72315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=72315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=72315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}