OVERDARE Partners with Circle Internet Financial to Revolutionize Mobile User-Generated Gaming
In a groundbreaking move set to redefine the landscape of mobile user-generated content (UGC) gaming, OVERDARE, Inc., a joint venture supported by industry giants KRAFTON, Inc. and NAVER Z Corporation, has announced a strategic partnership with Circle Internet Financial.
Circle is a global financial technology firm and the issuer of USDC, the world’s largest regulated US dollar-backed stablecoin.
The collaboration aims to transform the mobile gaming experience by harnessing Circle’s Programmable Wallets, enabling game content creators to seamlessly create secure in-game Web3 wallets and receive USDC payouts directly on the platform.
This initiative marks a significant shift in the gaming industry towards incorporating blockchain technology and decentralized finance solutions.
At the core of this partnership is the UGC mobile gaming platform developed by OVERDARE, Inc., also known as OVERDARE.
Equipped with advanced AI-generative tools and features, the platform promises an immersive experience tailored to both gamers and creators.
Additionally, OVERDARE introduces the ‘OVERDARE Studio,’ a comprehensive PC-based creative suite offering innovative tools for crafting and personalizing gaming experiences within the platform.
To bolster the creator-centric ecosystem, OVERDARE integrates the Settlus network, facilitating streamlined interactive content licensing on the blockchain.
We are excited to announce our strategic partnership with OVERDARE to revolutionize the mobile gaming world.
— Circle (@circle) February 26, 2024
By integrating #USDC payouts and our Programmable Wallets for OVERDARE’s game content creators, we are making it easier for game content creators to collaborate and… pic.twitter.com/U1zmT9uOYo
This integration simplifies asset ownership verification, licensing, and monetization processes, laying the groundwork for a transparent and scalable revenue distribution model for creators.
Moreover, OVERDARE, Inc. aims to revolutionize intellectual property (IP) and income management for creators by implementing Circle’s Programmable Wallets for IP trading and USDC revenue payouts.
This solution streamlines the transition of creators from traditional Web2 platforms to Web3, prioritizing user-friendly asset management and secure transactions, thereby unlocking new opportunities in the growing metaverse and gaming sectors.
As part of its commitment to empowering creators, OVERDARE has integrated USDC as an alternate means for creators worldwide to generate revenue and settle transactions.
This integration offers reduced settlement fees and near-instant 24/7 payment processing, granting creators on-demand access to their earnings.
Henry Park, CEO of OVERDARE, stated, “We’re excited to unveil our partnership with Circle, a company distinguished by its regulatory compliance and trustworthiness. Their robust support ensures that we are able to support the creator economy, and guarantee creators reliable access to their earnings.”
“Circle is excited to be at the forefront of this pioneering venture with OVERDARE to empower the creator economy through the provision of secure Web3 wallets and near-instant USDC payouts on a global scale,” said Jeremy Allaire, CEO and co-founder of Circle. “We believe this partnership will be a catalyst in shaping the future of digital entertainment, ultimately fostering an innovative Web3 environment for all.”
The global launch of the OVERDARE platform is scheduled for the second half of 2024, with further details and announcements to be shared on OVERDARE’s social media channels closer to the launch date.
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