Overdare, Inc. a joint venture backed by gaming/metaverse industry giants Krafton and Naver Z Corporation, revealed a strategic partnership with Circle Internet Financial, a global financial technology firm and the issuer of USDC, in an announcement on Feb. 26.
TakeAway Points:
- Overdare and Circle entered a strategic partnership on Feb. 26.
- The partnership will reshape the mobile user-generated content (UGC) gaming landscape; enable game content creators to easily create secure in-game Web3 wallets and receive USDC payouts directly on the platform.
- Also, it will birth a user-generated content gaming platform synonymously named Overdare, which intends to go live by the second quarter of 2024.
Overdare and Circle Partnership
According to the announcement, this partnership will reshape the mobile user-generated content (UGC) gaming landscape by leveraging Circle’s Programmable Wallets to develop a user-generated content gaming platform synonymously named Overdare.
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This will further enable game content creators to easily create secure in-game Web3 wallets and receive USDC payouts directly on the platform.
“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.”
Henry Park, CEO of Overdare, stated.
Overdare Studio
Additionally, Overdare, Inc. is launching “Overdare Studio,” a full-featured PC-based creative suite that gives developers cutting-edge tools to customize and build game experiences on the platform.
Furthermore, Overdare, Inc. hopes to transform IP and income management for creators by utilizing Circle’s Programmable Wallets for IP trading and USDC revenue payouts.
“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. We believe this partnership will be a catalyst in shaping the future of digital entertainment, ultimately fostering an innovative Web3 environment for all.”
Jeremy Allaire, CEO and co-founder of Circle, said.
However, the Overdare platform is expected to be launched in the second half of 2024.
