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Review of Shardbound, Animoca's $20M raise, and PUBG devs' Web3 project on Web3 Gamer

Review of Shardbound, Animoca’s $20M raise, and PUBG devs’ Web3 project on Web3 Gamer

Rewrite: PUBG Meets Cosmos in Settlus: Krafton Ventures into Web3

Krafton, the company behind the popular game PlayerUnknown’s Battlegrounds (PUBG), is entering the world of Web3 with its new project called Settlus. Settlus is a blockchain-based platform built on the Cosmos network, specifically designed for content creators in the creator economy. The goal of Settlus is to provide a transparent and streamlined payment platform for content creators, making it easier for them to receive payments for their work.

The announcement of Settlus was made at the Korea Blockchain Week’s Circle Hacker House event, where Circle CEO Jeremy Allaire highlighted the large user base of PUBG, with 30 million monthly active users. This move by Krafton shows their commitment to exploring new opportunities in the Web3 space.

Settlus will be built using Cosmos’ software development kit as the framework, and network gas fees will be payable using stablecoins. Additionally, Krafton is also working on another project called Migaloo, which focuses on user-generated content and allows creators to create nonfungible tokens (NFTs) of their digital content and earn royalties from platform sales.

It’s worth noting that Krafton previously announced a collaboration with Solana Labs in March 2022 to support blockchain-based games and services, but no Web3 products have been released yet. The testnet for Settlus is scheduled to launch in early 2024.

Overall, this move by Krafton into the Web3 space shows the growing interest and potential of blockchain technology in the gaming industry. Settlus aims to provide a more transparent and efficient payment platform for content creators, while Migaloo focuses on empowering creators through NFTs. With these projects, Krafton is positioning itself at the forefront of the creator economy in the Web3 era.

Summary:

– Krafton, the company behind PUBG, is venturing into Web3 with Settlus, a blockchain project for content creators.

– Settlus aims to provide a transparent payment platform for creators using the Cosmos network.

– Krafton also has a project called Migaloo, which focuses on user-generated content and NFTs.

– The testnet for Settlus is scheduled to launch in early 2024.

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