There democratization of cryptocurrencies is everyone’s business: everyone can or must bring their share of stone to erect the edifice. Thus, aware of challenges of this digital asset in the world of video gamesthe developers of PUBG will launch a project that matches its know-how: a platform of reality virtual, or metaverse, backed by Cosmos which will accept USDC.
In short
- Krafton, the company behind PUBG, is currently working on a metaverse project called “Migaloo”
- Settlus is the name of the bespoke blockchain that Krafton will dedicate to its virtual reality
- A partnership has been established with Circle to promote its USDC crypto in the Settlus metaverse
Krafton wants to propel Circle’s crypto further
USDC is certainly far from beating its rival USDT (you will find an update on this rivalry in this article). But this stablecoin continues to attract the interest of crypto investors. Thus, Circle, its issuer, does not hesitate to shower Arbitrum users with this honeyed-flavored digital asset.
” It’s quite exciting to see a gaming giant with 30M MAU (PUBG: BATTLEGROUND) announce a new effort to implement a payment and settlement layer using USDC on the Cosmos site at Circle Hacker House Korea. »
In information relayed by NCC, we have learned that the developers of PUGB: BATTLEGROUND are in the process of concocting a grandiose Web3 project. It consists of create a tailor-made Cosmos blockchain, named Settluswhich will welcome its new crypto friendly Migaloo metaverse in 2024.
Krafton took advantage of Korea Blockchain Week on September 5 to comment on this novelty. By approaching Cosmos and Circle at the same time, the developer of PUBG or PlayerUnknown’s BattleGrounds takes a big step in the development of the web3 economyincluding in particular cryptocurrencies, in its ecosystem.
Migaloo’s head of activities and operations, Bryan Song, was explicit on the subject. He has clarified on occasion that it is a simultaneous creation of metaverses and blockchain. There is no doubt that this initiative will allow users to better exploit cryptocurrencies, including that of Circle, in the metaverse and on a transparent infrastructure. Copyright earnings will also be part of their benefits.
” Therefore, when a creator produces content within our network, the original digital asset automatically turns into an NFT “, he added.
Crypto USDC, Migaloo’s chosen one
In a post published on MediumAdam McDonald shared a tip to keep cryptos going.
” The survival of cryptocurrencies depends on user adoption. This means that a token or coin is only as good as the use cases it facilitates (with the possible exception of bitcoin, which has taken on the role of a store of value, rather than use cases). ‘use). »
For Settlus, the Cosmos blockchain developed by Krafton, no need to go the beaten path (NFT, game assets, tokenization, etc.). This time, it’s USDC, the crypto issued by Circle, whose scope for the industry is no longer to be discussed.
Thanks to the USD Coin, players can take full advantage of the stability of this digital currency. The USDC is indeed one of the so-called stable cryptocurrencies or “stablecoins”. Far from them the concern of seeing this crypto asset fluctuate suddenly since it is backed by the US dollar like Binance’s FDUSD.
It should also be noted that the USDC, renowned for its transparency, liquidity and compliance with regulatory complianceis beginning to win the hearts of recently blockchain and cryptocurrency oriented corporate executives and institutions.
To successfully integrate this crypto into Settlus, it was necessary to resort to Noble Chain, a protocol belonging to Cosmos. As for its native crypto, ATOM, you will find a rather interesting analysis about it in this article.
In short, the Cosmos ecosystem is gearing up to welcome millions of users when Krafton’s metaverse goes live. Circle and its USDC crypto will also collect additional users. A plus if we take into account the recent initiative of Coinbase to save this stablecoin created jointly.
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