Circle collaborates with Overdare to build a metaverse platform

ChainCatcher news, according to The Block, Circle Internet Financial announced a partnership with the joint venture Overdare, established in collaboration with South Korean gaming and metaverse giants Krafton and Naver Z Corporation, aimed at building a large-scale metaverse platform similar to Roblox.

The platform will utilize Circle's programmable wallet, enabling users to receive USDC payments. The Overdare platform is expected to launch in the second half of 2024, offering AI-generated tools and planning to integrate the Cosmos-based Layer 1 blockchain Settlus to establish a revenue distribution model for creators.