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Stablecoin issuer Circle has teamed up with Krafton-backed Overdare to expand the use cases of programmable USDC wallets.
In a <a href="https://www.circle.com/en/pressroom/overdare-and-circle-to-forge-new-frontiers-in-mobile-gaming-and-web3" target="_blank" rel="noopener noreferrer nofollow">blog announcement</a> on Feb. 26, <a href="https://crypto.news/tag/circle/" target="_blank" rel="noopener noreferrer nofollow">Circle</a> unveiled a strategic partnership with Overdare, a <a href="https://crypto.news/tag/metaverse/" target="_blank" rel="noopener noreferrer nofollow">metaverse</a> venture set up by game publisher Krafton and Naver Z, to double down on the mobile user-generated content.
Under the partnership agreement, Circle will integrate its programmable wallets, a wallet-as-a-service solution, into Overdare to allow game content creators to receive <a href="https://crypto.news/tag/usdc/" target="_blank" rel="noopener noreferrer nofollow">USDC</a> payouts directly through the platform.
<blockquote class="wp-block-quote">
 “We believe this partnership will be a catalyst in shaping the future of digital entertainment, ultimately fostering an innovative Web3 environment for all.”
 Circle CEO Jeremy Allaire
</blockquote>
You might also like: <a href="https://crypto.news/pubg-developer-krafton-teases-metaverse-video-game-overdare/" rel="noopener noreferrer nofollow"> PUBG developer Krafton teases metaverse video game Overdare </a>
The announcement says that with Circle’s programmable wallets, Overdare wants to ensure transparent revenue distribution across various platforms. As a result, Overdare plans to implement the technology for IP trading and USDC revenue payouts, simplifying asset management for creators transitioning to web3 platforms. Although specific dates remain undisclosed, the worldwide debut of the Overdare platform is slated for the second half of 2024.
Unveiled in September 2023, Overdare is a non-fungible token (<a href="https://crypto.news/tag/nft/" target="_blank" rel="noopener noreferrer nofollow">NFT</a>) mobile game enabling user-generated content akin to Roblox. Utilizing Unreal Engine 5, the game boasts artificial intelligence (AI) tools for content creation, with specific details yet to be disclosed.
Read more: <a href="https://crypto.news/usdc-launches-on-celo-blockchain-celo-price-jumps-9/" rel="noopener noreferrer nofollow"> USDC launches on Celo blockchain, CELO price jumps 9% </a>

Circle partners with Overdare to bring programmable USDC wallets to metaverse

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