South Korean gaming giant Krafton is making a bold move into the metaverse gaming space with its newly announced title Overdare. Promising robust NFT integration and a sprawling virtual world, Overdare poses stiff competition to leading platforms like Roblox.
Originally code-named Project Mighaloo, Overdare represents Krafton’s deepening push into blockchain technology and the burgeoning play-to-earn genre. The PUBG creators are leveraging their gaming expertise to craft an immersive user-generated content metaverse.
Overdare Built Using Krafton’s Settlus Blockchain
At Overdare’s core is Settlus, Krafton’s proprietary Ethereum-based blockchain. By building on Settlus, Krafton aims to address common issues in Web3 gaming like scalability and high gas fees. Settlus will power Overdare’s economy and facilitate the minting and trading of in-game NFT assets. Players can potentially earn income through Overdare’s create-to-earn model.
Krafton has not yet provided extensive details on Settlus’ structure and capabilities. However, the gaming giant made its ambitions clear, stating Settlus will “provide a new model for the industry.”
Creative Tools Enable Custom Games and Avatars
Overdare, built using Unreal Engine 5, will launch first on mobile devices in 2023. The defining feature is robust user generation tools.
Using AI-assisted creation features, players can build custom games spanning genres like RPGs, platformers, shooters, and more. Avatars are also completely customizable across appearance, clothing, accessories, and personalities.
This level of user creativity aligns with metaverse pillars like decentralized control and boundless immersion. By putting game design power in players’ hands, Overdare hopes to foster deep engagement.
Trailer Showcases Vivid Art Style and Key Features
The announcement trailer provides a snapshot of Overdare’s vibrant interactive world. Stylized avatar characters are shown socializing, designing games, attending concerts, and showcasing their creativity.
The trailer depicts a blockchain-rooted economy, with glimpses of NFT purchases and tokenized custom creations. Settlus integration will enable genuinely owned and traded digital assets.
Overdare Opts for USDC Over Volatile Token for Payments
Unlike most play-to-earn games which utilize a proprietary governance token, Overdare will transact using USD Coin (USDC). USDC’s value remaining pegged to the U.S. dollar provides stability compared to volatile crypto tokens. This allows players to reliably earn income from their creations and contributions.
However, some key questions around Overdare’s economic structure remain unanswered. Krafton has hinted at an upcoming NFT licensing system but has not provided details yet.
Krafton Collaborating with AR Specialist Naver Z
Rather than developing Overdare solely in-house, Krafton is collaborating with Naver Z. This startup focuses on 3D avatars and virtual influencers.
Krafton holds an 85% controlling share in the project, while Naver Z retains 15% ownership. Combining strengths in gaming and AR technology, the partners aim to raise the metaverse experience bar.
Overdare Sets Stage for Krafton’s Blockchain Future
The launch of Overdare signals Krafton’s intent to be a major player in blockchain gaming. Leveraging their gaming development proficiency and launching an Ethereum-based blockchain displays ambition. If Overdare gains traction among gamers and NFT enthusiasts, it could provide a huge value boost to Settlus. Krafton is betting big that the future of gaming lies in user-created metaverse experiences underpinned by blockchain economies.
While established platforms like The Sandbox and Decentraland currently dominate open metaverses, Overdare’s polished design and Krafton’s resources give it a fighting chance. The next few months will reveal more details about Overdare’s structure, features, and monetization plans.
This information is published by the NFT News media team.
