Krafton, the company behind popular gaming title PlayerUnknown’s Battlegrounds (PUBG), has announced its entry into the Web3 space with a new project called Settlus. Settlus is a blockchain project built on the Cosmos network and is specifically designed for the creator economy. The project aims to provide content creators with a payment platform that simplifies transparent settlement processes.
The announcement was made at the Korea Blockchain Week’s Circle Hacker House event, co-presented by Circle and AngelHack. During the event, Circle CEO Jeremy Allaire highlighted PUBG’s large user base of 30 million monthly active users. Settlus will utilize Cosmos’ software development kit as the framework, and network gas fees will be payable using stablecoins. Additionally, Krafton is also working on a metaverse project called Migaloo, which will focus on user-generated content and enable creators to earn royalties from platform sales through the creation of nonfungible tokens (NFTs) for their digital content.
This is not Krafton’s first venture into the blockchain space. In March 2022, the company announced a collaboration with Solana Labs to support the design and marketing of blockchain-based games and services. However, no Web3 products have been released since the announcement.
Settlus’ testnet is set to launch in early 2024, marking Krafton’s official foray into the Web3 space. The company’s move reflects the growing interest and recognition of blockchain technology’s potential in the gaming industry.
The article then goes on to discuss the ongoing debate between Web3 games and traditional gaming in terms of monetization. Web3 games are often marketed towards investors and financiers, offering monetary gain in exchange for their time and participation. Traditional gaming, on the other hand, generates revenue primarily through cosmetic sales, in-game purchases, and other monetization tactics. The article argues that both traditional and Web3 games have their own ways of monetization and that the solution lies in creating better games rather than focusing solely on cash flow.
Furthermore, the article highlights a recent funding round by Animoca Brands, which raised $20 million for its Mocaverse project. The project aims to develop an ID system for Web3 gaming, enabling users to create on-chain identities and participate in the Mocaverse. The funding round was led by CMCC Global and also featured familiar names in the gaming industry.
The article concludes with a discussion on Shardbound, a Web3 game developed by Bazooka Tango, the team behind popular titles such as Vainglory. Shardbound is a turn-based tactical collectible card game played on a tile-based isometric map. It offers a fresh approach to the genre with its 3D hex map and unique movement mechanics. The game has received positive feedback from players and is seen as a promising addition to the Web3 gaming space.
Overall, the article discusses the expanding presence of gaming companies in the Web3 space and the various developments and projects taking place. It highlights the potential of blockchain technology in the gaming industry and explores the monetization strategies employed by both traditional and Web3 games.
Source link