PUBG Creator Krafton to Launch Cosmos-Based Chain to Boost Creator Economy

Krafton, the creator of the popular game PUBG, has announced its plans to launch a new blockchain-based platform to enhance the creator economy. The new platform, which will be built on the Cosmos network, aims to provide a decentralized ecosystem for game developers, designers, and content creators to monetize their creations and connect with a wider audience. By utilizing blockchain technology, Krafton aims to revolutionize the way content creators are rewarded and empower them with more control over their intellectual property. This move is expected to significantly impact the gaming industry and offer new opportunities for the creator community.

Krafton, a prominent South Korean video game company known for games like PUBG: Battlegrounds, is venturing into the world of blockchain with its latest project, Settlus. Settlus is a blockchain built on the Cosmos platform that aims to streamline transparent settlement processes for content creators. The testnet for Settlus is expected to launch in early 2024.

The news of Krafton’s entry into the blockchain space was first revealed by Josh Lee, the founder of Cosmos-based DEX Osmosis, on September 4. This information was later confirmed by Jelena, the co-founder of Noble, a Cosmos-based app-chain. Jelena added that Krafton is building an app chain on Cosmos and intends to use Circle’s USDC stablecoin as the primary currency for settlements with content creators.

This move by Krafton comes after its earlier collaboration with Solana Labs, where the company announced its focus on the development and operation of blockchain and NFT-based games and services. However, since that announcement, Krafton has not launched any products related to blockchain.

It is worth noting that Krafton’s partnership with Solana was a memorandum of understanding, which means that the company has the option to discontinue the partnership without any legal consequences.

The Cosmos Network, on which Settlus is being built, is a decentralized network of independent, scalable, and interoperable blockchains. Its main objective is to enable communication between distributed ledgers without the need for a centralized server.

In April this year, Dymension, a blockchain scaling startup, introduced the world’s first IBC-enabled EVM rollup on testnet in collaboration with Evmos Core Teams and Celestia. This development aimed to enhance the Cosmos ecosystem.

In conclusion, Krafton’s venture into blockchain with Settlus shows the company’s commitment to leveraging the technology for transparent settlement processes in the gaming industry. As the testnet launch approaches, it will be interesting to see how Settlus performs and its impact on content creators within the gaming community.

Title 1: Krafton Explores the Blockchain Realm with Settlus, a Cosmos-Based Solution for Content Creators

Title 2: Settlus: Krafton’s Foray into Blockchain to Revolutionize Settlement Processes for Content Creators

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