Krafton Ventures into Blockchain with Settlus on Cosmos Platform
Krafton, the renowned South Korean video game company behind PUBG: Battlegrounds, is venturing into the blockchain realm with Settlus. This blockchain, built on the Cosmos platform, aims to streamline transparent settlement processes for content creators.
Testnet Launch Planned for 2024
Settlus is set to launch its testnet in early 2024, offering a glimpse into its capabilities and potential benefits.
Krafton’s Blockchain Plans Revealed by Industry Insiders
Industry insiders, such as Josh Lee, the founder of Cosmos-based DEX Osmosis, have revealed that Krafton is preparing to introduce its own blockchain chain. This confirms the company’s foray into the blockchain space.
Cosmos-based App-Chain Noble Confirms Krafton’s Blockchain Development
Noble, a Cosmos-based app-chain, has further confirmed Krafton’s blockchain development plans through its co-founder, ‘Jelena.’ This adds credibility to Krafton’s entrance into the blockchain industry.
Krafton’s App Chain on Cosmos to Utilize Circle’s USDC Stablecoin
Krafton plans to build an app chain on the Cosmos platform and intends to use Circle’s USDC stablecoin as the primary currency for settlements with content creators. This choice of stablecoin aims to ensure stability and efficiency in the settlement process.
Krafton’s Collaboration with Solana Labs and Future Plans
In March 2022, Krafton announced a collaboration with Solana Labs to focus on the development and operation of blockchain and NFT-based games and services. However, no products have been launched yet, leaving room for potential future developments.
Cosmos Network: Empowering Decentralized Communication
The Cosmos Network is a decentralized network of independent, scalable, and interoperable blockchains. It enables direct communication between distributed ledgers without relying on a centralized server, promoting a more inclusive and efficient blockchain ecosystem.
Enhancing the Cosmos Ecosystem with IBC-Enabled EVM Rollup
In April of this year, blockchain scaling startup Dymension collaborated with Evmos Core Teams and Celestia to roll out the world’s first IBC-enabled EVM rollup on the Cosmos testnet. This development aims to enhance the capabilities and scalability of the Cosmos ecosystem, opening doors to new possibilities.
Hot Take: Krafton Enters the Blockchain Game
Krafton’s entry into the blockchain realm with Settlus on the Cosmos platform showcases the growing interest of established companies in leveraging blockchain technology. By streamlining settlement processes for content creators, Krafton aims to empower transparency and efficiency in the industry. While there have been previous collaborations and announcements, Settlus marks Krafton’s tangible step into the blockchain world. This move has the potential to disrupt traditional settlement systems and foster innovation in the gaming and content creation sectors. As more companies explore blockchain solutions, the industry is poised for exciting advancements and transformative opportunities.
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