WEB3

PUBG Developer Krafton Ventures Into Cosmos With Settlus Blockchain for Content Creators

The testnet for Settlus is expected to debut in early 2024, marking a significant step towards blockchain adoption in the creator economy.

BSCN

September 5, 2023

Krafton Enters Blockchain Space

South Korean video game giant Krafton, known for titles like PUBG: Battlegrounds, is entering the blockchain space with Settlus, a Cosmos-based blockchain designed to facilitate transparent settlements for content creators.

Josh Lee, the founder of Osmosis, recently announced that Krafton will launch the Cosmos-based chain.

Settlus, as described on its official website, is a blockchain purpose-built for the creator economy. It offers features such as using NFTs for royalty rights, on-demand payouts through transparent transaction records, stablecoin-based gas fees, and bridgeless NFT interoperability.

While Krafton announced its blockchain gaming venture on Solana in March 2022, no products have been launched yet. Settlus is set to launch its testnet in early 2024, marking another step towards integrating the rapidly growing creator economy with blockchain technology.

The rise of the creator economy, encompassing content creators in various media, is gaining momentum. By 2023, over 50 million individuals are expected to identify as content creators. According to Goldman Sachs, this growing industry is predicted to grow to $480 billion by 2027, up from $250 billion currently.

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].