Creator of PUBG Krafton will launch a Cosmos-Based Chain to boost creator economies

Krafton, a prominent South Korean video game company known for titles such as PUBG: Battlegrounds, is entering the blockchain space with Settlus, a blockchain built on the Cosmos platform that is specifically designed to streamline transparent settlement processes for content creators. According to the website, the testnet is slated for launch in early 2024.

• The founder of Cosmos-based DEX Osmosis, Josh Lee, revealed on September 4 that Krafton is about to launch a blockchain chain.

• The co-founder of Cosmos-based app-chain Noble, Jelene, confirmed the development.

• According to Krafton’s exec, the company plans to use Circle’s USDC stablecoin as the primary currency for creator settlements on Cosmos.

• Krafton announced a collaboration with Solana Labs in March 2022, stating that it would focus on the “development and operation of blockchain and NFT-based games and services.”

• However, the video game creator has not released any products since that announcement.

• Furthermore, Krafton’s agreement with Solana was stated to be a memorandum of understanding (MOU), implying that the firm retains the opportunity to terminate the partnership without legal ramifications.

• The Cosmos Network is a decentralized network of autonomous, scalable, and interoperable blockchains designed to allow distributed ledgers to communicate without relying on a centralized server.

• In an effort to improve the Cosmos ecosystem, blockchain scaling firm Dimension released the world’s first IBC-enabled EVM rollup on testnet in April this year in partnership with Evmos Core Teams and Celestia.

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