Crypto News
| Published On Sep 16, 2023 8:21 am CEST | By Peter Siu

Overdare Rises as PUBG Creator Krafton’s Newest NFT Game Venture

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Krafton Inc., renowned for its global hit PUBG, has taken a decisive step into the future of gaming with the announcement of Overdare. In collaboration with Naver Z, a metaverse division of South Korea’s leading portal company, Naver Corp., Overdare is not just a game but an expansive platform with profound ambitions.

Set to be unveiled this December, Overdare represents a new frontier in mobile-centric user-generated content (UGC). Comparable to the dynamics of Roblox, it offers players the ability to craft various games spanning genres from action role-playing to shooting, all within an interactive metaverse. Powered by Epic Games’ Unreal Engine 5 and Krafton’s proprietary Settlus blockchain, it guarantees an immersive user experience.

The name “Overdare” isn’t a mere title but a representation of the venture’s essence. Echoing the spirit of recklessness, boldness, and venturing into uncharted territories, it’s a nod to the pioneers and innovators. Its phonetic resonance with “over there” further underlines this journey into the next realm of gaming.

Users diving into Overdare’s world will discover an array of AI-powered tools aiding in game design. From enjoying user-generated games, attending virtual concerts, to avatar personalization, the platform promises an extensive realm of possibilities. Community and social interaction are also at its core, with features like avatar customization and chat functions enhancing the overall experience.

Financially, Krafton and Naver Z have vested heavily in Overdare. The partners have poured in 48 billion won (around $36.1 million), symbolizing their robust faith in the project’s potential. While Krafton holds an 85% ownership, Naver Z, known for its expertise from managing the Zepeto metaverse platform, retains 15%.

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But it’s not just about play. Overdare introduces an innovative “create-to-earn” system, allowing content creators to monetize their digital works. Leveraging the power of NFTs and blockchain technology, these transactions promise transparency and security. Moreover, the integration with Settlus blockchain ensures that earnings can be smoothly translated into the USDC, a stablecoin backed by U.S. giants like Coinbase and Circle, in association with Cosmos.

The countdown to December has begun. As Overdare prepares for its grand entrance, the gaming world watches with bated breath, eager to witness this recklessly ambitious venture’s impact.

Peter Siu

Peter is a former poker-pro, turned crypto enthusiast with 8+ years’ experience in operational roles dealing with all online gaming verticals within large iGaming companies, including Flutter and Entain. Now an expert in the field of Sports Betting, Casino, iGaming, and Poker, he is our team leader and editor. When not working, Peter can be found in the gym or playing sports like football, tennis and more recently padel.