Krafton Debuts a Cosmos-Based Settlus Blockchain for USDC Settlements
References: krafton & decrypt.co
Krafton, the game developers behind PUBG: Battlegrounds, have announced that they are working on a new blockchain project using the Cosmos SDK. The new project, backed by Circle and AngelHack, will utilize the Cosmos Software Development Kit to help build a blockchain that is interoperable with other blockchains created in the same fashion.
Settlus, the emerging layer-1 blockchain, is positioned as a revolutionary platform dedicated to facilitating payment settlements and fostering innovation within the metaverse space. Users will be able to pay for gas fees using stablecoins, a cryptocurrency commonly used as a store of value. In its initial stages, Settlus is set to facilitate payment settlements for content creators by leveraging Circle's reputable stablecoin, USDC.
Image Credit: Krafton
Settlus, the emerging layer-1 blockchain, is positioned as a revolutionary platform dedicated to facilitating payment settlements and fostering innovation within the metaverse space. Users will be able to pay for gas fees using stablecoins, a cryptocurrency commonly used as a store of value. In its initial stages, Settlus is set to facilitate payment settlements for content creators by leveraging Circle's reputable stablecoin, USDC.
Image Credit: Krafton
Trend Themes
1. Interoperable Blockchain - The use of the Cosmos SDK in building a blockchain that is interoperable with other blockchains presents disruptive innovation opportunities for seamless data exchange between various blockchain networks.
2. Payment Settlements in Metaverse - The emergence of Settlus enables disruptive innovation in facilitating payment settlements within the metaverse space, opening up new opportunities for seamless transactions and enhanced user experiences.
3. Stablecoin Integration - The integration of stablecoins, such as USDC, in Settlus presents disruptive innovation opportunities for frictionless payment settlements by utilizing widely adopted store of value cryptocurrencies.
Industry Implications
1. Gaming - The use of layer-1 blockchain platforms like Settlus in gaming industry offers disruptive innovation opportunities for secure and transparent in-game currency transactions.
2. Financial Technology - The integration of stablecoins and blockchain technology in Settlus provides disruptive innovation opportunities for efficient payment settlements and financial transactions in the fintech industry.
3. Content Creation - Settlus' payment settlement capabilities for content creators bring disruptive innovation opportunities for fair compensation and seamless transactions within the content creation industry.
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