Circle Extends Programmable USDC Wallets to the Metaverse

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DailyCoin2024/02/27 22:04

By:DailyCoin

Circle has announced its latest strategic partnership.
The partnership aims to revolutionize the creator economy.
Users can leverage Circle’s programmable Web3 wallets in the Metaverse.

USDC stablecoin issuer Circle announced on Monday a strategic partnership with Overdare to bring programmable Web3 wallets to the Metaverse .

Backed by gaming industry heavyweights like KRAFTON and NAVER Z Corporation, Overdare is a Web3 platform with advanced AI-generative tools and features to enable gamers and creators to interact with immersive virtual world experiences.

Overdare Taps Circle’s Programmable Web3 Wallet

According to a press release dated February 26, the collaboration aims to reshape Overdare’s user-generated content (UGC) gaming landscape by leveraging Circle’s Web3 wallet to enable users to receive USDC payouts directly on the platform.

“OVERDARE, Inc. seeks to revolutionize IP and income management for creators by implementing Circle's Programmable Wallets for IP trading and USDC revenue payouts. This solution is designed to ease the transition of creators from traditional Web2 platforms into Web3,” the statement read.

As a further boost to the creator economy, the partnership will integrate USDC with Overdare as an alternate means for creators to generate revenue and settle transactions near-instantly.

“This enables creators worldwide to benefit from reduced settlement fees and the convenience of near-instant 24/7 payment processing, empowering them to access earnings on demand,” Overdare wrote.

Circle CEO and co-founder Jeremy Allaire lauded the partnership, noting that it placed the company at the forefront of empowering the creator economy globally, “ultimately fostering an innovative Web3 environment for all.”

The Overdare platform is set to be launched in the second half of the year.

Does Circle pulling USDC from Tron affect you? Find out in this article:
Here’s What Circle Pulling USDC from Tron Means for You

Read why Solana’s stablecoin volumes may not be fully genuine:
Solana Stablecoins Volumes Are Not Fully Genuine. Here’s Why

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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