PUBG Creator Krafton to Launch Cosmos-Based Chain to Boost Creator Economy

Krafton, the prominent South Korean video game company renowned for games such as PUBG: Battlegrounds, is making its foray into the blockchain realm with Settlus. Built on the Cosmos platform, Settlus is a blockchain specifically designed to streamline transparent settlement processes for content creators.

According to the website, the testnet is slated for launch in early 2024.

• Josh Lee, the founder of Cosmos-based DEX Osmosis, was the first to reveal on September 4 that Krafton is gearing up to introduce a blockchain chain.
• The development was further confirmed by Cosmos-based app-chain called Noble’s co-founder ‘Jelena.’
• The exec added that Krafton is reportedly building an app chain on Cosmos and plans to use Circle’s USDC stablecoin as the primary currency for creator settlements.
• In March 2022, Krafton disclosed a collaboration with Solana Labs and said it would focus on the “development and operation of blockchain and NFT-based games and services.”
• However, no products have been launched by the video game developer since that announcement.
• Besides, Krafton’s partnership with Solana was reported to be a memorandum of understanding (MOU), indicating that the company retains the option to discontinue the partnership without facing any legal consequences.
• The Cosmos Network is a decentralized network of independent, scalable, and interoperable blockchains developed to enable communication between distributed ledgers without relying on a centralized server.
• In April this year, blockchain scaling startup Dymension rolled out the world’s first IBC-enabled EVM rollup on testnet in collaboration with Evmos Core Teams and Celestia in a bid to enhance the Cosmos ecosystem.