Krafton Enters Web3 with Settlus Blockchain for Creators

Krafton's Bold Move into Web3

Krafton, renowned for its successful game PlayerUnknown's Battlegrounds (PUBG), is expanding into the Web3 space with a new initiative called Settlus. This project is a Cosmos-based blockchain designed specifically for the creator economy, offering a streamlined payment platform for content creators.

Enhancing the Creator Economy

Settlus aims to revolutionize how creators receive payments by introducing a transparent settlement process. This innovative platform targets the growing demand for efficient and clear financial transactions within the creator community, leveraging blockchain technology to meet these needs.

Strategic Announcement

The project was unveiled at the prestigious Korea Blockchain Weeks Circle Hacker House event. This significant announcement underscores Krafton's commitment to integrating cutting-edge blockchain solutions into its operations, aligning with its vision to support and empower content creators globally.

Technical Foundation and Benefits

Utilizing the Cosmos software development kit, Settlus will offer a robust framework for its operations. An important feature is the use of stablecoins to pay network gas fees, ensuring cost-effective and stable transactions. This approach addresses common issues in blockchain payments, providing a reliable and user-friendly experience for creators.

Impact on the Gaming and Creator Industries

Krafton's move into the Web3 domain highlights its dedication to innovation and supporting creators. By tapping into blockchain technology, the company not only enhances its offerings but also sets a precedent for other gaming and tech companies to follow. With a massive user base, Krafton's integration of blockchain could significantly influence both the gaming and creator economies.

Settlus represents a pivotal step for Krafton, showcasing its strategic vision and commitment to leveraging blockchain technology to benefit content creators worldwide.