WEB3
by BSC News
September 5, 2023
The testnet for Settlus is expected to debut in early 2024, marking a significant step towards blockchain adoption in the creator economy.
South Korean video game giant Krafton, known for titles like PUBG: Battlegrounds, is entering the blockchain space with Settlus, a Cosmos-based blockchain designed to facilitate transparent settlements for content creators.
Josh Lee, the founder of Osmosis, recently announced that Krafton will launch the Cosmos-based chain.
Settlus, as described on its official website, is a blockchain purpose-built for the creator economy. It offers features such as using NFTs for royalty rights, on-demand payouts through transparent transaction records, stablecoin-based gas fees, and bridgeless NFT interoperability.
While Krafton announced its blockchain gaming venture on Solana in March 2022, no products have been launched yet. Settlus is set to launch its testnet in early 2024, marking another step towards integrating the rapidly growing creator economy with blockchain technology.
The rise of the creator economy, encompassing content creators in various media, is gaining momentum. By 2023, over 50 million individuals are expected to identify as content creators. According to Goldman Sachs, this growing industry is predicted to grow to $480 billion by 2027, up from $250 billion currently.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
Latest News
May 16, 2024
French Regulator Hints at Legal Action Against Bybit, Citing Illegal Operations
May 16, 2024
What is MakerDAO’s Upcoming PureDai and NewStable?
May 16, 2024
Morgan Stanley Reports $270M Bitcoin ETF Investment in Grayscale’s GBTC
May 16, 2024
What is pSTAKE Finance?
May 15, 2024
Sonne Finance Hacked for $20M, Markets Paused on Optimism Network
May 15, 2024
Bitget Wallet Launches Bitget Onchain Layer and $10M $BWB Ecosystem Fund
May 14, 2024
Gamestop Parody Memecoin Crosses $100M Market Cap: What is $GME?
May 14, 2024
What is Maneki Memecoin?
More News