Krafton, the company behind PlayerUnknown’s Battlegrounds (PUBG), is venturing into Web3 with Settlus, a Cosmos-based blockchain project specifically designed for the creator economy. Settlus aims to provide content creators with a payment platform that streamlines transparent settlement processes.
The South Korean gaming giant’s project was announced at the Korea Blockchain Week’s Circle Hacker House event, co-presented by Circle and AngelHack. Circle CEO Jeremy Allaire highlighted PUBG’s large user base of 30 million monthly active users.
Cosmos’ software development kit will serve as the framework, and network gas fees will be payable using stablecoins.
A metaverse project by the name of Migaloo is also in the works. The project will center around user-generated content, allowing creators to automatically create nonfungible tokens of their digital content and earn royalties from platform sales.
Krafton previously announced a collaboration with Solana Labs in March 2022 to “support the design and marketing of blockchain-based games and services,” but no Web3 products have been released since. Settlus’ testnet is scheduled to launch in early 2024.

