Video Game Company Krafton Unveils Cosmos-based Settlement System

• Video game company Krafton will be launching Settlus, a Cosmos-based chain.
• The new venture is designed to provide creators with a transparent settlement system.
• Krafton is the developer behind PUBG, the popular shooter game.

According to the latest reports from Wu Blockchain, Josh Lee, the founder of Osmosis, recently announced that South Korean video game holding company Krafton will be launching Settlus, a Cosmos-based chain designed to provide creators with a transparent settlement system.

the company behind @PUBG (Krafton) announced they're launching a cosmos chain.https://t.co/ItSnDiEhag

— josh lee (@dogemos) September 4, 2023

As per reports, the testnet for Settlus will be launched in early 2024. Krafton announced the creation of a blockchain game on Solana back in March 2022 but has not launched any products since then.

Settlus, from the details on the website, claims to be a purpose-built blockchain that offers a transparent settlement system for creators. Features mentioned on the site include using NFT for royalty rights, on-demand payout through transaction records, gas fee as stablecoins, and bridgeless NFT interoperability. 

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