{"id":84035,"date":"2023-09-05T18:05:04","date_gmt":"2023-09-05T15:05:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=84035"},"modified":"2025-09-12T14:56:52","modified_gmt":"2025-09-12T11:56:52","slug":"pubg-developer-to-launch-its-own-blockchain-on-the-cosmos-platform","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/pubg-developer-to-launch-its-own-blockchain-on-the-cosmos-platform\/","title":{"rendered":"PUBG developer to launch its own blockchain on the Cosmos platform"},"content":{"rendered":"<p>South Korean company Krafton, which develops and distributes online video games, will launch the Settlus network based on <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cosmos-atom\">Cosmos<\/a>. This was reported by Josh Lee, co-founder of DEX Osmosis.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/fQUI5GIZ92mZehQPB5ee7TJoAU49kRfwV7ARVqQcxvfs-aQjE-i0G6-957rhfpRFL1y0O3qzAozwB-0rSP81bHLIo2NWtCLjuWqqQoWTW3BPZe_EMISaa8btXfWpMyklkzOxZqOVZMQq2Dh5bFvv45A\" alt=\"PUBG developer to launch own blockchain on Cosmos platform\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/twitter.com\/dogemos\/status\/1698707927136424321\">X<\/a>.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abThis is a deliberately created blockchain designed to ensure a transparent settlement system in the creator economy,\u00bb according to the project&#8217;s website.<\/p>\n<\/blockquote>\n<p>According to the developers, the solution is intended to merge Web 2.0 with <a href=\"https:\/\/forklog.com\/en\/news\/what-is-web3\">Web3<\/a>. They believe such an integration will bring significant innovations to the existing Internet industry.<\/p>\n<p>The protocol&#8217;s testnet is planned for early 2024.<\/p>\n<p>Among the features of the future network are:<\/p>\n<ul class=\"wp-block-list\">\n<li>modular architecture;<\/li>\n<li>on-demand payouts via transaction records;<\/li>\n<li>gasless compatibility with <a href=\"https:\/\/forklog.com\/en\/news\/what-are-nfts\">non-fungible tokens<\/a>;<\/li>\n<li>use of <span data-descr=\"non-fungible tokens\" class=\"old_tooltip\">NFT<\/span> to receive royalties;<\/li>\n<li>gas payments in <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a>.<\/li>\n<\/ul>\n<p>The company named Migaloo the first potential project on the new blockchain. The firm <a href=\"https:\/\/press.krafton.com\/KRAFTON-TO-LAUNCH-A-CREATOR-FOCUSED-METAVERSE-IN-2023-UNDER-NEW-JOINT-\">\u0430\u043d\u043e\u043d\u0441\u0438\u0440\u043e\u0432\u0430\u043b\u0430<\/a> creation of a virtual world in April 2023, investing about $36.8 million in development.<\/p>\n<p>Krafton&#8217;s first-quarter revenue amounted to <a href=\"https:\/\/www.krafton.com\/en\/news\/press\/krafton-inc-reports-record-538-7-billion-krw-407-8-million-usd-in-sales-during-q1-2023\/\">$407,8 \u043c\u043b\u043d<\/a>. The company&#8217;s flagship application \u2014 PUBG: Battlegrounds \u2014 accounted for 33% of the total.<\/p>\n<p>Earlier, in March 2022, the company <a href=\"https:\/\/forklog.com\/en\/news\/pubg-developer-to-build-nft-based-games-with-solana-labs\">entered into a partnership<\/a> with Solana Labs to build and promote blockchain games.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korean company Krafton, which develops and distributes online video games, will launch the Settlus network based on Cosmos. This was reported by Josh Lee, co-founder of DEX Osmosis.<\/p>\n","protected":false},"author":1,"featured_media":84036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Krafton to launch Settlus on Cosmos to bridge Web 2.0 and Web3; testnet slated for early 2024.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1226,1173,1155],"class_list":["post-84035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-projects","tag-cosmos-atom","tag-games-and-gamefi"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"Krafton to launch Settlus on Cosmos to bridge Web 2.0 and Web3; testnet slated for early 2024.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=84035"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84035\/revisions"}],"predecessor-version":[{"id":84037,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84035\/revisions\/84037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/84036"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=84035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=84035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=84035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}