Forte, a blockchain-based gaming platform and Ripple’s Xpring have announced a $100 million fund to accelerate the use of blockchain in games.
Forte is a provider of blockchain-based platform technology for the games industry and Xpring is ripple’s ecosystem initiative have set up the fund to help game developers. The fund will operate alongside Forte’s platform technologies and include open-source solutions designed in collaboration with Ripple to accelerate the mainstream adoption of blockchain technology in gaming.
Blockchain technology has the potential to improve game designs and help developers run better and more successful game economies, but for many developers it’s difficult to develop and deploy. Forte’s platform makes it easy for developers to apply blockchain technology to their games, increasing engagement and monetization with their players.
The new fund is targeting developers with live games ongoing and over 50,000 daily users that also have an interest in blockchain and how it can provide an opportunity for new game designs, as well as drive better business results.
Forte’s technology stack includes components designed in close collaboration with Ripple, namely leveraging the open-source Interledger Protocol with XRP serving as a base pair settlement. Furthermore, by focusing on cross-chain interoperability out of the gate, Forte is setting the foundation for long-term, sustained consumer adoption of blockchain technology.
The Forte team is comprised of game industry veterans that have built top grossing games globally and developed cutting edge game technology platforms. The founding team hails from industry leading game companies such as Kabam, Unity, and GarageGames.
Brett Seyler, Chief Platform Officer at Forte said, “Blockchain technologies’ key innovations unlock vast potential for nearly all forms of digital interaction. Gaming is a $140 billion global industry driven predominantly by digital micro-transaction economies, which we believe will benefit immensely from the integrity and resilience of blockchain technology.”