Forte and Ripple Partners to Form a $100 Million Fund focused on Mainstream Blockchain Game Development

Forte and Ripple Partners to Form a $100 Million Fund focused on Mainstream Blockchain Game Development

Xpring

The recently launched, blockchain gaming startup Forte has announced a major partnership with Ripple’s Xpring cryptocurrency platform to invest $100 million in game developers looking to develop games based on blockchain technology.

Forte to Collaborate with Industry Expert on the Ripple Funded Project

Forte which is a brainchild of Kevin Chou, who led Kabam in mobile games and Gen.G in esports, will be collaborating with industry experts such as Brett Seyler, will be developing a platform designed for the adoption of blockchain technologies for new and existing games.

Although, Forte hasn’t announced its own funding yet, but the previous report has revealed that the company has received funding from investors including Marc Andreessen’s venture capital firm Andreessen Horowitz.

Ripple Will Provide All the Funds

According to the announcement, it was revealed that Ripple will provide all of the $100 million to fund developers of games using DLT. It was also revealed that 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.

Brett Seyler, the chief platform officer at Forte, in a statement stated that:
“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 microtransaction economies, which we believe will benefit immensely from the integrity and resilience of blockchain technology,” “The industry needs solutions that can support these economies at scale with cross-chain interoperability.” Seyler continued

“We are thrilled to partner with such a world-class team of game industry veterans. Both Forte and Ripple have a shared belief that blockchain technology will have a massive impact on games, and that providing tools that are easy-to-use, chain agnostic and interoperable is a necessary step in driving scale consumer adoption,” said Ethan Beard, senior vice president of Ripple’s Xpring, in a statement.

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