$100 Million Funds For Blockchain Gaming, By Ripple And Forte

On 12th Mar 2019, Ripple’s Xpring and Forte, a platform for the gaming industry, announced their plan to support the game developers. They are also providing $100 million funds.

Ripple’s Xpring helps to create innovative blockchain projects. Basically, to utilize the XRP Ledger through investments and partnerships as per the announcement on 14 May 2018. Their main objective is to use XRP as a payment mechanism, such as micropayments, machine-to-machine payments, paid APIs and wallets.

Forte’s CEO Kevin Chou announced:

I’m excited to announce @FortePlatform, a new company I’m starting with wonderful partners to tackle blockchain gaming. We are working to close out some big partnerships soon, and fund game developers and technologists

Main Aim Of Forte

Forte, a San Francisco-based blockchain startup main target is to run live game economies for game developers. Eventually, for more than 50,000 daily active users. This mass adoption of blockchain technologies started keeping in mind the monetization of players and to increase the engagement of games.

Video games have long been quick to adopt new technology, from console to the PC to mobile. Now, blockchain will help game designers who’ve had a hard time facilitating an economy that can serve all types of players.

As stated by, Ethan Beard, Senior Vice President of Ripple’s Xpring:

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.

On 4th Feb 2019, HashCash, a blockchain company also announced a partnership with an Australian video games developer for tokenization and crypto exchange.  

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Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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