Just a couple of weeks after coming out, blockchain gaming startup Forte has announced a big deal with Ripple’s Xpring cryptocurrency platform to invest $100 million in game developers who make games based on blockchain technology.
Kevin Chou, who led Kabam in mobile games and Gen.G in esports, announced in February that he had created a blockchain gaming company called Forte. Together with industry veterans such as Brett Seyler, Chou’s company is making a platform for adoption of blockchain technologies for new and existing games.
The San Francisco-based Forte hasn’t announced its own funding yet, but it has money from investors including Marc Andreessen’s venture capital firm Andreessen Horowitz. Ripple will provide all of the $100 million to fund developers of games with blockchain, the transparent and secure decentralized ledger behind many cryptocurrencies.
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. Read more