Around March this year, forte, which provides the blockchain technology platform for the game industry, and xpring, a developer ecological fund of ripple, announced that,Invest US $100 million to set up a fund to help game developers make better use of blockchain Technology. The funding will operate with Forte's technology platform, and also include open source solutions designed in collaboration with Ripple, thereby accelerating the widespread use of blockchain technology in games.
Although blockchain technology can help developers improve the design and operation of games, it is difficult for many developers to develop and deploy blockchain technology. Forte’s platform allows developers to easily apply blockchain technology to their games, thereby increasing player engagement and profiting. The first-phase fund managed by Forte is aimed at developers who are operating at least 50,000 days of active user games and are interested in using blockchain to unlock new game designs and drive business development.
The technology stack designed by Forte and Ripple closely cooperate to use the open source Interledger Protocol (ILP Cross-Lease Protocol) and XRP (Ripple) as the basic settlement currency pair, and cooperate with the container-based custody solution Codius to achieve seamless transactions across blockchains. Forte has laid the foundation for consumers to use blockchain in a long and stable manner through focusing on solving cross-chain synergy issues. Forte's platform has integrated this technology that is extremely easy for game developers to use.
The Forte team is composed of veterans in the gaming industry who have developed the world's most profitable games and top technology platforms. The founders are all from industry-leading gaming companies such as Kabam, Unity and GarageGames.
Forte is also supported by a large number of investors, consultants and partners. Investment institutions include a16z crypto, Andreessen Horowitz, battery ventures, Canaan partners, coinbase ventures, 1confirmation, etc. Forte also received support and investment from a number of blockchain leaders, including Fred ehrsam, co-founder of coinbase, Balaji Srinivasan, co-founder of earn.com and chief technology officer of coinbase. Richard Lyons, former dean of the Haas School of business at the University of California, Berkeley, joined Forte as a resident economist.
"An important innovation of blockchain technology is that it unleashes the huge potential of almost all forms of digital interaction. Game is a global industry with a scale of 140 billion US dollars, which is mainly driven by small digital transaction mode. We believe that the data integrity and flexibility mechanism advantages of blockchain technology will benefit the industry greatly. " Brett seyler, chief platform officer of forte, pointed out that "the game industry needs to be able to support large-scale cross chain collaborative solutions in this economic model."
The history of the game industry is written in the new business model and the larger market generated by each technology iteration. From pay per view arcade games to retail box games accompanied by PCs and game consoles, from digital download games after the birth of the Internet to free games popularized with cloud technology, to mobile games participated by billions of players today. The game industry has fully adapted to the constantly updated business model and technological revolution, growing from $1 billion 30 years ago to $140 billion today. Blockchain technology is the carrier of next generation transformation, which can create new business models and game economic system.
"We are very happy to work with such a world-class game industry senior team, forte and ripple both believe that blockchain will have a huge impact on the game. Providing a set of platform tools that do not need to master blockchain technology in depth and are easy to use is a necessary prerequisite for the scale of blockchain terminal consumers. "Ethan beard, senior vice president of ripple xpring fund, said.
Forte is actively funding game developers who meet the standards."If developers have wired games with more than 10000 active users every day and try to improve their business through blockchain technology, please contact us.”Allen Ma, vice president of Forte partnerships.
Speaking of the topic of cooperation with the developer community in China, Geng Weiwei, managing director of Forte China, pointed out: "when Forte was founded, we attached great importance to game developers and operators from China. We are willing to support the development team with our common aspiration to explore the future of blockchain games and how to apply blockchain technology in traditional games. ".
About Forte
Headquartered in San Francisco, Forte is committed to building blockchain technology platforms and products for the gaming industry. By solving the core technical problems behind the scenes, Forte builds a consistent future for game developers and players. Forte’s founding team is composed of game platform development, game design and distribution experts from leading companies such as Kabam, GarageGames, Unity, Linden Lab and Gen.G Esports.
About Xpring
Xpring is an investment fund for blockchain application infrastructure construction initiated by ripple. By working with innovative blockchain projects, xpring aims to build a strong community of developers, entrepreneurs and companies that will use blockchain technologies such as interleaver and XRP ledger to transform industries.
Ripple's vision is to make the flow of capital in the world just like the flow of information today, that is, to create value in the Internet. Ripple has offices in San Francisco, New York, London, Mumbai, Singapore and Sydney, with more than 200 clients worldwide.
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