Ripple’s Xpring And Forte Form $100 Mln Fund To Boost Blockchain Use In Games

Xpring, Ripple’s developer ecosystem initiative, has teamed with Forte, a blockchain platform technology provider for the games industry, to form a $100 million fund to support game developers.

The fund will operate alongside Forte’s platform technologies and include open-source solutions designed in collaboration with Ripple, Forte said in a statement.

According to the companies, blockchain technology has the potential to improve game designs and help developers run better and more successful game economies. With Forte’s platform, developers are expecting to easily apply blockchain technology to their games, increasing engagement and monetization with their players.

The inaugural fund will be managed by Forte. It primarily targets game developers operating live game economies with over 50,000 daily active users. They need to have an interest in using blockchain to unlock support for new game designs and drive business results.

Brett Seyler, Chief Platform Officer, 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.”

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