Xpring, Ripple’s developer ecosystem initiative, and game industry blockchain platform Forte have formed a $100 million fund to support game developers.
The fund is designed to accelerate the mainstream adoption of blockchain technology in gaming, improving game designs and helping developers run more successful game economies. In a blog post, Brett Seyler, Chief Platform Officer at Forte, wrote:
“We’ve collaborated closely with Ripple’s Xpring team on architectural designs for trustlessly hosting software services in a decentralized ecosystem using Codius and facilitating cross-chain transactions using Interledger Protocol (ILP) for interoperability and XRP for inter-asset liquidity.”
This initiative can transform existing gameplay and create a new virtual economy where player-to-player micropayments and games’ items tokenized could be soon a reality.
Forte, a San Francisco-based start-up created in February 2019, is backed by venture fund Andreessen Horowitz, Canaan Partners, and Coinbase Ventures among others.
“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.