Ripple’s Xpring and Forte Creates $100 Million Fund For Blockchain Game Developers

“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.”

The products by Forte, reportedly use the open-source Interledger Protocol with Ripple’s XRP token and the container-based hosting solution Codius that facilitates cross-chain transactions.

The San Francisco-based blockchain startup, Forte is backed by big industry players such as venture fund Andreessen Horowitz, early-stage capital firm Canaan Partners and Coinbase Ventures among others. Whereas, Xpring is Ripple’s initiative in order to develop a community of developers, entrepreneurs and companies engaged in blockchain technology.

The Blockchain gaming industry has been gaining a lot of traction lately. Enjin, the Ethereum (ETH) based digital asset tokenization startup recently announced a soon to be launched Software Development Kit for leading game development engine Unity. In addition, the latest offering from the tech giant Samsung, S 10 series will have Enjin Support. The token’s price rocketed after the announcement.

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