Last November, Tron set 100 million USD fund for games as it launched the Arcade project. And now, Ripple has decided to follow the suits. In fact, as like Tron, with Ripple (XRP), the good news is endless.
Xpring, Ripple’s developer ecosystem initiative and Forte, a company aiming to accelerate the gaming industry’s adoption of the blockchain technology, have established a partnership to create $100 million funds to support the game developers.
Ends of the Deal
The gaming industry is rising, and it attracts millions of individuals each year, and one thing is for sure, it’s a very rich as well as a promising niche. Therefore, after Tron, Ripple has chosen to make the right bet with this one.
The report says that all the funds will originate from Ripple with Forte only managing them as it aims to achieve their objective of accelerating blockchain technology’s mainstream adoption in gaming.
Evidently, blockchain has the potential of improving the game designs as well as help the developers run superior and even more triumphant game economies. However, for most of them, it’s hard to develop as well as deploy.
Forte offers a platform that’s easy for the developers to apply blockchain into the games, increase engagement as well as monetization with the players. The fund will target game developers operating live game economies with more than 50k daily active users as well as game developers with a genuine interest in blockchain deployment.
The Right Platform for Blockchain Technology Mass Adoption
Forte is undoubtedly doing everything possible in developing effective blockchain technology platforms alongside products built for the gaming industry. Founded merely a few months ago, Forte is well placed with experts in the game platform development, publishing and game design from established companies like GarageGames, Kabam, Unity, Gen.G Esports, and Linden Lab.
Besides, its technology stack includes components that leverage open-source solutions designed in close collaboration with Ripple. The solutions include open-source Interledger Protocol, the Codius platform and use of XRP for settlements (that could be huge).
On the Broader Side
Ripple is attempting to expand its services beyond the core business of financial software, and the $100 million gaming funds represent a way of pushing their objectives. Additionally, gaming platforms integrating the Interledger Protocol could spur mass adoption of XRP that Ripple holds in plenty (allegedly).
Subsequently, blockchain adoption by video game developers represents merely a third significant use case. At the moment, most companies use blockchain for financial settlement as well as supply chain management; though it’s experimental in most of those cases.
For Forte, it’s almost inevitable that the fund could raise its profile. The company hasn’t commented on that fact yet, though.
Talking about their funding being done already, they got money from investors like Andreessen Horowitz. Consequently, Ripple and Forte have a similar belief that blockchain is the way for the gaming industry. Whether that’s true or otherwise, the future for the gaming industry looks bright.
Image courtesy of Pixabay.
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