Ripple provides $100 million in funding for blockchain gaming developers

by Osiris Team


Posted on March 13, 2019, 1:59 p.m.
Development
Time to read: 1 min
XRP

Ripple's Xpring today announced it is partnering with blockchain gaming platform startup Forte by providing $100 million for investment in blockchain gaming developers.

The young startup was only first announced in February and is led by Kevin Chou, formerly in charge of mobile gaming and esports at Kabam. Forte's leadership roster is strong, featuring former GarageGames and Unity GM Brett Seyler, Kabam employees Kent Wakeford and Weiwei Geng, and tech VC Mahesh Vellanki.

At launch, Chou said of blockchain gaming, "The microtransaction-driven game industry has matured and consolidated, and as a result innovation has grown stagnant. Blockchain technology offers new growth vectors and an opportunity to do things differently."


Related links:
Source
Like and comment it on:

More cryptocurrency news

Latest news

Senate hostile towards Libra, Facebook suggests regulators must act or risk losing US dollar dominance to Bitcoin

The focus of the hearing between Facebook’s David Marcus and the Senate on the Libra cryptocurrency was trust—or the lack thereof.


Development Regulatory
LIBRA

July 19, 2019, 10:53 a.m.

Chinese court upholds legality of Bitcoin ownership, BTC protected by China’s property laws

A court in Hangzhou, China, upheld Bitcoin’s status as “virtual property.” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes.


Regulatory
BTC

July 19, 2019, 10:49 a.m.

Crypto Exchange Bitpoint Admits to 50,000 Victims of $32 Million Hack

Japanese cryptocurrency exchange Bitpoint was hacked last week when hackers stole 3.5 billion yen ($32 million) from the exchange’s hot wallet, of which 2.5 billion yen were customer funds.


Alerts
General

July 16, 2019, 1:51 p.m.

Ripple Executive Unveils Strategy to Transform Cross-Border Payments, Boost XRP and Grow Blockchain Ecosystem

Ripple is revealing more on its multi-million dollar plan to grow the digital assets ecosystem and bring distributed ledger technology to the masses.


Development
XRP

July 14, 2019, 9:28 p.m.

Donald Trump: Bitcoin not money, value based on thin air, facilitates unlawful behavior

U.S. president Donald Trump finally expressed his views on Bitcoin and cryptocurrency, and the POTUS is not a fan.


Alerts Regulatory
BTC

July 11, 2019, 9:32 p.m.

Follow us