2021-11-14 01:45 |
Forte, a provider of blockchain solutions for game publishers, announced today that it has raised an additional $725 million in the closing of its Series B round.
This Series B was led by Sea Capital and Kora Management with further support and funding from game and media publishers including Animoca Brands, Big Bets (Huuuge Games), Overwolf, Playstudios, Warner Music Group, zVentures (Razer), and blockchain partners Cosmos, Polygon Studios, and Solana Ventures, as well as investors including Griffin Gaming Partners, a16z, and Tiger Global.
The Forte platform allows game publishers to easily integrate blockchain technologies into their games, enabling features such as seamless, embeddable token wallets, non-fungible token (NFT) minting and selling, payment rails, and other services built specifically for blockchain token economies and the management of digital and virtual assets.
In blockchain-based games, players can truly own goods, rather than making pure entertainment expenditures…Players around the world can freely trade goods and services with each other and can participate in community economies that reward creativity, collaboration, and skill. These new systems provide game players and communities all around the world with new creative and economic opportunities.
In order to protect both players’ and publishers’ businesses and intellectual properties, the Forte platform offers global frameworks for regulated activity including money transmittal, anti-money laundering, tax compliance, and IP protection. Another unique benefit Forte enables for publishers is its customizability and interoperability with multiple blockchains.
Many Forte partners start off with Forte to introduce NFTs and other tokenized assets both inside and outside their core games and apps, then graduate to long-term business models and revenue streams through in-game economies and player-to-player marketplaces, eventually connecting to layer-1 and layer-2 blockchains, providing freedom of choice and maximum liquidity for their players.
Current platform status:
Currently invite-only and in private testing. 40+ game developer partners. 15M+ players across partner games.LionTree has served as exclusive financial advisor to Forte this year, bringing its global strategic relationships to Forte as the company continues to accelerate growth. In May, Forte raised $185 million in its Series A, at a $1 billion valuation, led by Griffin Gamforteing Partners.
The post Forte closes $725M in Series B for its interoperable blockchain gaming platform appeared first on CryptoNinjas.
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