Ripple and Forte Launch $100 Million Fund for Blockchain Gaming Using XRP

2019-3-14 23:54

Xpring, Ripple’s developer ecosystem initiative, has partnered with blockchain platform Forte to form a $100 million fund to support game developers. According to the company’s press release, the fund will operate alongside Forte’s platform technologies and include Ripple’s open-source solutions, including XRP, aimed at mainstream adoption for blockchain gaming.

Ripple Announces $100 Million Blockchain Gaming Fund with Forte

.@FortePlatform recognizes the massive opportunity for #blockchain in the gaming space and is building the foundation for developers worldwide. #Xpring is excited to accelerate that momentum! https://t.co/sSm8uT1JYG

— ethanbeard (@ethanbeard) March 12, 2019

One of the biggest players in the crypto industry, Ripple, has decided to diversify its business model and get into the blockchain gaming world. The company behind XRP announced the launch of a $100 million blockchain fund that is aimed at game developers.

According to the company’s press release published on Mar. 12th, the fund will be overseen by Forte, a provider of blockchain-based platform technology for the gaming industry. The San Francisco company is backed by some of the most notable investors in Silicon Valley, including a16z crypto, Andreessen Horowitz, Battery Ventures, Canaan Partners, Coinbase Ventures, 1confirmation, and others.

Brett Seyler, the chief platform officer at Forte, said that the company got involved in gaming as it’s a $140 billion global industry that could benefit from blockchain technology. “The industry needs solutions that can support these economies at scale with cross-chain interoperability,” he said in the company’s press release.

Ethan Beard, the senior vice president of Ripple’s development arm Xpring, told Fortune that blockchain will help game designers who’ve had a hard time facilitating a digital economy that can serve all types of players.

a16z-Backed Forte to Equip Game Developers with Blockchain Platform Tools and Funding

According to the company’s press release, the fund is primarily targeted at game developers operating live game economies with over 50,000 daily active users. Exploring the use of blockchain in such circumstances could enable new game designs and provide a better opportunity to monetize.

Forte’s technology will be leveraging Ripple’s Interledger Protocol while XRP serves as a base pair settlement. A smart contract service called Codius will be used to support seamless XRP transactions across blockchains, the company explained.

The grants will be distributed to game developers in the form of XRP, Beard told Fortune. However, he added that Ripple expects most recipients to convert the XRP into US dollars, as platforms such as Amazon Web Services only accept payments in fiat.

Allen Ma, the Vice President of Partnerships at Forte, said that the company is actively looking for developers that meet its criteria. This means that Ripple has taken on a serious approach to expanding to the gaming world. Judging by the mixed popularity of blockchain games based on Ethereum, especially CryptoKitties, Ripple’s XRP could be tapping into a significant user base while competing in the sector.

The post Ripple and Forte Launch $100 Million Fund for Blockchain Gaming Using XRP appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0064459
Капитализация $0 Rank 99999
Цена в час новости $ 0.2102 (-100%)

blockchain ripple fund million 100 gaming forte

Источник: cryptoslate.com

blockchain ripple → Результатов: 126


Фото:

Blockchain and Crypto to experience accelerated growth in 2021 – Ripple

Despite being on a sticky wicket in the wake of an SEC lawsuit, Ripple’s leadership is confident in the future of blockchain and crypto. According to an article released on the company’s website, RippleNet General Manager, Asheesh Birla says that cryptocurrencies are finally bridging the gap with traditional financial institutions, allowing fintech companies to seize […]

2021-1-22 10:44


Block Stars: How Digital Assets Will Help Create a Sustainable Global Economy

Block Stars is a new podcast series from Ripple that shines a spotlight on blockchain’s most innovative and impactful thinkers. In each episode, Ripple CTO David Schwartz will be joined by a special guest to explore the foundations of blockchain, how it is solving today’s real-world problems and what future benefits the technology may bring.

2020-5-7 20:57


Ripple And NEM To Open EU Blockchain Association In Effort To Make Good By Crypto Regulators

Ripple And NEM Team Up To Launch EU Blockchain Association In Effort To Get On The Good Side Of Regulators Ripple (XRP) and NEM (XEM) have united to launch a project called Blockchain for Europe. This new association will represent the interests of companies acting in the sector of blockchain and cryptocurrency on the whole […]

2018-12-4 22:02


Ripple’s CEO Says Blockchain Will Change the World of Global Payments

Ripple CEO’s has sat down with Ross Leckow, IMF’s Deputy General Counsel, to talk about blockchain technology at the Singapore Fintech Festival. Both agreed that the distributed ledger will change the world of global payments as the International Monetary Fund engages with the private sector and industry to help its members unlock the potential of blockchain.

2018-11-14 23:00


Ripple’s Brad Garlinghouse: Regulatory Clarity Drives Crypto and Blockchain Adoption

Ripple’s CEO, Brad Garlinghouse, recently sat down for a chat with IMF’s Deputy General Counsel Ross Leckow. The conversation took place at Monday’s Singapore Fintech Festival. In the dialogue, the two exchanged ideas on the opportunities that blockchain technology and digital assets provide for the financial institutions in the ASEAN (Association of Southeast Asian Nations) region.

2018-11-13 11:31


Фото:

Swell Day 2: Words of Wisdom from the Inventor of the Web and Industry Leaders Discuss Which Blockchain Should Rule Them All

The second day of Swell came to a close on Tuesday, and even though the first day of programming set a high bar, the second day set a new standard. Watch our recap video from Swell Day 2 The Ripple team started the day with an hour-long keynote from the Inventor of the World Wide … Continued The post Swell Day 2: Words of Wisdom from the Inventor of the Web and Industry Leaders Discuss Which Blockchain Should Rule Them All appeared first on Ripple.

2018-6-17 12:50


Фото:

Ripple Hosts World’s Central Banks to Explore Next Generation of Payments

Image: Shutterstock Ripple recently gathered over two dozen central banks from around the world to explore how new technologies enable the next generation of payments. The Central Bank Summit on Blockchain, hosted at Carnegie Hall in New York City, gathered central banks’ senior leadership, payment strategy leads and oversight staff for a focused discussion on … Continued The post Ripple Hosts World’s Central Banks to Explore Next Generation of Payments appeared first on Ripple.

2018-6-17 12:50


Ripple заявляет о том, благодаря xRapid семьи могут позволить на 3,27 миллиардов приемов пищи больше

Недавно команда Ripple опубликовала сообщение в блоге «Insights» о снижении затрат и преимуществах своей технологии xRapid. Они также рассказали о своем видении Internet of Value и о том, как xRapid вписывается в нее.

2018-6-16 15:45


Почему Ripple не может считаться ценной бумагой

После заявления директора SEC Уильяма Хинмана о том, что Ethereum (ETH) не является ценной бумагой, стало интересно, что на счет Ripple? Сообщение Почему Ripple не может считаться ценной бумагой появились сначала на Freedman.

2018-6-15 19:05


Техасская бизнес-школа получит от Ripple $2 млн на блокчейн-исследования

В течение следующих пяти лет техасская школа бизнеса McCombs при университете в Остине получит финансирование в размере $2 млн от Ripple. Инвестиции пойдут на исследование технологии блокчейн в рамках проекта Blockchain Initiative.

2018-6-15 14:53


Ripple инвестирует 2 миллиона долларов в исследование Blockchain Техасским университетом

Техасский университет в Остине получает финансирование от Ripple в исследованиях Blockchain-технологии. Сообщение Ripple инвестирует 2 миллиона долларов в исследование Blockchain Техасским университетом появились сначала на Freedman.

2018-6-15 10:02


Ripple: Blockchain is About Growth Not Cost Savings

A Ripple Executive has downplayed the cost-savings of blockchain technology over traditional banking arguing that growth is a stronger message for attracting business clients, including banks. Blockchain: Next Evolution of the Internet Danny Aranda, Managing Director of Strategic Growth at Ripple, discussed how the firm attracts banks to their payment solutions and how they work.

2018-6-14 10:00


Ripper: Banks can not apply to Blockchain for future cross-border loans in the future

Ripple chief cryptographer David Schwartz claims that banks are unlikely to deploy blockchain to process international payments, citing low scalability and privacy problems, Reuters reports June 13. In an interview with Reuters, Schwartz argued that despite the fact that banks acknowledge blockchain technology’s potential in reducing transaction times and costs, the technology is still not

2018-6-14 09:20


Brad Garlinghouse, Ripple CEO, answered candidly during an interview about crypto’s prospects for the future. Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners

Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners and has no hope of being a world currency. And while Ripple certainly was the hot topic, Mr.

2018-6-13 21:18


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Криптовалютные донаты для Трампа достигли $7,5 млн

На днях стало известно, что Дональд Трамп собрал $7,5 млн в виде криптовалютных пожертвований. Донаты поступают в BTC, ETH и других криптовалютах. За этой поддержкой стоят серьезные фигуры: Тайлер и Кэмерон Уинклвоссы из Gemini, CEO BitGo Майк Бэлше и Стюарт Альдероти из Ripple.