With the establishment of a fund of US$100 million, Ripple enters the blockchain game and broadens the usage scenarios of XRP

5 years ago
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The benefits of blockchain games and the competition of game service providers.

Editors Note: This article comes fromunhashedEditors Note: This article comes fromMike Dalton,author:

, Translator: Odaily Tea Cool

With the establishment of a fund of US0 million, Ripple enters the blockchain game and broadens the usage scenarios of XRP

Editor: Hao Fangzhou

On March 13, according to foreign blockchain media unhashed, Ripples developer eco-fund Xpring and Forte, which provides a blockchain technology platform for the game industry, invested 100 million US dollars to establish a fund to help game developers better use of blockchain technology.

The funding will work with Fortes technology platform, including open-source solutions designed in partnership with Ripple, to accelerate the widespread adoption of blockchain technology in gaming.

Xpring is an investment fund initiated by Ripple for the construction of blockchain application infrastructure. It was established on May 16, 2018. Ripple has appointed Ethan Beard to lead the Xpring and Ripple Developer Program. Ethan was the Director of the Facebook Developer Network from 2009 to 2012. During this three-year period, Ethan was responsible for global developer relations, operations and product marketing for the Facebook API. Before joining Facebook, Ethan served as Director of Social Media and Director of New Business Development at Google. According to public information, Xpring currently does not participate in many investment projects, and currently only discloses the investment in the venture capital fund of Blockchain Capital (Blockchain Capital) with a value of 150 million US dollars.

So, what are the details of the cooperation between Ripple and Forte?

According to Xprings official blog and press release, Forte will embed three different Ripple products in its platform. Utilize the open source Interledger Protocol (ILP Inter-Ledger Protocol) and XRP (Ripple Coin) as the basic settlement currency pair, and cooperate with the container-based custody solution Codius to realize seamless cross-chain transactions.

The important innovation of blockchain technology is that it unlocks the huge potential of almost all forms of digital interaction. Gaming is a $140 billion global industry, which is mainly driven by small digital transaction models. We believe that blockchain technology The advantages of the data integrity and elastic mechanism of Forte will benefit the industry a lot.” Brett Seyler, Chief Platform Officer of Forte pointed out, “The game industry needs a large-scale cross-chain collaborative solution that can support this economic model.”

According to the Xpring and Forte announcements, blockchain technology can help developers improve game design and operations, but for many developers, developing and deploying blockchain technology is difficult. This special fund aims to apply blockchain technology to game developers, thereby increasing player engagement and monetization. The first fund is mainly aimed at developers who are running games with at least 50,000 daily active users (currently the most popular games on Facebook are around 1-10 million daily active users), and are interested in using blockchain to unlock new game design solutions and drive business development.

According to public information, Forte has previously received the support of a large number of investors, consultants and partners. Investment institutions include a16z crypto (a16z digital currency fund), Andreessen Horowitz (a16z main fund), Battery Ventures, Canaan Partners, Coinbase Ventures, 1confirmation, etc. Forte has also received support and investment from many blockchain leaders, including Coinbase co-founder Fred Ehrsam, Earn.com co-founder and Coinbase CTO Balaji Srinivasan. Richard Lyons, former dean of the Haas School of Business at the University of California, Berkeley, joins Forte as economist-in-residence.

“We are very pleased to be working with Forte. Both Forte and Ripple believe that blockchain will have a huge impact on gaming. Providing a set of platform tools that do not require deep knowledge of blockchain technology and are easy to use is the first step for blockchain end consumers to scale. Necessary prerequisite. Ethan Beard said.

This article is translated from https://unhashed.com/cryptocurrency-news/ripple-to-monetize-gaming-by-partnering-with-forte/Original linkIf reprinted, please indicate the source.

ODAILY reminds readers to establish correct monetary and investment concepts, rationally view blockchain, and effectively improve risk awareness; We can actively report and report any illegal or criminal clues discovered to relevant departments.

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