25.4 C
New York

Ripple-Backed Startup Pushing to Bring XRP to $140 Billion Gaming Industry Announces Slew of Partnerships

Date:

Ripple-backed Forte is revealing a slew of new partnerships in its push to bring blockchain technology and XRP to the $140 billion video game industry.

According to a press release, Forte has partnered with Gallium Studios, Monster Ideas, Penrose and GC Turbo. The partners will use Forte’s blockchain-based technology to allow gamers to manage and control in-game assets and economies.

ADVERTISEMENT


“Together, Forte and its portfolio of developer partners are exploring, validating, and integrating new gameplay and economic designs in both existing and future games.

Some enhance popular gameplay mechanics like earning in-game cosmetics and player rewards. Others explore more radical concepts such as guild ownership and governance, in-game services offered by players to other players, and community-generated experiences.”

Ripple partnered with Forte back in March of 2019, creating a $100 million fund to fuel the development of games that incorporate the Interledger Protocol (ILP) with XRP serving as a base pair settlement.

Forte’s co-founder and chief operating officer Kent Wakeford says the company’s platform is designed to let gamers buy and sell non-fungible tokens (NFTs) using XRP.

Forte is open to working with any developer building on blockchain, including the smart contract platforms Ethereum (ETH), EOS and Tron (TRX).

ADVERTISEMENT


Check Latest News Headlines

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

ADVERTISEMENT


Ripple-Backed Startup Pushing to Bring XRP to $140 Billion Gaming Industry Announces Slew of Partnerships Blockchain, Featured, Home, News CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/GrandeDuc

Source: https://dailyhodl.com/2020/11/23/ripple-backed-startup-pushing-to-bring-xrp-to-140-billion-gaming-industry-announces-slew-of-partnerships/

Related articles

spot_img

Recent articles

spot_img