Xpring, an investment and incubation initiative from Ripple, has announced a new partnership with the blockchain gaming startup Forte. The result is a brand new $100 million fund for game developers. With this money, Forte will fund developers who want to make use of blockchain technology—especially those that want to monetize their games.
The Partnership in Detail
According to Xpring’s Medium blog and press release, Forte will “deeply embed” three different Ripple products in its platform. The Interledger network and the XRP token will be used to perform base pair settlements. Meanwhile, Codius will be used as a hosting solution and will facilitate “seamless transactions across blockchains.”
Forte CEO Brett Seyler also explains that the gaming industry has frequently driven the adoption of new technology and new business models. Gaming, he says, is a $140 billion industry that is largely reliant on microtransactions, and blockchain technology can improve on that model by providing “integrity and…