Ripple’s developer ecosystem project named Xpring has recently partnered with one of the industry leading gaming platforms based on blockchain – Forte – establishing a $100 million fund that supports game developers. The cryptocurrency news was confirmed in a press release published on March 12 on the company’s website.
The initiative is meant to boost the mass adoption of blockchain technology in the gaming industry – mostly through the increase of engagement and monetization with players. Forte is known for targeting game developers that are running live games economies and have more than 50,000 daily active users and a general interest in blockchain deployment.
According to the Chief Platform Officer at Forte:
“Blockchain technologies’ key innovations unlock vast potential for nearly all forms of digital interaction. Gaming is a $140 billion global industry driven predominantly by digital micro-transaction economies, which we believe will benefit immensely from the integrity and resilience of blockchain technology.”
This way, Forte’s products can be further implemented in the gaming ecosystem. They are known for using the open source Interledger Protocol with Ripple’s XRP token as well as the container-based hosting solution Codius which is meant to facilitate cross-chain transactions.
Forte is officially registered and based in San Francisco and is a startup that is backed by many big industry players. One of them is the venture fund Andreessen Horowitz, as well as the early stage capital firm Canaan Partners and Coinbase Ventures. On the other hand, Xpring is a new Ripple initiative that aims to create a community of developers, entrepreneurs and companies that are engaged in blockchain technology.
Speaking of, blockchain has been making big news on our DC Forecasts crypto news site – and making constant leaps forward – especially in the gaming industry. As of recently, the Ethereum-based digital asset tokenization startup Enjin noted that it will launch a Software Development Kit for the leading game development engine Unity – which will allow Unity developers to create, integrate and manage the distribution of tokens that are compliant with the ERC1155 standard on the Ethereum blockchain.
Previously, the blockchain company HashCash Consultants announced a partnership with a Australian video game developer, rolling out its white label cryptocurrency exchange and tokenization services in this industry.
Binance Launched Completes Another Successful Token Sale Of Celer Network
Craig Wright Filed 114 Blockchain-Related Patents Since 2017: TNX Report
“His tactics and activities have all the marks of being a patent assertion entity or what’s pejoratively known as a troll. I’m not aware of his companies having any products.”In 2018, Wright was sued for $4 billion when the estate of David Kleiman who was a cyber-security expert (dubbed among the Bitcoin and blockchain tech developers) claimed that Wright stole billions of dollars worth of Bitcoin (BTC). According to the suing process that Kleiman initiated, Wright recognized that the family was unaware of Kleiman's wealth and therefore “forged a series of contracts that purported to transfer Dave’s assets to Craig and/or companies controlled by him. Craig backdated these contracts and forged Dave’s signature on them.”
Ledger Nano S Wallet Receives First Level Security Certificate From French ANSSI
The Recently Hacked Cryptopia Exchange Will Resume Trading By The End Of March
Join us on Facebook
- Binance Launched Completes Another Successful Token Sale Of Celer Network
- XLM Jumps By 11% After Banks Got Interested In IBM’s Stellar Blockchain Opportunity
- Trade On YorkBit Today: A Legit Broker With Low Fees
- Digitec Galaxus Group From Switzerland Officially Accepts Crypto Payments
- QuadrigaCX Co-Founder Was Involved In Criminal Activities In The Past
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Altcoin News4 days ago
Bitcoin Dominance Falls To 2019 Low: Is The Altcoin Season Here?
Bitcoin News1 day ago
Block.one CEO: Bitcoin Will Replace Gold As The Leading Commodity
Altcoin News4 days ago
Bitcoin Slowly Reaching $4,000 While Stock Market Goes Green
Bitcoin News3 days ago
BTC Lightning Network Surpasses 1,000 BTC Network Capacity On Its First Birthday
Bitcoin News4 days ago
Boston Legal System Damaged After BTC Ransomware Attack
Bitcoin News2 days ago
Analysis: Could Institutional Adoption Bring The Financial Elite To Destroy Bitcoin?
Altcoin News4 days ago
Cryptocurrencies Are Not Banned In Mexico: Bitcoin Exchange
Blockchain News4 days ago
Blockchain Representatives Raise Concerns About A Nevada Crypto Bill