Ripple on Tuesday, released a statement on a new partnership with blockchain platform Forte to create a $100 million fund to back game developers.According to the company’s press release, Forte which is a San Francisco company which was created earlier this year by high level gaming executives, will be overlooking the fund.  Some of the most prominent investors include  Andreesen Horowitz, Coinbase Ventures and Battery Ventures. Ethan Beard who is a senior executive at Ripple’s development wing Xpring, in an interview with Fortune stated:

“Video games have long been quick to adopt new technology, from console to the PC to mobile. Now, blockchain will help game designers who’ve had a hard time facilitating an economy that can serve all types of players”

According to Forte’s press release, the fund will be focusing on getting game developers that have created a live production game with an in game economy, with over 50000 daily active players. Forte’s tech will be utilizing Ripple’s Inter ledger Protocol while XRP will be used as the currency for transactions. A smart contract platform called Codius will also be utilized to, create a platform through which creators and programmers can build and distribute decentralized applications on.

The fund will distribute XRP to game developers, however Ripple expects most recipients to convert back to Fiat currency, as web servicing platforms, and other expenses only accept payments in fiat. The push to promote blockchain technology adoption through video game developers could represent another major use case for the technology.

 

Sources:

https://medium.com/xpring/partnering-with-forte-44b6d3304bbb

 

8 COMMENTS

  1. ITS ALL COMING TOGETHER VERY NICELY AND A LOT FASTER THAN I THOUGHT, XRAPID AND XRP ARE THE END GAME FOR THE FAST, SAFE, 100% RELIABLE AND MOST IMPORTANTLY CHEAP TO USE GLOBAL DIGITAL BRIDGING ASSET FOR THE PEOPLE. THERE SEEMS TO BE FROM WHAT I HAVE RESEARCHED,ABSOLUTELY NO DOWN SIDE AND YOU COULD SAY, “THE TRUE MEANING OF INEVITABILITY” I AM SURE THAT ALL WHO ARE INVESTED IN THIS WORLD CHANGING TECHNOLOGY AND FOR THAT MATTER POSSIBLY THE GREATEST INVESTMENT OPPORTUNITY OF ALL TIME ALREADY KNOW THIS. REMEMBER 27 TRILLION DOLLARS HIDEN AWAY FROM THE WORLD IN NOSTRO VOSTRO IS VERY, VERY DANGEROUS MONEY IN THE HANDS OF THE FEW WHO FOR YEARS HAVE BEEN ABLE TOO USE IT AT THERE LEISURE FOR ILLEGAL AND UNFAIR ADVANTAGE AND GAIN, THIS I BELIEVE IS THE “GREAT GNASHING OF TEETH”

    • xrp is a scam a bankers creation to dump billion dollars from crypto universe by promoting fake partnerships
      WHere is the famous list of dozen banks supposed to use xrapid end 2019???

      • Marko Are you really that stupid or just trolling?
        You have made several ignorant comments about XRP and Ripple. Those comments pretty much point to you being uneducated about the use cases of Ripples product line and XRP use with in those products.
        The “Famous List” you mention is out there for all to see. Bank after bank have signed up and still sign up daily. Remittance companies are signing up all the time. There is no way anyone with half a brain cell can not see how XRP is going to be massive.
        The use case for Ripple and XRP goes way beyond Banks. If you want to know what a bankers coin is….JP Morgan (JPM) that is a bankers coin. Stable Coins like JPM coin are designed to be used within JP Morgan’s ecosystem of banks no where else….that is a bankers coin.
        Ripples product line is to connect the financial word like the internet connects every computer in the world….and XRP is the Bridge Asset that will move everything with in that Financial World.
        By now, with all the info that exist showing the daily growth of Ripple and the partnerships being added every day, it’s ridiculous how the FUD about XRP continues. The FUD exist only because people do not take the time to learn about Ripples product line and the use cases of those products. If there is anyone who doubts Ripples Ecosystem of products and especially XRP place within the Financial World…you are simply asleep! There has never been a more “No Brainer” investment opportunity in the history of Investments!

    • The best scam ever garlinghous promised dozen of banks to use xrp by end 2019 where is this list zero banks use it
      Xrp were given for free to banks to promote the scam then uneducated bought it while garlingcrook dumped them

  2. here is where goes the money from stupid xrp investors its instantanely dumped and used in fiat to make investment
    XRP is the bank of ripple labs and this bank is feed with stupid xrp dreamers money
    Avoid the scam

LEAVE A REPLY

Please enter your comment!
Please enter your name here