Forte closes $725M in Series B for its interoperable blockchain gaming platform

Announcement brings Forte’s total capital raised to more than $900 million in 2021… Forte, a provider of blockchain solutions for game publishers, announced today that it has raised an additional $725 million in the closing of its Series B round. This Series B was led by Sea Capital and Kora Management with further support and…
Forte closes $725M in Series B for its interoperable blockchain gaming platform

Announcement brings Forte’s total capital raised to more than $900 million in 2021…

Forte, a provider of blockchain solutions for game publishers, announced today that it has raised an additional $725 million in the closing of its Series B round.

This Series B was led by Sea Capital and Kora Management with further support and funding from game and media publishers including Animoca Brands, Big Bets (Huuuge Games), Overwolf, Playstudios, Warner Music Group, zVentures (Razer), and blockchain partners Cosmos, Polygon Studios, and Solana Ventures, as well as investors including Griffin Gaming Partners, a16z, and Tiger Global.

The Forte platform allows game publishers to easily integrate blockchain technologies into their games, enabling features such as seamless, embeddable token wallets, non-fungible token (NFT) minting and selling, payment rails, and other services built specifically for blockchain token economies and the management of digital and virtual assets.

In blockchain-based games, players can truly own goods, rather than making pure entertainment expenditures…

Players around the world can freely trade goods and services with each other and can participate in community economies that reward creativity, collaboration, and skill. These new systems provide game players and communities all around the world with new creative and economic opportunities.

In order to protect both players’ and publishers’ businesses and intellectual properties, the Forte platform offers global frameworks for regulated activity including money transmittal, anti-money laundering, tax compliance, and IP protection. Another unique benefit Forte enables for publishers is its customizability and interoperability with multiple blockchains.

Many Forte partners start off with Forte to introduce NFTs and other tokenized assets both inside and outside their core games and apps, then graduate to long-term business models and revenue streams through in-game economies and player-to-player marketplaces, eventually connecting to layer-1 and layer-2 blockchains, providing freedom of choice and maximum liquidity for their players.

Current platform status:

  • Currently invite-only and in private testing.
  • 40+ game developer partners.
  • 15M+ players across partner games.

LionTree has served as exclusive financial advisor to Forte this year, bringing its global strategic relationships to Forte as the company continues to accelerate growth. In May, Forte raised $185 million in its Series A, at a $1 billion valuation, led by Griffin Gamforteing Partners.

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Visual blockchain data app Bubblemaps teams with Hacken to bring additional safety to DeFi investors
Read More

Visual blockchain data app Bubblemaps teams with Hacken to bring additional safety to DeFi investors

Bubblemaps allows users to visualize blockchain data faster, and easier. It displays the 150 top wallets of any DeFi token or NFT collection as 150 bubbles. If bubbles are linked to each other, it means that there have been historical transfers between those wallets... Related News Cronos, the first EVM-compatible layer-1 blockchain built on the…
Dr. David Tse of Stanford becomes advisor to layer zero protocol Subspace
Read More

Dr. David Tse of Stanford becomes advisor to layer zero protocol Subspace

Subspace Labs, a distributed research and development company behind the Subspace Network, today announced the appointment of Dr. David Tse to its advisory board. Tse, who is also a distinguished professor of electrical engineering at Stanford University, brings extensive expertise as a leading researcher in the areas of blockchain scalability, security, and sustainability. A scalable…
MuesliSwap to make Cardano’s overcollateralized algorithmic stablecoin Djed available
Read More

MuesliSwap to make Cardano’s overcollateralized algorithmic stablecoin Djed available

COTI, a DAG-protocol optimized for creating decentralized payment networks, today announced its latest partnership for Djed, Cardano’s overcollateralized algorithmic stablecoin, this time with MuesliSwap, soon to become the first hybrid DEX on Cardano. MuesliSwap will pair Djed with other coins on their DEX, making it possible for liquidity to be provided through Djed trading pools…
Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens
Read More

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

Related News Spanish crypto exchange company Bit2me and the fund manager Inveready presented today the first HUB dedicated to Web3.0, a new Crypto HUB that will provide services to startups in the sector through a venture... Read more Bifrost, a cross-chain liquid staking derivative protocol, has just won the 18th Polkadot parachain slot. Now, Bifrost…