San Francisco based Blockchain Video Game platform Forte secured $185 Million


Forte, a California-based organization building a blockchain based economic platform for video games, has now secured $185 million in a Series A funding round.

San Francisco headquartered Forte is founded by Josh Williams. The video game startup offers an end-to-end blockchain platform for video games. Forte's video game solution allows token-based game economies and NFTs to build scalable blockchain powered scalable economies for video games.

Executive Opinion

Josh Williams, Forte's Cofounder and CEO, said, "Video games play a vital part in billions of people's lives, yet fairly monetizing them is harder than ever. We envision a sustainable and equitable ecosystem for games, and are building the necessary infrastructure to make it possible. We're incredibly fortunate to work with Griffin Gaming Partners and others who share our vision, and are helping us more quickly bring our technology to game developers, players, and fans around the world."

Nicholas Tuosto, Co-Founder of Griffin Gaming Partners and Managing Director of LionTree, said, "We focus on investing in businesses in the massive and growing digital economy and have spent significant time analyzing disruptive technologies such as blockchain. Having met with dozens of companies at the intersection of blockchain and games, we believe Forte’s unique technology platform, go-to-market strategy, and deep expertise in both games and blockchain enables their authentic approach, and distinguishes them as a trustworthy partner for developers for this exciting journey."

Forte's Latest Fundin

As of now San Francisco based video game platform is invite-only and in private testing. Forte has more than 25 video game developer partners, 5 millions NFTs minted and used in games. The video game platform has more than 8 million players across partner game, notes the announcement.

For this latest funding round, the blockchain video game platform was valued at $1 billion. The Griffin Gaming Partners led the latest funding round. Other participating investors include Battery Ventures, Union Grove Ventures Partners, Canaan, and Andreessen Horowitz.

The company as of now has plans to leverage newly raised funds to accelerate the development development of its end-to-end blockchain platform.
PC: Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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