Forte raises $185M at $1B valuation for blockchain game stage

Forte has raised $185 million at a $1 billion valuation for its in the background blockchain game stage. Griffin Gaming Partners drove the interest in the furthest down the line unicorn to ascend in the blockchain gaming market. 

 

 

The Forte arrangement comes seven days after Hong Kong-based Animoca Brands raised $88 million at a $1 billion valuation (the meaning of a unicorn is having such a valuation) to make egames based on the blockchain, the safe and straightforward computerized record that empowers digital forms of money and remarkable unique things, or nonfungible tokens (NFTs).

Rather than making such games itself, the San Francisco-based Forte is a framework organization, utilizing blockchain tech to empower new sorts of game economies. It makes things, for example, cryptographic money wallets that blockchain games use to store a player's tokens. Wallets must be secure and prepared to change a cash as a cryptographic money token in a game to numerous sorts of cryptographic forms of money, like Ethereum or Bitcoin, that could thus be changed into hard money like U.S. dollars.

Source: https://venturebeat.com/2021/05/20/forte-raises-185m-at-1b-valuation-for-blockchain-game-platform/