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Forte Raises $725M

Forte Raises $725M

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Blockchain video games platform Forte receives funding of a whooping $725M

Forte, a blockchain-based game platform for game developers, has raised $725 million in funding. With the increasing popularity and demand of blockchain-based games, Forte is now in a better position to enable game companies to make blockchain games. The platform will make the games more compliant and interoperable with blockchain technology.

Blockchain-based video gaming platform Forte Raises $725M
Blockchain-based video gaming platform Forte Raises $725M

The funding for Forte came when other NFT gaming companies have crossed the $1 billion valuations. Some of the companies that have reached unicorn status are Mythical Games, Sky Mavis, Animoca Brands, and Dapper Labs.

All these companies are making games based on blockchain and NFTs. Fort-e’s platform will allow more companies to produce and develop blockchain-based games. The major investor in the recent funding round was Sea, the corporation behind Garena. Garena is famous for its free-to-play battle royale game Free Fire.

The funding round was led by Sea Capital and Kora Management. Other participants were Big Bets, Overwolf, Animoca Brands, Solana Ventures, Polygon Studios, Playstudios, Warner Music Group, Andreessen Horowitz, Griffin Gaming Partners, and Tiger Global. Forte will use the funds to grow and expand its range of products and services.

Forte itself is not involved in game development rather it acts like an infrastructure company using blockchain tech. Fort-e lets game companies develop games and enable new economies for them.

The company is also involved in the service of cryptocurrency wallets that are used to store a user’s tokens. Moreover, it also enables digital ownership of assets in the game.

Blockchain-based video gaming platform Forte Raises $725M
Blockchain-based video gaming platform Forte Raises $725M

The CEO of Forte, Josh Williams, is excited about the new shift and said, “Over the past 50 years, games have undergone seismic shifts in their business and revenue models, becoming more aligned with players at every turn,” said Williams, in a statement.

He further added, “We believe we are at the forefront of a new technological wave, and blockchain gaming will be even bigger than all the shifts we’ve seen before.”

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Forte Raises $725M

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Forte Raises $725M

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.