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.”

Gaming News 24/7 - Reinout te Brake -  Video Games Podcast - Game Consultant - Video Gaming News 2021
Gaming News 24/7 – Reinout te Brake –  Video Games PodcastGame ConsultantVideo Gaming News 2021
Reinout te Brake

In a career spanning across 20+ years, Reinout te Brake has raised over 100+ Million Euros in Fundraising for a diversity of companies and has worked with several venture capitals firms. Helping gaming companies expand their brand reach, get the right story telling and make an impact on a global scale. Reinout te Brake has had the honor to counsel some of the major gaming companies operating on a global scale. For the last 12 years, he has devoted his major focus towards the niche of gaming consultancy to provide his insight and expertise to help gaming companies reach outstanding financial and business results.