XRP has received a major boost in the gaming industry after a San Francisco-based gaming firm Forte announced that it would allow developers in the industry to leverage XRP and Ripple’s interledger technology.
Forte, a blockchain-based platform revitalizing the gaming industry with blockchain technology, has collaborated with Xpring, Ripple’s financial arm, to make developers use blockchain in developing games, a proclamation by Xpring affirms.
Forte is advocating the adoption of blockchain within the gaming industry. Previously in March 2019, Forte raised a $100 million fund via Xpring to support developers working on live game economies with over 50,000 daily active users.
This time, Forte will not only revitalize the gaming industry with blockchain technology but allow developers “to run better and more successful game economies by leveraging interledger and XRP,” Xpring says.
Through the latest deal, game developers leveraging blockchain will adopt XRP for transaction purposes and more. The gaming industry is worth about $140 billion, hence, Forte will open XRP token to another vast juicy industry.
Via XRP and interledger, game developers and players of the industry can unlock new economic and creative opportunities with blockchain technology. Forte will ease the use of blockchain for developers as most perceive it as being extremely difficult to access, use and deploy.
The Co-founder and Chief Platform Officer at Forte, Brett Seyler, during an inaugural University Blockchain Research Initiative (UBRI) Connect conference, shared that the modern game economy is facing difficulties due to increased sophistication and competition of the free-to-play model.
However, the co-founder added that blockchain is “creating game economies with multi-sided participation, open markets and increased transparency offer a potent solution to the challenge of the complexity plaguing game developers that result in stagnant economy design.”
Because Forte uses Ripple’s Interledger Protocol (ILP) in executing transactions across different blockchains, the company utilizes XRP digital assets to maximize cross-chain interoperability, security and inter-asset liquidity.