in

Big Money Apes Into Blockchain Gaming With $725M Fundraising for Forte

Square to Consider Building a Bitcoin Mining System


Visit the original article*

https://www.coindesk.com/resizer/UTzSni0Z2SzRKBSEnfJWqfxbqWU=/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MDCDPHKCMFACRNN2N5YMLMTFDU.jpg

Major crypto players Andreessen Horowitz (a16z), Cosmos, Polygon Studios and Solana Ventures were among those that have invested an additional $725 million in funding to close a Series B round for the blockchain gaming platform Forte.

  • The round was led by Sea Capital and Kora Management with a number of game and media publishers also participating, including Animoca Brands, Big Bets (Huuuge Games), Overwolf, Playstudios, Warner Music Group and zVentures (Razer).
  • Funding will be used to expand Forte’s products and services, as well as speed up the onboarding of emerging game and content publishers.
  • Forte’s platform is used by gaming publishers to incorporate blockchain technology into their games. The platform also allows non-fungible tokens (NFTs) to be minted and sold.
  • In May, Forte raised $185 million in a Series A round at a $1 billion valuation led by Griffin Gaming Partners.
  • This recent funding brings Forte’s total capital raised this year to more than $900 million.

Read more: Polygon Launches Unit to Grow Blockchain Gaming, NFTs



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Circle Supports Government Plans to Regulate Stablecoin Issuers Like Banks

Circle Supports Government Plans to Regulate Stablecoin Issuers Like Banks

CryptoNewsZ

FTX Us Shows 500% Jump in Daily Trading Volume in Q3