Blockchain and Gaming -- Ripple’s Xpring and Forte's $100M Blockchain Gaming Fund

in #blockchain5 years ago


Did you hear? the future is being built by gamers and computer geeks. A larger amount of the world's economic and societal disruption over 5 decades have had a thing or two to do with digitization. computers, the internet, smartphones and PDAs, and now recently, decentralized databases such as Blockchains, Hashgraphs, Holochains, etc.

Do we ever wonder why such a thing as 'pass-time' and casual as gaming has had so much attention over the past few years. Some real money have been spent and made from several in-game commerce of real estate, artifacts and collectibles, accumulated points and experiences, etc. Take for example this one, where a nest egg on Entropia sold for $70,000.

Suddenly, games aren't just games anymore, and that's why Ripple developer ecosystem projects Xpring and Forte are jointly forking out money in excess of $100 Million for the development of blockchain games. The news was announced in a press release published on March 12.

Blockchain technologies' key innovations unlock vast potential for nearly all forms of digital interaction. Gaming is a $140 billion global industry driven predominantly by digital micro-transaction economies, which we believe will benefit immensely from the integrity and resilience of blockchain technology.

The initiative is designed to bolster the mass adoption of blockchain technology in the game industry through the increase of engagement and monetization with players. Which is why a company such as Forte is reportedly targeting game developers running live games economies with more than 50,000 daily active users and an interest in blockchain deployment. Think about groups like EA, Unity, Gameloft, IGG, Supercell, etc. We could eventually see them on the blockchain within 5 years as more and more products and services are proven to be sustainable on the technology with highly impressive scalability and throughputs.

News like this one tells us of just how important decentralized and immutable databases are to economies and systems. Whatever happens, Blockchain tech has gained good traction over the years and only seems to get better and better even in the face of heavy criticism. We've seen this happen before and we're not about to let go of it yet. Good luck putting this Genie back into the bottle..

More on the news: https://cointelegraph.com/news/ripples-xpring-and-forte-establish-100-mln-fund-to-support-blockchain-in-gaming

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