Gaming is a $140 billion global industry. This massive scale is driven primarily by digital microtransaction economies—in-game, virtual purchases that unlock specific features or unique abilities and characters. However, these economies can be complex and challenging to build inside games, compelling gamers to turn to secondary markets, or even black markets, and complete purchases.
The key innovation of blockchain technology is its ability to unlock opportunity for digital interaction, like game economies—but for many developers, the technology is difficult to access and deploy. Enter Forte, the startup on a mission to accelerate the adoption of blockchain technology in the gaming industry. Forte’s platform arms developers with tools that makes it easy to apply blockchain technology to game economies, supporting deeper monetization and engagement with players.
At our inaugural University Blockchain Research Initiative (UBRI) Connect conference, Forte Founder and Chief Platform Officer, Brett Seyler, shared the impact blockchain technology will have on the way games are created. Forte Labs was one of dozens of companies supported by the Xpring Initiative at Ripple.
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