Ripple’s dev ecosystem initiative called Xpring and Forte, a provider of blockchain-based platform technology for the games industry have formed a $100 million fund to support game developers, the official press release states.
As it states, the fund will operate alongside Forte's platform technologies and include open-source solutions designed in collaboration with Ripple to accelerate the mainstream adoption of blockchain technology in gaming.
Forte CPO, Brett Seyler, says 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 industry needs solutions that can support these economies at scale with cross-chain interoperability," he added.
Earlier, Brad Garlinghouse, CEO of cross-border payment giant Ripple, the company behind the XRP token, said during the D.C. Blockchain Summit celebrated in Washington that the JPM Coin lacks interoperability.
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