Forte, a San Francisco, CA-based organization building a blockchain-based economic platform for video games, raised $185M in Series A funding.
The round, which valued the organization at $1 Billion, was led by Griffin Gaming Partners with participation from Union Grove Venture Partners, Andreessen Horowitz, Battery Ventures, and Canaan.
The company intends to use the funds to accelerate the development of its platform.
Led by Josh Williams, CEO, Forte provides an end-to-end blockchain platform, which lets developers create fungible and non-fungible tokens (NFTs), and build scalable token-based game economies
Game projects in active development include new experiences from industry pioneers such as Will Wright, creator of The Sims, and Jeff Tunnell, founder of Dynamix, the studio behind Starsiege: Tribes. Previously announced developer partners include Hi-Rez Studios, Penrose, nWay, GC Turbo, Other Ocean, Kongregate, Magmic, and DECA Games.