solana: Solana will invest $ 150 million in partnership with Forte to create gaming applications

Solana Labs’ investment arm “Solana Ventures” has partnered with Forte and Griffin Gaming to develop gaming applications. Forte is a company that provides end-to-end solutions for token-based gaming savings and NFTs that benefit the community. Griffin Gaming is one of the leading venture capital firms primarily focused on investing in the global gaming market. Solana Ventures is the creator of the Solana blockchain ecosystem which is popular in the gaming industry.
Solana Ventures, Forte and Griffin together have invested $ 150 million in funds in the global gaming market, reported. The investment aims to:
  • Invest in 3 web game makers to develop decentralized games on the Solana blockchain.
  • Invite and attract developers to build gaming apps and bring more gaming related developments to Solana.
    • Web3 games essentially allow users to engage in virtual space by owning assets.
    • In these games, players can freely exchange goods and services around the world and can participate in community economies that reward creativity, collaboration and skill.
    • They are able to generate opportunities to establish a market for these products and thus lead to the creation of a self-sufficient economy.
    • These games typically use non-fungible tokens (NFTs), which operate on the transparency and security of the blockchain digital ledger, to verify unique digital items.

Forte CEO Josh Williams said of the partnership that the prevalence of NFTs and other blockchain technologies have helped game developers provide their customers with real property rights while creating prosperous and self-sustaining markets within of their games. Forte provides tools for developers to include blockchain elements in games through an already established framework instead of starting from scratch.
This is Solana’s second investment in the game, the first being the partnership with FTX and Lightspeed, in which he has invested $ 100 million. This was launched in November.
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