Forte – RE3W.IO

SuperLayer Gets New $5M Investment From Forte That Will Be Allocated Towards Their $25M Fund with Polygon

admin — Sun, 18 Dec 2022 03:17:18 +0000

In 2021 Forte passed the $1 billion valuation mark and raised $910 million across two funding rounds. The blockchain gaming platform is now looking to branch out to other web3 verticals through a partnership with startup venture studio SuperLayer. San Francisco-based SuperLayer was co-founded by managing partners Kevin Chou and Mahesh Vellank.

The Forte platform is intended to allow game publishers to easily integrate blockchain technologies into their titles, including features such as token wallets and non-fungible token (NFT) transactions. Under the strategic partnership, Forte will serve as SuperLayer’s preferred crypto payment and liquidity services provider for projects. SuperLayer will, in turn, provide the infrastructure support to expand Forte’s verticals.

Along with the partnership, Forte contributed $5 million to the $25 million funding round that SuperLayer announced in August, which was led by the Polygon blockchain. SuperLayer will use the funds towards companies in its second incubation round.

The co-founder and managing partner is Mahesh Vellank. Forte’s Chief Development Officer is Linda Chew.

NFT Marketplace Magic Eden Appoints Chris Akhaven as Chief Gaming Officer

admin — Wed, 14 Dec 2022 02:24:28 +0000

NFT marketplace, Magic Eden, appoints industry veteran Chris Akhavan as Chief Gaming Officer (CGO). In his new role, Chris Akhavan will apparently help drive the growth of Magic Eden’s gaming partnership and support the development of advanced game creator and collector experiences. The company hopes to solidify its identity in the web3 space, estimating that web3 gaming will grow into a multi-billion dollar-per-year industry.

Chris Akhavan is an industry veteran who has held a variety of roles including Chief Revenue Officer at Glu Mobile. Prior to Glu, Chris Akhavan also served as an early employee at Tapjoy, which created a platform used by many free-to-play games and reached over a billion mobile devices. He gained web3 experience while serving as CBO of Forte and as a part of Game7.

Game7 Has Announced $100 Million Grant Program For Blockchain-Enabled Games

admin — Wed, 30 Nov 2022 02:47:17 +0000

Game7 announces a $100 million grant program to help accelerate blockchain-enabled games.

Game7 describes itself as a web gaming-focused decentralized autonomous organization (DAO). The Game7 DAO’s treasury includes $500 million committed by the high-profile decentralized autonomous organization BitDAO and blockchain game platform Forte.

The grants will be deployed over five years at $20 million per year to projects across five categories, technology, events, diversity, education, and research. The cross-chain program has support from the Polygon, Solana, Immutable, and Arbitrum blockchain ecosystems with plans for further expansion over the coming months.

Game7 core contributor Ronen Kirsh stated:

“Improving smart contract standards, tooling, interoperable wallets, and scaling solutions will be crucial on the path to global adoption of Web3 games. We have allocated 20% of our committed treasury to fund each of these crucial components so the gaming industry can focus on building sustainable game economies.”