$100 Million Blockchain Fund By Forte And Ripple To Change The Game For Video Game Developers

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If you’ve been looking for video game developer jobs or a platform to build multiplayer video games on blockchain, you just might be eligible to benefit from the recent $100 Million fund by Ripple and Forte. This may be the perfect opportunity for you to enter the XRP rich list. The fund, which was announced on Tuesday, aims at integrating multiplayer video games on the blockchain. Developers will enjoy a $100 million fund that will change the game in the gaming industry.

XRP News Today: How Forte And Ripple Intend Promote Video Game Developer Jobs

The fund will be used to promote video game developer jobs for the integration of multiplayer video games on the blockchain. It will allow video game developers to create new in-game marketplaces for digital goods on the blockchain. The San Francisco based company, Forte, which is made up of the world’s most prominent gaming executives, has decided to oversee this fund. The fund is being backed by some of the big brands in Silicon Valley including Coinbase Ventures, Andreesen Horowitz, and Battery Ventures. One of Ripple’s executives, Ethan Beard had this to say about the fund:

“Video games have long been quick to adopt new technology, from console to the PC to mobile. Now, blockchain will help game designers who’ve had a hard time facilitating an economy that can serve all types of players,”

When it comes to the video gaming world, the potential of blockchain technology is limitless. It allows users to be immersed in a whole new digital world that allows them to bring their multiplayer in-game characters from one game to the other.

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.387888
4.15%

This isn’t the first time blockchain is being used to trade digitally in the gaming world. In 2017, a blockchain-based game, Crypto Kitties, allowed users to trade digital cats on the platform. However, what Crypto Kitties could do was just a proof-of-concept that showed the world the potential of blockchain technology in multiplayer video games. Brett Seyler, an executive at Forte said:

“Crypto Kitties introduced what a blockchain could do. It showed the benefit of having a public record of transactions people could trust, and how an in-game economy is well suited to blockchain.”

According to Seyler, the only thing that prevented Crypto Kitties from retaining traction was a lack of scalability on the Ethereum blockchain. There were too many transactions being made at a particular time and this led to network congestion. Rather that depend on Ethereum, Forte depends on Codius and Ripple’s Interledger Protocol that is used to conduct open source transactions across blockchains.

How Will The $100 Million Fund Affect XRP?

The $100 fund is going to provide more blockchain video game developer jobs across the globe as it will be distributed in XRP across game developers. These developers will have the opportunity to become members of the ever-growing XRP rich list if they are able to create games that users enjoy. For those who are always interested in XRP news or XRP Price Prediction 2019, this is a good thing.

Ripple holds 60% of the total XRP in population. So, good news for Ripple often means good news for XRP. Since the fund is going to be in XRP rather than fiat, this will help promote the adoption of the token. If the multiplayer video game developers decide to integrate the Interledger Protocol, this will also promote the adoption of XRP.

What do you think about this $100 fund Ripple and Forte for the integration of blockchain technology in multiplayer video games for the creation of more video game developer jobs? Share your thoughts in the comment section.

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