XRP Will ‘Serve as a Base Settlement Pair’ in New Blockchain Game-Development Iniative

Share Article

Ripple development initiative Xpring has partnered with games-focused blockchain company Forte to support game development and further push blockchain technology into the mainstream gaming consciousness — to the tune of $100 million.

The inaugural fund will be managed by Forte and will target those game developers with already-successful live game economies who are interested in using blockchain technology to advance both game design and their businesses.

According to an official press release, Forte will leverage Ripple’s Interledger Protocol. Ripple’s XRP coin will serve “as a base pair settlement.”

Container-based hosting solution Codius will also be used to support cross-chain interoperability from the start. On that subject, Forte’s Chief Platform Officer, Brett Seyler, stated:

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.

Big Backers

Forte itself is backed by a whole host of blockchain/cryptocurrency industry players, including a16z crypto, Andreessen Horowitz, Battery Ventures, Canaan Partners, Coinbase Ventures, and 1confirmation.

Individuals backing the company include Coinbase co-founder Fred Ehrsam, Coinbase CTO Balaji Srinivasan, and former Dean of Berkeley’s Haas Business School Richard Lyons.

Though Ripple has certainly not shied away from partnerships in 2018 and 2019, the collaboration between Forte and Xpring appears to be one of legitimate significance, particularly in the ever-growing gaming industry.

No Price Reaction

Despite the news that XRP will serve “as a base pair settlement,” the price of the third-ranked cryptocurrency by market capitalization has failed to react. At the time of this writing, XRP is down 0.64 percent over the last 24-hours.

It appears as though announcements, unless truly groundbreaking, should not cause a price pump for XRP in the medium-term — particularly following the long-awaited announcement that Coinbase would list the coin.


All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Share Article

Related topics

Dani Polo is the Head of SEO of BeInCrypto.com. For over 7 years Daniel provided SEO for companies ranging from small businesses all the way up to Fortune 500 corporations. Focused in Fintech and Finance sector. Daniel earned his Bachelor of Science in Computer Science from Universitat Politècnica de Catalunya. He also has certifications from <a href="https://www.startupschool.org/companies/OfSpP1eI1th6SQ"> YCombinator Startup School</a>, SEMRush and Hubspot. He's currently focused on machine learning and artificial intelligence.

Follow Author

Trade with the Best Crypto Signals - guaranteed profits with over 70% accuracy

Join now

Want to learn how to trade? Get a beginners guide from BeInCrypto Academy!

Learn now

Bybit Bonus Bash. $1,000 Bonus to be Won!

Join now