Solana Joins Forces With Two Companies To Work On Blockchain Games

Solana joins forces with two major companies Forte and GGP to support next-gen game designs focused on blockchain technology as we can see more today in our latest blockchain news.

Blockchain-based play-to-earn games that leverage NFTs exploded in popularity in 2021 and with the demand rising, Solana joins forces with Forte and Griffin Gaming Partners as they announced a $150 million fund to incubate the blockchain gaming startups. Solana Ventures partnered with Forte and Griffin Games Partners to establish a $150 million fund with the main goal being to help the budding NFT and play-to-earn games that are built on the Solana Blockchain while investing in Web 3 game makers. The partner at Solana Ventures Matthew Beck said:

“The ecosystem is still defining what the intersection of blockchain and gaming looks like. And I’m delighted to partner with Forte and Griffin Gaming Partners to help support this new generation of game designers and builders.”

Solana Ventures is the main investment arm of Solana Labs while on the other hand, Griffin Gaming Partners is a VC company that invests in gaming, and the San Francisco-based Forte Offers infrastructure and regulatory compliance for companies that seek to enter the blockcahin gaming sector. The announcement came at a time when blockchain games with the concepts of the metaverse and virtual worlds slowly entered into daily conversations.
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Blockchain tech allows game publishers to engage with the player bases in ways that were not really possible in the future.

According to the forte CEO Josh Williams, the game developers can offer players real property rights and build self-sustaining economies in the games thanks to the advent of NFTs and other related tools. This is the second rodeo for Solana Ventures in the blockchain gaming space and the investment firm joined Lightspeed Venture Partners and FTX to launch $100 million funds and invest in startups dedicated to blockchain gaming studio developments. The move to empower the games that are built on the Solana blockchain was premised on the high speed of the network as well as its low transactions. The partner at GGP Pierre Planche echoed the same sentiment and cited Solana as the main example of crucial technical developments which helped gaming and interacting media become the pillar of blockchain today.