Today, blockchain firm Forte announced partnerships with game developers Hi-Rez Studios, Netmarble, Magmic, nWay, and DECA Games. Each company will use Forte’s blockchain solution with one of the games. The platform aims to add new revenue streams for developers as well as gamers.
While Netmarble may not be a household name in the West, the Korean gaming firm has a market capitalization of $6.5 billion.
Currently, nearly all games have a closed eco-system where gamers pay the publisher or developer for items used in the game. However, players do not truly own these digital assets, which are invariably deleted once the game is wiped off the hard drive. Previously, Valve, the developer of the Steam platform, banned third-party sites that allowed users to sell or trade items from games like CS:GO and DoTA2.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
