Today Ripple
announced its funding arm, Xpring, is planning a $100 million investment in the gaming sector to promote the use of XRP for in-game economies. Forte, the newly announced blockchain gaming platform will operate the fund.
Investments will target game economies with more than 50,000 daily active users. Game developers seeking financing also need to have an interest in using blockchain for innovation including potentially new game designs.
Ripple’s Interledger Protocol will be used for cross-chain interoperability to enable the conversion of in-game tokens to XRP for settlement.
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