Today blockchain gaming platform Forte said it closed a $725 million Series B funding round, led by Sea Capital and Kora Management. Other investors include Animoca Brands, Warner Music, Tiger Global and Andreessen Horowitz (a16z). It also secured backing from blockchain partners Cosmos, Polygon Studios and Solana Ventures. In May, Forte raised a $185 million Series A at a $1 billion valuation.
Forte’s platform provides blockchain tools for game developers such as token wallets, non-fungible token (NFT) minting and selling, and payments. It also provides anti-money laundering and compliance as part of its solution.
“Today it (gaming) is the largest form of entertainment globally—larger than film and music combined—with nearly $180 billion in annual revenue,” said Forte co-founder and CEO Josh Williams. “We believe we are at the forefront of a new technological wave, and blockchain gaming will be even bigger than all the shifts we’ve seen before. Forte’s mission is to prepare all game developers, big and small.”
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