Forte has concluded its Series B funding season with $750 million in banks. This is the largest fundraiser of a blockchain-based company this year so far.
We’re delighted to announce the close of our Series B from a diverse group of titans across games, entertainment, and blockchain. The funding underscores the belief that a more equitable future is possible for players, developers, and fans alike. https://t.co/lW1AnetOVX
— Forte (@FortePlatform) November 12, 2021
Forte’s Series A funding secured them $185 million at a $1 billion valuation, giving it the status of a blockchain unicorn.
What is Forte?
The company provides support to NFT and token-based game developers to create a self-sustaining ecosystem. Forte enables game developers to integrate blockchain-based solutions in the game environment.
Features such as wallet integrations, AML/KYC compliance solutions, payment rails, NFT minting make Forte the go-to solution for devs. In addition, it also takes care of the security side with services like anti-money laundering, tax compliance, and IP protection, and a lot more.
In other words, Forte is a company that allows a blockchain-agnostic environment and enables various L1-L2 platforms to use its service. What makes the platform even more desirable is its efforts to make web3 gaming more accessible to a wider community.
Investors Behind Forte
The platform has secured investment from companies like Solana ventures, Andressen Horowitz, Cosmos, Polygon Studios, Animoca brands, etc.
Daniel Jacobs, Kora Capital’s founder and one of the principal investors praised Forte’s flexibility and adaptability. He said, “Forte has incredible traction in the gaming space, due in part to the robustness of its technical and compliance solutions.”
Forte is so far a private ecosystem with invite-only access used by more than 25 world-class game developers. However, once they release the platform in the market, it’ll be used by more than 15 million gamers across platforms.
Moreover, the project has a team of accomplished game developers from companies like Electronic Arts, Sony, Rockstar Games, Unity, etc.
The blockchain-based gaming industry with the play-to-earn model is booming. Most importantly the integration of NFTs has made it a lot more attractive to gamers to switch to web3 games. Even traditional companies like Epic Games are opening their doors to blockchain games.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
