Gaming industry piles into Forte's $725M raise

Blockchain gaming platform developer Forte has added $725 million to a war chest built on capital from global gaming publishers.
 

• The Series B was led by hedge fund Kora Management and Sea Capital, the corporate VC arm of Singaporean gaming and consumer tech conglomerate Sea. Other gaming backers in the round included Animoca Brands, Huuuge, Overwolf and Playstudios.
   
• In May, the company raised $185 million at a $1 billion valuation led by Griffin Gaming Partners.
   
• Gaming investors see a future in which digital goods are traded on in-game marketplaces secured by the blockchain, creating new revenue streams for publishers, developers and players.
   
• Forte's platform allows game developers to embed crypto features such as non-fungible tokens and wallets. The startup also handles anti-money laundering checks, intellectual property security and other compliance tasks.

 

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