Connect with us


Ripple-Backed Forte Adds 5 More Gaming Partners



Ripple partner Forte announced that it had teamed up with five game developers to leverage its blockchain platform for mobile and PC games.

Forte Partners with Makers of Power Rangers: Battle for the Grid, Smite

Forte, a blockchain platform provider and a partner of Ripple, announced that it had reached agreements with five game developers to create blockchain-based games. Forte’s new partners are Hi-Rez Studio, Magmic, Netmarble, nWay, and DECA Games.

The five companies are pretty well-established. For instance, Hi-Rez Studios is maker of Smite, Netmarble created Marble Future Fight, nWay is known for Power Rangers: Battle for the Grid, while Magmic is behind card games like Simple Spades.

Previously, Forte joined forces with other game developers, including Other Ocean, Disruptor Beam, and Kongregate.

Last year, Forte and Ripple launched a $100 million fund to invest in developers that create games based on blockchain.

The recent partnership will see the five developers adopting Forte’s blockchain platform for various games. The technology can be used to authenticate rewards and digital items like virtual goods or game characters.

Forte’s VP of Marketing Kaiser Hwang told Forbes that gaming represents an ideal use case for the distributed ledger technology (DLT).

Games today already involve millions of players participating both in a community and an economy. Blockchain technology allows developers to safely and securely provide players a way to own in-game assets, trade with each other, and even earn income through playing with each other. The technology offers ways to address many economic issues found in the games industry today by unlocking more equitable and sustainable business models.

What’s In It For Ripple?

The Ripple community was somewhat surprised last year when it found out that the company led by Brad Garlinghouse would deal with Forte. Ripple is usually focused on banking partnerships. Nevertheless, the two announced the $100 million fund to invest in game developers.

While Forte representatives said that it couldn’t speak on behalf of Ripple, they admitted that the latter is confident about the future of blockchain in the gaming industry.

Hwang stated:

Ripple is a close and valued partner of ours. While we operate separately and can’t speak directly for them, we both believe in a future for games that is open and interoperable. That’s why we’re leveraging open source protocols like Interledger, which seamlessly facilitates cross-chain transactions, in our platform. This directly benefits game developers by letting them focus on creating great experiences instead of worrying about a particular technology or the need to become an expert in blockchain.

What do you think about Forte’s deal with Ripple? Share your thoughts in the comments section!

Image via Shutterstock

Source link


Blockchain identity market to grow $3.58B by 2025, report claims




A new report on the potential for blockchain identity management solutions to become integrated across sectors has forecast strong growth for its global market, at a compound annual rate of close to 71%.

The report grounds its predictions on a study broken down into segments: by sector – e.g., government, healthcare, banking, financial services and insurance (BFSI) – geography, and applications. It was published by the Lyon-headquartered market research solution provider ReportLinker. 

Drawing on an analysis of several existing blockchain identity management market vendors – Accenture, Amazon, Bitfury Group, Civic Technologies, and others – the report expects the total global market to grow by $3.58 billion between 2021 and 2025.

Related: The future of DeFi is spread across multiple blockchains

The study’s baseline assumption is that the market for blockchain identity management will continue to expand as the proliferation of online and cloud services and digitalization more broadly continue apace. As Cointelegraph has previously reported, the demand for more efficient, decentralized and privacy-respecting identity solutions has arisen in a vast array of diverse sectors, from public services to logistical and supply chain networks, and all the way down to consumer wearables and other smart devices.

With increasing digitalization, a form of secure identity verification to access basic services – both public and private – online is quickly becoming an inescapable requirement; some have gone so far as to argue that privacy-preserving digital identity needs to be recognized as a basic right for all.

In tandem, with the global user base of social media networks now exceeding the 3.8 billion mark, some advocates have argued that blockchain offers the only adequate, equitable identity solution that can protect these users from threats such as data theft and privacy abuses. 

Earlier this month, Ethereum co-founder and lead developer Vitalik Buterin pitched his vision of the future of the Ethereum network across a range of non-financial applications, singling out areas that included both decentralized social media and identity verification and attestation.