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Ripple’s Xpring Helps Launch $100 Million Fund for Game Developers

March 12, 2019 / Anna Baydakova

Xpring, Ripple’s grant network for developers launched last May, is stepping into the $140 billion global gaming industry. The project has partnered with the gaming blockchain startup Forte to create a $100 million fund to support game developers, the companies announced on Tuesday. According to a report in the Verge, all of the money will come from Ripple and Forte will manage the fund, which aims to accelerate mainstream adoption of blockchain technology in gaming. Forte’s tech leverages “open-source solutions designed in collaboration with Ripple,” the announcement says. These solutions include the open-source Interledger Protocol, the Codius platform (created for smart contracts but described here as a “container-based hosting solution”) and the use of the cryptocurrency XRP for settlements. “Blockchain technology has the potential to improve game designs and help developers run better and more successful game economies, but for many develo...