Big Money Apes Into Blockchain Gaming With $725M Fundraising for Forte

Major crypto players Andreessen Horowitz (a16z), Cosmos, Polygon Studios and Solana Ventures were among those that have invested an additional $725 million in funding to close a Series B round for the blockchain gaming platform Forte.

• The round was led by Sea Capital and Kora Management with a number of game and media publishers also participating, including Animoca Brands, Big Bets (Huuuge Games), Overwolf, Playstudios, Warner Music Group and zVentures (Razer).
• Funding will be used to expand Forte’s products and services, as well as speed up the onboarding of emerging game and content publishers.
• Forte’s platform is used by gaming publishers to incorporate blockchain technology into their games. The platform also allows non-fungible tokens (NFTs) to be minted and sold.
• In May, Forte raised $185 million in a Series A round at a $1 billion valuation led by Griffin Gaming Partners.
• This recent funding brings Forte’s total capital raised this year to more than $900 million.

Read more: Polygon Launches Unit to Grow Blockchain Gaming, NFTs