Ripple and Forte to Use Xpring in Tokenizing In-Game Items to Assets
For most crypto enthusiasts and blockchain believers in general, any sign of adoption of a crypto or application of blockchain technology is good news and definitely a step in the right direction. This adoption has been felt in most sectors and recorded increase is still happening all over the world.
The world of gaming is about to see the creation of more assets as game developers are looking to revolutionise investments bought by players when they buy certain items in the games. Current reports say that firms like Forte, the gaming startup, and the Animoca Company based in Hong Kong are currently working to make assets out of some of these gaming items.
Ripple and Forte
A lot of games allow players to spend real money in buying certain goods or packages within the game, which may be used to increase their chances in the game or help them push towards completion. Normally, these items vanish irrecoverably once the game is over. With this new effort, there might be a chance to properly end that.
A little while ago, Xpring – Ripple’s initiative to help invest, incubate and acquire grants for developers and other blockchain projects, collaborated with blockchain gaming startup, Forte, to successfully create a $100 million fund geared towards helping game developers.
Now, Ripple’s official Twitter account has confirmed support by posting this tweet:
“There’s an exciting opportunity to leverage blockchain technology in the gaming world and we’re thrilled to support @forteplatform through #Xpring.”
Forte is also looking to add more value to games, for players to have an experience bigger than gameplay. According to Kevin Chou, CEO at Forte:
“Imagine a person who’s spending three or four hours a day playing a game and is plugged into the community, talking about what’s going on in their lives with their friends.”
Furthermore, Xpring in its collaboration with Forte, is trying to incorporate Codius, interledger and also XRP for payments on their gaming platform. This, according to Ethan Beard who is the lead at Xpring, is a great way for blockchain technology to be used in the gaming sector.
Other Involvements by Ripple
This isn’t the first time Ripple is using its resources to expand blockchain into other things. XRPL Labs, run by Wietse Wind, has significantly benefitted from the firm and was able to start the XRP Payments system. We can only expect more Ripple-backed developments in the industry.