Crypto gaming startup Forte today announced it has taken in $725 million in Series B financing, adding to its haul of $185 million from a Series A round this May.
Sea Capital and Kora Management led the funding round, with recognizable players such as Andreessen Horowitz, Animoca Brands, and Warner Music Group also participating. In a sign of Forte’s multichain ambitions, Cosmos, Polygon Studios and Solana Ventures—the venture wing of Solana Labs—all took part in the Series B.
Forte is fine-tuning a platform that allows game creators to put blockchain elements into their games. That includes NFTs that players can collect as well as wallets to store them in. According to Forte, the vision is to move past the current gaming paradigm. “In blockchain-enabled games, players can truly own goods, rather than making pure entertainment expenditures,” it wrote in a press release. “Players around the world can freely trade goods and services with each other, and can participate in community economies that reward creativity, collaboration, and skill.”
