Solana Ventures, Forte, and Griffin Gaming Announce $150M Investment On Blockchain Games 

ChainPlay

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3 years ago

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An announcement from Solana Ventures, Forte, and Griffin Gaming Partners made it public that the three companies will put a  $150 million investment into blockchain games. This hefty investment aims at boosting Web 3 game developers who are making decentralized games on the Solana blockchain. This blockchain is the brainchild of Solana Ventures, which represents Solana Labs' strategic investment side. Forte on the other hand avails infrastructure for regulatory compliance in gaming companies seeking to shift to blockchain gaming technology. The other party in this investment, Griffin Gaming Partners, comes with among the biggest game investment funds. During the announcement, while hinting at what this investment centered around, a Partner at Solana Ventures, Matthew Beck mentioned that “The ecosystem is still defining what the intersection of blockchain and gaming looks like.” Blockchain gaming enables players to own goods rather than emptying their pockets for entertainment’s sake. Players in blockchain games have the ability to trade both goods and services. They can also be part of community activities that give them rewards for their skill, creativity and collaboration. These technological advancements required a lot of effort to come to life. One of the partners at Griffin Gaming Partners seems to be of a similar opinion. In a statement applauding Solana, Pierre Planche noted that

“Gaming and interactive media would not be a cornerstone of blockchain today if it weren’t for the many technical developments the community has accomplished in the past decade. Solana is a premier example, having helped pave the way with scalability and UX fit to match these demanding experiences.”

Solana's is not the only noticeable contribution. Fortes too has a fair share of the spotlight. The company makes it simpler for game builders to integrate their games smoothly into the blockchain. Speaking during the announcement, Forte’s CEO Josh Williams:

“Blockchain is enabling publishers to engage with their player bases in innovative ways. Game developers once had to continuously create new content for players to consume as one-time purchases. With the advent of NFTs and other blockchain technologies, game developers can now offer their audiences real property rights and create self-sustaining and thriving economies within their games.”

NFTs have certainly grown popular within the last year. In fact, NFT-based games like Axie raking in a ton of profits for players and investors alike. That said, this super-equipped trio shows a lot of promise for the growth of Solana’s Web 3 games.