Solana Ventures Funds $150M Web3 Initiative With Forte, Griffin Gaming
This is Solana’s second gaming-focused investment after joining forces with FTX and Lightspeed Venture Partners last month to create a $100 million Web3 gaming investment initiative
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- Forte is a platform where game developers, players and communities can integrate blockchain technologies into their games
- Griffin Gaming Partners is a venture capital firm that has invested over $400 million in 26 companies, including Forte and the instant messaging platform Discord
Solana Ventures launched a $150 million Web3 gaming fund initiative in a partnership with the gaming-focused blockchain platform, Forte and Griffin Gaming Partners, the companies shared Tuesday.
This initiative is Solana’s second gaming-focused investment. At the beginning of November, Solana also joined forces with FTX and Lightspeed Venture Partners to create a $100 million Web3 gaming investment initiative, Blockworks previously reported.
Solana did not respond to requests for additional comment by Blockworks on the new initiative.
Forte is a platform where game developers, players and communities can integrate blockchain technologies like minting and selling non-fungible tokens, payment rails and other services for blockchain token economies into their games.
Forte’s platform currently works with over 40 game developers and has raised more than $900 million from a handful of investors including Andreessen Horowitz (a16z), Animoca Brands, Warner Music Group, Cosmos, Polygon Studios and Tiger Global. Last month, it closed its Series B which added $725 million of capital from Sea Capital and Kora Management, Blockworks reported.
Separately, Griffin Gaming Partners is a venture capital firm that has invested over $400 million in 26 companies, including Forte and the instant messaging platform Discord.
“Griffin is excited to continue to partner closely with Forte and Solana to help move the blockchain gaming ecosystem forward with a focus on the right technology, quality game-play, and long-term value,” Nick Tuosto, co-founder of Griffin Gaming Partners, said in the release.
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