Jacquelyn Melinek

<div id="highlights-block_61b8cb8c01cee" class="highlights">
 <ul>
 <li>Forte is a platform where game developers, players and communities can integrate blockchain technologies into their games</li>
 <li>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</li>
 </ul>
 
</div>



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.



Solana Ventures is the strategic investment arm of Solana Labs, which is home to a blockchain ecosystem of over 400 projects across crypto areas including <a href="https://cms.blockworks.co/the-investors-guide-to-defi/" target="_blank" rel="noreferrer noopener">DeFi</a>, <a href="https://cms.blockworks.co/the-investors-guide-to-nfts/" target="_blank" rel="noreferrer noopener">NFTs</a> and Web3.&nbsp;



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 <a href="https://cms.blockworks.co/ftx-solana-ventures-and-lightspeed-create-100m-web3-gaming-investment/" target="_blank" rel="noreferrer noopener">reported</a>.&nbsp;



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.&nbsp;



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">“Blockchain is enabling publishers to engage with their player bases in innovative ways,” Forte Co-founder and CEO Josh Williams said in a statement. “Where 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.”</blockquote>



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 <a href="https://cms.blockworks.co/forte-adds-725-million-in-funding-to-push-blockchain-gaming-forward/" target="_blank" rel="noreferrer noopener">reported</a>.&nbsp;



Separately, Griffin Gaming Partners is a venture capital firm that has invested over $400 million in <a href="https://griffingp.com/ggp-portfolio/" target="_blank" rel="noreferrer noopener">26 companies</a>, including Forte and the instant messaging platform Discord.&nbsp;



“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.



<hr class="wp-block-separator"/>



Get the day’s top crypto news and insights delivered to your inbox every evening.&nbsp;<a href="https://cms.blockworks.co/newsletter/?source=end" target="_blank" rel="noreferrer noopener">Subscribe to Blockworks’ free newsletter</a>&nbsp;now.



<hr class="wp-block-separator"/>