This fund will be managed by Forte, and it will be used in order to integrate the blockchain tech and XRP into existing games which boast more than 50k daily active users.
Forte’s platform is designed to give developers an easy way to integrate the blockchain tech in order to boost user engagement, enhance monetization and offer players complete control over their in-game assets.
Xpring keeps ramping up investments
Xpring continues its significant investments to boost the whole XRP ecosystem.
They also recently invested in Kava Labs which is developing an open payment system for crypto, and they’re also funding the Dharma Protocol which has the goal to create a crypto-based decentralized loan platform.
Ripple is also backing Raised in Space Enterprises which is a startup that’s planning to use crypto such as XRP to revive the music industry.
Another important investment that’s definitely worth mentioning is Xpring’s contribution to a new round of fundraising at SendFriend which will use xRapid to lower fees involves in cross-border transactions.
Ripple created Xpring back in May 2018 with the goal of offering investments and grants to entrepreneurs who will use the XRP digital asset and the XRP ledger.