Forte, a leading blockchain solutions provider for game publishers, has acquired N3TWORK‘s technology platform. The N3TWORK platform team will join Forte as part of the transaction; N3TWORK founder Neil Young will head Forte’s Games Industry unit.
Forte’s Co-Founder and CEO, Josh Williams, gave the following words in his speech:
“We have a huge vision with Forte—one that can create massive new creative and economic opportunities for billions of people around the world, To do that will require the right resources and talent. In an ever-changing landscape, acquiring N3TWORK’s platform group will enable Forte to go even faster than we can alone. Neil and his team share our vision, and will help accelerate the adoption of blockchain technology, build a robust, scalable platform where we will rethink how games are built, operated, marketed, and financed. Most importantly, we will redefine how economics are created and distributed across a games landscape bigger than anyone has imagined so far. Together, we will go beyond reimagining games.”
N3TWORK game teams will form a new indie games company, N3TWORK Studios. N3TWORK Studios will use Forte’s blockchain solutions to build and operate a diverse portfolio of games, including the new multiplatform Legendary Heroes Unchained and the upcoming mobile game Triumph.
Neil Young, Co-Founder and CEO of N3TWORK, made the following comments about the acquisition:
“I’m delighted and incredibly excited to be joining Forte to lead our Games Industry endeavor as we pursue our mission to revolutionize the entire ecosystem through the blockchain, Forte is helping enable this revolution, and together we see an opportunity to fundamentally change every aspect of our industry in a way that benefits every participant in the games ecosystem—from player to publisher, from marketer to maker. The impact of the blockchain on the gaming landscape will be profound, and we are so excited to be a part of leading that change.”
Forte’s platform allows game publishers to easily integrate blockchain technologies into their games, providing features such as seamless token wallets, NFT generation and sale, payment solutions, and other services built specifically for blockchain token economies and management. Players worldwide can freely trade goods and services with each other and participate in community economies that reward creativity, collaboration, and skill.
Forte, recently led by Sea Capital and Kora management, includes the decisive game and media publishers Animoca Brands, Big Bets (Huuuge Games), Overwolf, Playstudios, Warner Music Group, zVentures (Razer), as well as blockchain partners Cosmos, Polygon. It ended its $725 million funding round with support and funding from Studios and Solana Ventures. Investors such as Griffin Gaming Partners, Andreessen Horowitz (a16z), and Tiger Global participated in the funding round.
