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Ripple partner Forte attracts top devs at GDC as COO welcomes them to build games on EOS, Tron or other blockchains

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Ripple partner Forte attracts top devs at GDC as COO welcomes devs to build games on EOS, Tron or other blockchains
Source: Pixabay

Forte, a company co-founded by Kabam founder Kevin Chou and Kabam’s COO Kent Wakeford, attracted top game developers at the Game Developer Conference held in San Francisco, California.

In a fireside chat with Modern Consensus’ Martine Paris, Kent Wakeford discussed a wide range of topics ranging from the partnership with Ripple to the future of blockchain in the gaming industry.

Wakeford explained that even though games like Fortnite were making billions in revenue, there was a future for gaming in blockchain and added that “gaming was going to be a killer application for blockchain”. Illustrating the same, he added:

“A good example is CS:GO. They sell about $400 million a year in skins. It’s a sizable market, they make a great amount of revenue from it, and it’s a very healthy economy. The aftermarket [secondary markets] of trading of CS:GO skins is $1.2 billion, the developer typically doesn’t get a cut, but with smart contracts on the blockchain you can set rules for trading where the developer can take whatever percentage they want.”

He further said that with blockchain, the provenance of every item could be tracked even in the aftermarkets, which would be helpful for game developers and players. Wakeford said that this would create a new form of gaming dynamics, leading to the rise of peer-to-peer economies.

Speaking about Mythical Games on EOS blockchain, Wakeford added that he was an advisor for them even though they were partnered with “Ripple on the fund”. He added that they [Forte] were agnostic to all first-level protocols; whether people wanted to build on Ethereum, Tron, EOS or any other blockchain platform.



In addition, Wakeford said that they wanted developers to focus on making great games and develop great game economies by taking away the challenge and complexity to “make blockchain seamless in the background”.

Moreover, talking about Ripple, Wakeford said:

“Ripple believes that consumer behavior and mass market adoption of blockchain and crypto is likely to first come from the gaming community. Through our platform we are having XRP as a settlement currency for when people trade or sell NFTs Non-Fungible Tokens]… We are also leveraging Ripple’s Interledger technology which allows for some nice advancements in smart contracts. “





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

XRP

Ripple’s initiative invests in Bolt Labs to improve secondary payment channels and expand interoperability

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Ripple’s arm, Xpring which invests and incubates in companies and individuals which help improve the XRP ecosystem, invested in Bolt Labs. With the new investment, Xpring hopes to develop solutions that will help improve the security of secondary payment channels and increase the interoperability by integrating with the ILP.

Bolt is a private, off-chain scaling solution which was built on top of Z-cash, a privacy-focused cryptocurrency, has attracted more than a few well-known investors in the crypto-space and Ripple’s Xpring is one among them. In a blog, Bolt Labs said that their solution will focus not only on ZCash but also other publicly available cryptocurrencies that do not have inherent on-chain privacy features.

It also stated:

“The potential for these implementations to be networked together with technologies like Interledger opens the potential further for cross-chain interactions with these privacy guarantees baked in.”

The above statement suggests that they might have a “potential” implementation for these on Interledger Protocol [ILP]. ILP was created at Ripple developed by the Interledger W3C Community Group. ILP aims at connecting two different blockchains, to integrate two different ledgers and have seamless operations between them.



This would vastly benefit the payments industry, which is facing a revolution at the hands of a nascent technology like blockchain. Ripple, a payments provider, which is leveraging cryptocurrency and blockchain to facilitate faster payments, would benefit largely from this partnership. In addition, this could also signify a potential development on the  XRP Ledger and its on-chain/off-chain privacy and the currency, XRP.

A Twitter user @XRPCentre tweeted:

“If the solutions being developed by the company are able to improve the privacy of the ILP transactions, they would also be enhancing the privacy of XRP/ILP payments, which is a very demanded feature…. It’s all about interoperability and destroying network effects. If ILP succeeds in being the best protocol for cross-protocol/ledger transactions, you’d naturally search for the best asset therein.”





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