The so-called “crypto winter” has slammed industry participants en-masse. But, there has been one firm that has been seemingly been left unfazed. The San Francisco-based Ripple Labs was recently revealed to have made a purportedly cash-only $100 million deal with a blockchain gaming upstart, which intends to build out a web of decentralized applications built by gamers, for gamers.
VentureBeat reports that Forte, a gaming firm that launched mere weeks ago, has joined hands with Ripple, through the Xpring initiative. This partnership will see the two entities create a venture fund, which will invest in gaming startups with blockchain facets (or plans to integrate blockchain) in a bid to spark adoption and innovation.