According to multiple sources close to Axios, blockchain gaming start-up Forte recently announced it intends to raise $185 million at a post-money valuation of $1 billion. Griffin Gaming Partners led the most recent round of funding with contributions from Union Grove Venture Partners, Andreessen Horowitz, and Battery Ventures.
“Our platform offers an unprecedented set of easy-to-use tools and services for game developers to integrate blockchain technology into their games, and support thriving community-focused economies,” it says on the Forte website. “To help ensure the games community at large will benefit from it for years to come, we’re committed to progressively decentralizing our platform so it is free, open, and community-owned.”
According to Axios, Forte hopes to decentralize its platform in the long run, eventually “building the niche equivalent of Internet infrastructure.” Axios also says the company hopes to “dissolve itself” in the future.