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Cryptocurrency News Articles

Forte Blockchain Gaming Platform Branches Out to Other Web3 Verticals Through Partnership With SuperLayer

Jun 17, 2024 at 09:01 am

After a strong 2021 in which it passed the $1 billion valuation mark and raised $910 million across two funding rounds

Forte Blockchain Gaming Platform Branches Out to Other Web3 Verticals Through Partnership With SuperLayer

Blockchain gaming platform Forte has partnered with startup venture studio SuperLayer to expand into other Web3 verticals.

The partnership will see Forte serve as SuperLayer's preferred crypto payment and liquidity services provider for projects, while SuperLayer will provide the infrastructure support to expand Forte’s verticals.

Forte also contributed $5 million to the $25 million funding round that SuperLayer announced in August, which was led by the Polygon blockchain.

The funds will be used towards companies in SuperLayer's second incubation round, co-founder and managing partner Mahesh Vellank told CoinDesk in an interview.

The startup plans to include eight to 10 companies, up from the seven in the first round, and the capital will provide pre-seed investments in each company.

“The core tenets of blockchain are applicable much more broadly than just games, whether it’s e-commerce or loyalty systems or social. There’s really a number of different verticals where we see enormous potential,” Forte Chief Development Officer Linda Chew told CoinDesk.

San Francisco-based SuperLayer was co-founded by managing partners Kevin Chou and Vellank. The pair also helped found Forte, which is now independent, and Rally, a platform where creators can build their own tokenized economies.

The venture studio, which was founded in 2022, also counts executives from PayPal, Google and Meta among its limited partners (LPs).

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