Blockchain gaming company Forte announced that it has acquired N3twork’s technology platform to further accelerate growth in blockchain games.
As part of the deal, the N3twork team will join Forte and N3twork founder Neil Young will lead Forte’s Games Industry business unit.
“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,” said Neil Young, co-founder and CEO, N3TWORK. “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.”
Providing an end-to-end solution for token-based game economies and NFTs that benefits the community, Forte raised $725 million Series B in November, led by Sea’s venture arm and Kora Management, with participation from Animoca Brands, Playstudios, and Netmarble. The company’s capital raise totaled more than $900 million in 2021. In December, Zynga announced that it partnered with Forte to promote and pursue the exciting opportunities in the blockchain games market.
“We have a huge vision with Forte—one that can create massive new creative and economic opportunities for billions of people around the world,” said Josh Williams, co-founder and CEO, Forte. “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.”
Following the acquisition, the games teams from N3TWORK will form a new independent games company, N3TWORK Studios. N3TWORK Studios will utilize Forte’s blockchain solutions to build and operate a diverse portfolio of titles, including its new multiplatform Legendary Heroes Unchained, and its upcoming Triumph mobile game.
“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,” Williams added. “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.”