Forte acquires N3twork’s platform to grow blockchain games
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Forte has acquired N3twork‘s platform to accelerate growth in blockchain games, while N3twork’s games division will become a new independent studio.
The deal means N3twork will split into two parts, with Forte acquiring N3twork’s technology for making games more successful and San Francisco-based N3twork Games spinning off into a new company called N3twork Studios.
The N3twork platform team will join Forte as a part of the transaction; N3twork founder Neil Young will lead Forte’s games industry business unit, and he will remain executive chairman of N3twork Studios.
“We have an end-to-end to end platform that makes it easy for game developers to leverage blockchain technology to introduce player-to-player economies, interoperate across various blockchains, and use the blockchain ecosystem to tap into the huge market around tokens, globally,” said Josh Williams, CEO of Forte. “But to really do that the right way, we’re going to see the space evolve, and we’re going to see game economies get more and more complicated. And so having tools to make it easy for developers to not only create those economies, but to really scale them, is needed.”
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Williams said that N3twork was successful with its platform in the free-to-play mobile games market in helping companies build their economies, and similar tools and systems will be needed in blockchain games.
“And of course Neil, and his team, are a big part of the reason
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