Forte, which is developing a platform for blockchain game development, didn't let the white-hot crypto gaming fundraising space pass it by.
Forte announced it raised a $725 million Series B, led by Sea Capital and Kora Management, and supported by a cadre of well known crypto funders.
The fundraise comes just months after Forte's May $185 million Series A, which valued the company at $1 billion. An updated valuation was not disclosed.
The blockchain gaming sector has been extremely active in recent weeks. Just since October, video game companies like Electronic Arts, Square Enix and Ubisoft all announced plans to dive into play-to-earn gaming and NFTs and have each started to hire to fill out the project plans.
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Animoca Brands, a16z, Cosmos, Polygon Studios and Solana Ventures were all among the investors that filled out Forte's fundraise.
Forte said it plans to use the funding to onboard new game developers to its platform and expand services. Its game-development platform is currently invite-only. Forte claims to over 25 active participants.
A successful game development platform could be more kindling for what has become one of the most popular investment sectors in the NFT space.