Alto.io announces strategic partnership and investment from FlowPlay

Things are scaling up quickly for Singapore-headquartered blockchain game platform Alto.io.

It’s recently announced its forthcoming Ethereum-based tech will also support other blockchains including Hedera Hashgraph, MagnaChain and NEO.

But the latest news is more significant given that it combines investment and a strategic partner in the shape of US game developer FlowPlay.

Best known for its social casino games, although it also runs teen-girl MMO Our World, FlowPlay will also advise Alto.io during its ‘Item-First’ platform’s development.

We look forward to working alongside the FlowPlay team to advance the use of blockchain in games.

Chase Freo CEO, Alto.io

The platform, which includes components such as Alto Forge, Alto Wizard and Alto Wallet, is expected to go live in early 2019.

FlowPlay makes Alto.io better

“FlowPlay’s long history and deep expertise in the casual games space makes the company’s insights invaluable to the mission of Alto.io,” said Chase Freo, Alto.io CEO.

“We look forward to working alongside the FlowPlay team to continue refining the model, evolving the technology, and advancing the use of blockchain in games.”

“Mounting player acquisition costs and a centralization of casual games distribution channels has made the free-to-play market extremely challenging for small developers to break into,” added FlowPlay CEO Derrick Morton.

“Through this partnership in Alto.io, we are investing in not only the company and the future of blockchain game technology, but also the future potential of many yet-to-be-developed games that could not exist without a solution like Alto.io.”

You can find out more about what Alto.io gets up to via its website, and also check out Chase Freo talking about its Item-First approach at Blockchain Gamer Connects San Francisco 2018 below.

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