{"id":645,"date":"2022-05-02T16:49:28","date_gmt":"2022-05-02T16:49:28","guid":{"rendered":"https:\/\/boltlabs.tech\/?p=645"},"modified":"2023-09-12T18:51:19","modified_gmt":"2023-09-12T18:51:19","slug":"announcing-bolt-forte-partnership","status":"publish","type":"post","link":"https:\/\/boltlabs.tech\/stagingsite\/news\/announcing-bolt-forte-partnership\/","title":{"rendered":"Announcing Bolt &#038; Forte partnership"},"content":{"rendered":"<p class=\"display-6 text-primary\">We\u2019re excited to announce a $9 million strategic partnership with blockchain gaming company, Forte, a leading provider of blockchain solutions for game publishers, to support its adoption of cryptographic technologies, including multi-party computation (MPC) and zero-knowledge proofs.<\/p>\n<p id=\"65bf\" class=\"pw-post-body-paragraph jx jy ja jz b ka kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku it gc\" data-selectable-paragraph=\"\">This three-year partnership follows Bolt\u2019s recent extended seed round, which closed at $4.3 million and will see Forte\u2019s technology upgraded to prioritize in-game privacy and security for its users.<\/p>\n<p id=\"261b\" class=\"pw-post-body-paragraph jx jy ja jz b ka kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku it gc\" data-selectable-paragraph=\"\">This partnership will enable Forte\u2019s strong community of millions of gamers and more than 40 game publishers to leverage state-of-the-art cryptographic technologies, empowering users to securely store keys for their game assets and make private payments.<\/p>\n<p id=\"0bd9\" class=\"pw-post-body-paragraph jx jy ja jz b ka kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku it gc\" data-selectable-paragraph=\"\">This comes at a time when a variety of high-profile hacks continue to hurt users. Just last month,\u00a0<a class=\"au kv\" href=\"https:\/\/www.coindesk.com\/tech\/2022\/03\/29\/axie-infinitys-ronin-network-suffers-625m-exploit\/\" target=\"_blank\" rel=\"noopener ugc nofollow\">in the second-largest crypto hack in history<\/a>, $600 million was siphoned from users of \u200b\u200b<strong class=\"jz jb\">Ronin network<\/strong>, an Ethereum sidechain built to support the play-to-earn game Axie Infinity. By leveraging Bolt\u2019s technology, Forte is now uniquely positioned to help prevent future exploits, such as this from impacting its users, while still providing them with full control over their assets.<\/p>\n<p id=\"e8d2\" class=\"pw-post-body-paragraph jx jy ja jz b ka kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku it gc\" data-selectable-paragraph=\"\">Bolt Labs\u2019 mission is to build a usable, secure, and scalable infrastructure that enables everyone to securely store their keys while preserving the privacy of their transactions. For example, Bolt facilitates private payments by leveraging zkChannels \u2014 an anonymous off-chain protocol that enables cheap and private value transfer between participants on the network.<\/p>\n<p id=\"ef52\" class=\"pw-post-body-paragraph jx jy ja jz b ka kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku it gc\" data-selectable-paragraph=\"\">Forte\u2019s community of publishers, developers, and other content partners will also gain access to Bolt Labs\u2019 secure key management solution, a technology that will facilitate custody of in-game assets and non-fungible tokens (NFT). Bolt Labs will provide this by leveraging multi-party computation (MPC) to help Forte secure keys for in-game cryptocurrency assets at scale, allowing players to control their assets securely and privately.<\/p>\n<p id=\"715b\" class=\"pw-post-body-paragraph jx jy ja jz b ka kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku it gc\" data-selectable-paragraph=\"\">MPC allows a group of participants to evaluate a computation without any of them revealing their own private data, which can compute the value of a public function when put together without compromising the secrecy of each individual piece. This minimizes the risk of having their assets compromised or vulnerabilities exploited by bad actors. MPC is fast becoming the standard for digital asset security and it can deliver both usability and security in a decentralized system.<\/p>\n<p id=\"69ba\" class=\"pw-post-body-paragraph jx jy ja jz b ka kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku it gc\" data-selectable-paragraph=\"\"><strong class=\"jz jb\">J Ayo Akinyele, CEO and Co-founder at Bolt Labs<\/strong>, said: \u201cWith blockchain gaming becoming increasingly popular among mainstream audiences that might not be familiar with securing their crypto assets, it\u2019s crucial that the right technology is deployed. That is, the technology that ensures asset security, confidentiality and prevents misuse while achieving true property rights for gamers in a web3 world. With MPC technology, we can secure digital assets at scale, with blockchain-agnostic, off-chain computations. Bolt is leading the way in developing and integrating this technology to help Forte realize its web3 gaming vision.\u201d<\/p>\n<p id=\"b7f3\" class=\"pw-post-body-paragraph jx jy ja jz b ka kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku it gc\" data-selectable-paragraph=\"\">The Forte platform prioritizes organic gameplay, end-user participation, and growth by facilitating community governance and interoperability. The company has\u00a0<a class=\"au kv\" href=\"https:\/\/www.coindesk.com\/business\/2021\/11\/12\/big-money-apes-into-blockchain-gaming-with-725m-raise-for-forte\/\" target=\"_blank\" rel=\"noopener ugc nofollow\">raised more than $900 million<\/a>\u00a0to onboard more publishers and enable game companies to create compliant and interoperable blockchain games.<\/p>\n<p id=\"8406\" class=\"pw-post-body-paragraph jx jy ja jz b ka kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku it gc\" data-selectable-paragraph=\"\"><strong class=\"jz jb\">Ronen Kirsh, VP of Strategic Partnerships, at Forte<\/strong>, says: \u201cForte has come a long way since we first began our journey to turn traditional gaming on its head by introducing community ownership and governance. Today, we\u2019re the preferred platform for millions of gamers, and we aim to continue to grow our community by continually shoring up our compliance solutions and upgrading our infrastructure. We believe Bolt Labs will have a significant impact on our user experience and will provide a hospitable environment for new entrants to remain safe and have a pleasant experience on Forte.<\/p>\n<h2 id=\"1e70\" class=\"pw-post-body-paragraph jx jy ja jz b ka kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku it gc\">About Bolt<\/h2>\n<p id=\"7a78\" class=\"pw-post-body-paragraph jx jy ja jz b ka kb kc kd ke kf kg kh ki kj kk kl km kn ko kp kq kr ks kt ku it gc\" data-selectable-paragraph=\"\">Bolt Labs\u2019 mission is to build usable, secure, and scalable infrastructure that enables everyone to securely store their keys while preserving the privacy of their transactions. Bolt enables private payments by leveraging zkChannels \u2014 an anonymous off-chain protocol that enables cheap and private value transfer between participants on the network. The Bolt team consists of cryptographers and engineers with expertise in developing and deploying real-world applications of secure multi-party computation and zero-knowledge proof technology.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019re excited to announce a $9 million strategic partnership with blockchain gaming company, Forte, a leading provider of blockchain solutions for game publishers, to support its adoption of cryptographic technologies, including multi-party computation (MPC) and zero-knowledge proofs.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"nf_dc_page":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-645","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Announcing Bolt &amp; Forte partnership | Bolt Labs - Staging 2023<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/medium.com\/boltlabs\/announcing-bolt-forte-partnership-5b3e2a97832b\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Announcing Bolt &amp; Forte partnership | Bolt Labs - Staging 2023\" \/>\n<meta property=\"og:description\" content=\"We\u2019re excited to announce a $9 million strategic partnership with blockchain gaming company, Forte, a leading provider of blockchain solutions for game publishers, to support its adoption of cryptographic technologies, including multi-party computation (MPC) and zero-knowledge proofs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/medium.com\/boltlabs\/announcing-bolt-forte-partnership-5b3e2a97832b\" \/>\n<meta property=\"og:site_name\" content=\"Bolt Labs - Staging 2023\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-02T16:49:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-12T18:51:19+00:00\" \/>\n<meta name=\"author\" content=\"J. 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