Blockchain Gaming Company Forte partners with Bolt Labs to improve its security layers
Forte invests $9million in Bolt Labs in a strategic partnership.
To improve users' privacy and security, Forte, a blockchain gaming company that allows game publishers to integrate blockchain technology features such as embeddable token wallets, non-fungible tokens minting and selling, payment rails, etc., into their games, has announced an investment of $9million in Bolt Labs.
Bolt Lab is a security and privacy startup with a mission to build a usable, secure, and scalable infrastructure to enable everyone to securely store their assets while preserving the privacy of their transactions. Its core cryptography comprises secure computation (MPC) solutions and zero-knowledge proofs that function to achieve its mission statement.
The partnership will span three years, and users of Forte's platform will have access to Bolt Labs' secure computation solutions that guarantees storage of non-fungible tokens and in-game assets.
J Ayo Akinyele, CEO and Co-founder at Bolt Labs, expressed the motivation behind the partnership:
“With blockchain gaming becoming increasingly popular among mainstream audiences that might not be familiar with securing their crypto assets, it’s 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.”
He further added:
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.”
Meanwhile, Ronen Kirsh, VP of Strategic Partnerships at Forte, says:
"Forte 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're 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 significantly impact our user experience and provide a hospitable environment for new entrants to remain safe and have a pleasant experience on Forte."