0xPass
Programmable key management network for Web3 applications.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $1.8m | Seed | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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0xPass is a development platform that provides infrastructure for secure and simplified user authentication on decentralized applications (dApps). The company focuses on creating a frictionless login experience, similar to Web2, for the Web3 environment. Its service allows dApp developers to integrate various login methods, including traditional social accounts and crypto wallets, enabling users without pre-existing wallets to onboard seamlessly. The platform uses technologies like Multi-Party Computation (MPC), Account Abstraction, and Session Keys to manage user identity and transactions securely without a central custodian, which mitigates the risk of single-point failures.
Founded in 2021 by Krish Chelikavada and Keon Kim, who both studied computer science at NYU, the startup originated at the Stanford Blockchain Club. Before reuniting to create 0xPass, Chelikavada worked in software engineering at Oracle and product management at Microsoft, while Kim was a software engineer at Uber. In September 2023, 0xPass secured $1.8 million in a pre-seed funding round from investors including Alliance DAO, Signum Capital, Soma Capital, and former Coinbase CTO Balaji Srinivasan. However, by late 2024, facing a struggling crypto market, the founders pivoted and relaunched the company as Om Labs, focusing on AI-driven tools to automate workflows.
0xPass's business model was intended to be usage-based, monetizing its key management system as the crypto space matured. The platform was designed for developers, enabling them to build comprehensive user profiles by linking social accounts, which in turn allows for more personalized in-app experiences. By handling the complexities of user authentication and offering a unified identity across various accounts, 0xPass aimed to let developers concentrate on their core application features.
Keywords: Web3 authentication, dApp user onboarding, non-custodial wallet, multi-party computation, account abstraction, session keys, secure login, crypto wallet infrastructure, decentralized identity, developer platform, key management, social login integration, Keon Kim, Krish Chelikavada, Om Labs, Stanford Blockchain Club