Openfort
An open-source platform for building game experiences on the blockchain.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | $3.0m | Seed | |
| Total Funding | 000k | ||
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Openfort is a crypto infrastructure firm providing a wallet-as-a-service platform tailored for the Web3 gaming industry. The company was founded in September 2022 by brothers Joan and Jaume Alavedra, both engineers with diverse backgrounds in fields like autonomous driving, healthtech, and encryption protocols. Their journey into Web3 gaming was sparked by participating in and winning crypto hackathons, which highlighted the user experience limitations in the space and led them to create Openfort.
The firm targets Web3 gaming studios and platforms, offering them the tools to build and manage their backend account infrastructure. Openfort's business model is centered on providing APIs and SDKs that enable developers to integrate seamless wallet functionalities into their games, removing the complexities often associated with blockchain interactions for players. Revenue is generated through a tiered subscription model, including a free plan for development and pro and custom plans that offer volume-based discounts, monetization support, and dedicated technical assistance.
Openfort's core product is a white-label, non-custodial wallet infrastructure that allows for extensive customization. A key feature is the use of "account abstraction" (ERC-4337), which improves the user experience by enabling functionalities like gasless transactions, social logins (Google, Twitter), and batched transactions, making the wallets feel more like traditional web2 accounts. The platform supports multiple Ethereum-compatible networks, including Polygon, Avalanche, and Arbitrum. Developers can use Openfort to create embedded wallets within their applications without forcing users to download separate extensions, and a feature called "session keys" allows for temporary, scoped permissions, enhancing security and usability during gameplay. The system is designed to be non-custodial, meaning users retain full control of their assets, with a key recovery system based on Shamir's Secret Sharing.
Keywords: wallet-as-a-service, web3 gaming, account abstraction, blockchain infrastructure, developer tools, embedded wallets, crypto gaming, ERC-4337, non-custodial wallet, smart contract wallet, multi-chain support, gasless transactions, session keys, gaming SDK, crypto API, player onboarding, user authentication, blockchain gaming, digital asset management, crypto infrastructure