Openfort is a technology company.
Openfort has raised $3.0M across 1 funding round.
Openfort has raised $3.0M in total across 1 funding round.
Openfort is an open-source wallet-as-a-service platform that provides embedded, in-app wallets optimized for Web3 gaming, enabling seamless blockchain interactions like multi-chain accounts, gas sponsorship, and pop-upless experiences.[1][2] It serves Web3 gaming studios and developers by solving key pain points such as complex user onboarding, high gas fees, and slow transaction speeds, offering non-custodial infrastructure with 200ms signing, 40% gas savings, and support for EVM and Solana chains via SDKs for React, Unity, and more.[1] With over 10 million transactions processed for 50+ customers including Merit Circle and Portal, and more than 10 live games plus 25 in the pipeline, Openfort demonstrates strong growth momentum since its $3 million seed round in 2023 led by Gumi Cryptos Capital and Maven 11.[1][3]
Openfort was founded in September 2022 in Barcelona, Spain, by brothers Joan and Jaume Alavedra, developers who previously won crypto hackathons at ETHOnline and Encode Club before joining the PearX Accelerator.[1][2] The idea emerged from their gaming-first passion to simplify Web3 user experiences, addressing barriers like cumbersome wallets and on-chain complexities to make blockchain accessible and enjoyable for players.[1][2][3] Early traction included a public beta launch in April 2023, rapid adoption by gaming studios, and seed funding in May 2023, marking pivotal moments that fueled its expansion to 10-15 employees and partnerships with entities like Beam and GFAL.[1][3]
Openfort rides the Web3 gaming trend toward mainstream adoption, where poor UX has hindered growth despite blockchain's potential for ownership and economies.[3] Its timing aligns with rising standards like ERC-4337 and chain abstraction, enabling frictionless experiences amid maturing L2s and gaming chains like Beam.[1][3] Market forces favoring it include exploding on-chain gaming demand, developer shortages for wallet infra, and investor confidence via seed funding; it influences the ecosystem by open-sourcing tools, powering 10M+ txns, and expanding beyond games to apps, thus popularizing blockchain UI/UX improvements.[1][2][3]
Openfort is poised to dominate Web3 wallet infra as gaming scales, with 25+ games onboarding and multi-chain expansions amplifying its reach.[3] Trends like AI-driven games, SVM growth, and full chain abstraction will shape its path, potentially evolving it into a universal Web3 onboarding layer. Its developer-centric, open-source model positions it to influence ecosystem standards, building on early wins to drive the next wave of mainstream blockchain adoption—much like how it turned hackathon ideas into a $3M-funded powerhouse for seamless player economies.[1][3]
Openfort has raised $3.0M in total across 1 funding round.
Openfort's investors include Animoca Brands, Bain Capital Crypto, Bankless Ventures, Gumi Cryptos Capital, Infinity Ventures Crypto, KR1, Maven 11 Capital, Mechanism Capital, Pareto Holdings, Pioneer Fund, Placeholder, Scalar Capital.
Openfort has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in May 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2023 | $3.0M Seed | Animoca Brands, Bain Capital Crypto, Bankless Ventures, Gumi Cryptos Capital, Infinity Ventures Crypto, KR1, Maven 11 Capital, Mechanism Capital, Pareto Holdings, Pioneer Fund, Placeholder, Scalar Capital, Balaji Srinivasan, Frederic Montagnon, Jutta Steiner, Pascal Gauthier, Sebastien Borget, Tegan Kline, Thibaud Elziere |