Openfort Raises $3M to Revolutionize Web3 Gaming with Wallet-as-a-Service Infrastructure
Openfort has secured $3 million in seed funding to expand its development efforts for a Web3 gaming wallet-as-a-service infrastructure. The funding round was led by Gumi Cryptos Capital and Maven 11, with additional contributions from Game7, NGC Ventures, and Newman Capital.
The raised funds will be utilized to enhance product development and establish partnerships with Web3 gaming entities, with the aim of providing a robust wallet solution tailored for gaming projects.
Openfort specializes in serving Web3 gaming studios and platforms by offering an account management backend. Many games today encounter the challenge of relying on generic wallet solutions that do not fully meet their specific requirements.
Openfort claims to provide a developer-friendly and user-friendly Web3 gaming platform, allowing developers to customize user experiences for their games without being locked into rigid frameworks.
The founders of Openfort are two brothers, Joan and Jaume Alavedra, both of whom are engineers with diverse backgrounds in projects spanning autonomous driving models, healthtech applications, market-making in finance, and encryption protocols.
What Does Openfort’s $3M Investment Mean for the Future of Web3 Gaming?
Openfort’s $3 million investment represents a significant milestone for the future of Web3 gaming. The funding will support the company in expanding its platform and onboarding new partners, thereby facilitating the development of Web3 games and providing a seamless experience for users.
Web3 gaming is a rapidly expanding market with the potential to reach billions of users. Openfort’s platform is strategically positioned to leverage this growth and emerge as a leading provider of Web3 gaming wallets.
The investment in Openfort reflects investor confidence in the future of Web3 gaming. It demonstrates that investors are optimistic about the market’s potential and are willing to support innovative companies in this space.
Openfort’s platform is a valuable resource for developers interested in building Web3 games. It simplifies the creation and management of user wallets while offering a secure and scalable platform for transactions. This accessibility and user-friendliness will contribute to the broader adoption of Web3 gaming technology.
The future of Web3 gaming appears promising, and Openfort is well-equipped to assume a prominent role in this market. Its platform has the potential to enhance accessibility, user-friendliness, security, and scalability within Web3 gaming. Consequently, Openfort’s contribution will drive the adoption and evolution of this exciting new technology.
Here are some of the key advantages of Openfort’s platform for the future of Web3 gaming:
- Seamless User Experience: Openfort’s platform simplifies the process of creating and managing wallets, as well as conducting transactions between wallets. This enhanced user experience will make Web3 gaming more accessible and user-friendly.
- Developer-Friendly: Openfort’s platform is designed to be easily integrated into games, making it more convenient for developers to build Web3 games.
- Security: Openfort’s platform incorporates industry-leading security measures to safeguard user data, ensuring the privacy and protection of users in Web3 gaming.
- Scalability: Openfort’s platform is designed to meet the demands of even the most complex games, ensuring that Web3 gaming can grow and adapt to cater to user needs.
In conclusion, Openfort’s platform is an invaluable asset for the future of Web3 gaming. Its potential to enhance accessibility, user-friendliness, security, and scalability will foster the adoption of Web3 gaming technology, ultimately contributing to the development of a vibrant and captivating gaming ecosystem.
What is Openfort and its Wallet-as-a-Service
Crypto developers often encounter difficulties when introducing new-to-crypto users to the ecosystem. They are confronted with two less-than-ideal options: a simplified wallet onboarding process that confines users to particular apps, or a traditional wallet onboarding approach that offers minimal guidance and results in a substantial user drop-off.
The ultimate goal is not just to onboard billions of people into crypto but to create billions of wallets that foster user engagement and facilitate on-chain actions, transforming casual visitors into active users. This drives utility for the first billion transactions from unique users.
For developers seeking to build Web3 games, Openfort’s Wallet-as-a-Service serves as a valuable tool. It simplifies wallet creation and management for users while providing a secure and scalable platform for transactions.
Key Features of Openfort’s Wallet-as-a-Service include:
- Seamless user experience: Openfort’s platform offers a user-friendly interface for effortless wallet creation, management, and transactions.
- Developer-friendly: Openfort’s platform provides developers with straightforward integration options for their games.
- Security: Openfort prioritizes the security of user data by implementing robust security measures.
- Scalability: Openfort’s platform is designed to scale efficiently, accommodating the needs of diverse and demanding gaming projects.