Openfort Raises $3 Million in Seed Funding to Revolutionize Web3 Gaming Wallets-as-a-Service Infrastructure
Openfort’s Account Abstraction Technology Sets the Stage for Enhanced Web3 Gaming Experiences
Openfort, a pioneering company in the field of Web3 gaming, has successfully raised $3 million in seed funding to further develop its groundbreaking wallet-as-a-service infrastructure. Led by Gumi Cryptos Capital and Maven 11, the funding round signifies the industry’s recognition of Openfort as a technology leader and solution provider for the emerging vertical of Web3 gaming. With a strong focus on Account Abstraction, Openfort aims to provide Web3 gaming studios and platforms with the necessary tools to revolutionize account management, user experiences, and transaction processing.
Openfort’s Account Abstraction Technology
Openfort’s success lies in its innovative approach to account management, made possible by its Account Abstraction technology. Rui Zhang, the managing partner at Gumi Cryptos Capital, emphasizes that this technology provides the best foundation for handling Web3 gaming customer accounts while maintaining the functionality of Web3. By leveraging Account Abstraction, Openfort enables Web3 games to offer Web2-like user experiences, a critical factor in driving the adoption of crypto gaming use cases. “Account Abstraction offers the best foundation technology for handling Web3 gaming customer accounts, enabling Web3 games to offer Web2 quality user experiences while maintaining Web3 functionality. Openfort is the technology leader for this emerging vertical and use case.” said Rui Zhang
Empowering Developers and Enhancing User Experiences
Openfort understands the challenges faced by developers in the gaming industry when it comes to finding suitable wallet solutions. Traditional generic wallets often fall short of meeting the specific needs of game studios and platforms. Openfort’s developer-friendly platform solves this problem by providing an easy-to-use interface that allows developers to customize user experiences for their games without being locked into a rigid framework. By supporting popular game development frameworks such as Unity, Unreal Engine, and React, Openfort ensures compatibility and ease of integration for developers.
Openfort’s commitment to revolutionizing Web3 gaming extends beyond its technological advancements. The company has formed partnerships with prominent entities in the gaming industry, including game DAOs like Merit Circle and gaming platforms like Tacter. These collaborations aim to leverage Openfort’s wallet-as-a-service infrastructure and deliver a seamless and secure experience for gamers. Openfort’s ongoing collaborations signify a growing demand for their services and a testament to their position as a key infrastructure provider for interacting with Account Abstraction.
Openfort has ambitious plans for the future, aiming to continually enhance its offerings and expand its capabilities. The company plans to roll out multi-chain support in its dashboard, allowing users to leverage the benefits of different blockchain networks. Additionally, Openfort aims to integrate with gaming backends such as Playfab or Pragma, further streamlining the gaming experience for both developers and gamers.
Openfort’s story is fueled by the passion and expertise of its founders, Joan and Jaume Alavedra. Prior to founding Openfort, the duo participated in and won crypto hackathons hosted by ETHOnline and Encode Club, which highlighted the limitations of Web3 gaming. Inspired by these experiences, the Alavedra brothers recognized the significance of user experience in shaping the next generation of players and use cases in the Web3 gaming world. With a background in diverse engineering projects, they embarked on their journey to turn the concept of account abstraction into a game-changing solution, leading to the birth of Openfort.
Openfort has an Inspiring Story
In order to inspire future gamers and developers, the company sent an email to a private blockchain news website, stating the success story and future intentions of the founders. “Jaume and Joan, looking at the world of blockchain, realized its potential was shackled by numerous challenges. As passionate builders, they saw vast opportunities in the concept of account abstraction and knew they could turn it into something game-changing. Their journey included developing a Web3 version of Super Smash Bros in a victorious hackathon, an experience that spotlighted the limitations in Web3 gaming. It was this frustration that cemented their belief: user experience is the key to welcoming the next generation of players and use cases. That’s how Openfort was born, their solution and contribution to the Web3 gaming world. This gaming wallet service is their commitment to improving the player experience, simplifying the complex, and making Web3 more accessible and fun for everyone.”
Openfort’s recent seed funding success highlights its pivotal role in shaping the future of Web3 gaming. With its Account Abstraction technology and commitment to enhancing user experiences, Openfort offers a robust infrastructure that empowers developers to create immersive gaming experiences in the Web3 ecosystem. Through strategic partnerships and a clear roadmap for growth, Openfort aims to overcome the challenges of the current Web3 gaming landscape and pave the way for wider adoption of crypto gaming use cases.
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