Openfort Secures $3M for Effortless Web3 Gambling
The past months have seen Openfort's crypto infrastructure garnering attention from the likes of Gumi Cryptos Capital, Maven 11, and a slew of venture capitalists with increasing capital injection towards their 'wallet-as-a-service' platform; totalling an impressive $3 million in seeding funding. Game7, NGC Ventures, and Newman Capital have all been contributory investors, offering their own brand of financial backing in lieu of the company's mission in revolutionizing the traditional gamer experience free from the shackles of blockchain technology.
The new technology offered by Openfort's wallet technology eliminates the need for crypto transactions, featuring API compatibility for browsers, PC games, and Unreal Engine 5 or Unity games. Users get session keys that evaporate, removing the hassle of more traditional monetary engagements. Joan Alavedra, the co-founder of the firm, was effusive in her endorsement of this “very interesting feature”. Exploration of mobile game user support is also a priority, allowing users a smooth and seamless experience. This approach heralds a new era in which users can enjoy frictionless wallet technology without the worry of having to manage their crypto transactions.
Alavedra compared the user experience with blockchains and the “cookies” on the web that remember customer activity and details. You can even split the gamers into specific categories such as 'pro', 'bot' or 'newcomers' to supply each with a personalized experience, Alavedra expounded. A concept called 'account abstraction' is being used by investments in Openfort to increase and simplify the gaming experience. What this entails is the smart contracts assumes a certain number of operations without the user's input needed.
Rui Zhang of Gumi Cryptos Capital spoke out in favor of account abstraction as the go-to foundational technological solution to achieving seamless Web3 gaming user experiences with Web2 levels of playability. This process streamlines less integral deals to facilitate an environment wherein smart contracts and code assumes the role of actions formerly requiring human approval during the operation of dapps. Moreover, the experience Openfort provides is arguably the sector's leading example of this emerging usage of technology. In summation, account abstraction floats to the top of the tech stack as the optimal choice for allowing Web3 gaming while allowing a high degree of user convenience!
Openfort steps into the game with their white-label wallet, allowing developers to customize hardware and UI without their 'brand', instead relying on Ethereum Virtual Machine technology to reach out to networks like Polygon, Immutable, Avalanche, Arbitrum, BNB Chain, Optimism, Cronos, and yes, Ethereum. In spite of the surge of other pocketbook services like MetaMask, Sequence, Phantom, Immutable Passport, Coinbase Wallet, Ronin Wallet, GameStop's wallet, and Fractal's wallet, Openfort still eyes the crypto game challenges with its entry.
