Auzzi Shopping

Men's Weekly

.

Newman Capital Invests in Web3 Gaming Wallet Infrastructure Startup Openfort

  • Written by Auzzi Shopping

HONG KONG SAR - Media OutReach - 23 May 2023 - Newman Capital is proud to announce its investment in Openfort, a cutting-edge blockchain wallet infrastructure startup focused on Web3 gaming.

With the investment from Newman, Openfort has completed its $3 million seed round fundraising, which was co-led by gumi Cryptos Capital and Maven 11. Game7 and NGC Ventures also participated in this round.

Newman X Openfont.jpg

Driving Web3 adoption among consumers has been one of the key missions of Newman Capital. Having high-efficiency Web3 infrastructures, middleware, and tooling is the prerequisite for developing high-quality, user-friendly Web3 applications that provide a frictionless experience for not only Web3 native but for all.

Openfort's programmable wallet-as-a-service is set to be a game-changer in the realm of Web3 gaming. With its innovative use of account abstraction technology, it has the potential to make Web3 gaming accessible to everyone, ushering in a new era of immersive gaming experiences.

Adrian Lai, Founder and Managing Partner at Newman Capital, added, "Web3 gaming poses a unique set of technological challenges, which often create drawbacks on user journey and experience. To truly bring web3 gaming to the masses, advanced toolings are much needed to overcome those challenges so that game developers can create web3 games that will provide a seamless and user-friendly experience with improved security. We are glad to support the Openfort team in delivering their account abstraction-enabled gaming wallet."

For more information about account abstraction and how it will change Web3 gaming, please visit Newman Research.

Hashtag: #NewmanCapital #Web3 #VentureCapital #Investment #Blockchain


The issuer is solely responsible for the content of this announcement.

About Newman Capital

Newman Capital is a proprietary venture capital firm headquartered in Hong Kong with a footprint throughout Asia and the US. Our vast knowledge and network allow us to interconnect with diverse communities. East and West, Web2 and Web3, developed and emerging markets, and more. We seek extraordinary founders and technology at the forefront of Web3 and connect them with top-tier resources, unlocking new opportunities and access, enabling them to scale with true impact. We focus on investing in early-stage consumer-facing applications and related infrastructure within the entertainment, social, and gaming sectors.

Learn more about Newman Capital at

About Openfort

Openfort is a wallet-as-a-service solution that allows game developers to easily integrate blockchain accounts into their games. The platform leverages account abstraction to offer seamless transactions, batch transactions, and multi-chain transactions, as well as player management and authentication. The platform eliminates gas fees, wallet popups, and prompts during gameplay, and supports ERC20 tokens. Openfort is the best solution for games and gamified experiences that doesn't compromise on user experience.

Learn more about Openfort at

Today's Features at Auzzi

Why Flyscreens Are a Must-Have for Every Sydney Home: Installation Tips and Benefits

Sydney is known for its warm climate, coastal breezes, and outdoor lifestyle. But with the open windows and doors that come with summer living, there’s one major downside: insects. From ...

Top Bathroom Renovation Ideas for Sydney Homes

Renovating the bathroom not only changes the appearance of your house but also its functionality and ambience. Whether you want a full renovation or a spot touch-up, the proper design sele...

What is First Five Forever and How Can You Nourish a Tiny Brain?

Targeted at children aged 0-5 years, First Five Forever is a Queensland State Government initiative designed to support early childhood development. With the key message being, ‘Talk, r...

A Comprehensive Guide to Stress-Free Solar and Battery Integration

Solar energy has become a leading alternative in a world where the demand for sustainable energy is growing. Although using solar to generate energy is wonderful, combining it with battery s...

Why Container Domes Are the Ultimate Solution for Affordable Housing

Imagine residing in a house that is not only reasonably priced but also distinctive and environmentally responsible. Presenting container domes, a cutting-edge housing option that is revolut...

Step-by-Step Guide to Setting Up Your Free Online Store on MarketTram

MarketTram is a Sydney-based platform that lets you publish unlimited free regular ads, which makes it a low-risk way to start selling. The site focuses on simple listing, local trade and ...

Mining and Infrastructure Surveying Services in Western Australia: What to Know

Western Australia runs on big projects. Iron ore in the Pilbara, gold across the Goldfields, rail expansions and new energy hubs all rely on precise spatial data. Surveying underpins that ...