Web3Auth

What Web3Auth does

Web3Auth is a Singapore-based wallet infrastructure provider founded in 2019 (originally as Torus, rebranded in January 2022) that delivers non-custodial key management as a plug-and-play SDK for developers building Web3 applications. Its core technology centers on Multi-Party Computation (MPC) with Threshold Signature Scheme (TSS) and Account Abstraction, which together enable seed-phrase-free wallet creation via familiar Web2 authentication methods (Google, email, passkeys, SMS, Telegram) while distributing private key shares so they are never reconstructed on the frontend. The platform is blockchain-agnostic, supporting 15+ networks including EVM chains, Solana, Bitcoin, SUI, Aptos, Cardano, NEAR, and Starknet, and ships SDKs for web, mobile (Android, iOS, React Native, Flutter), and gaming (Unity, Unreal Engine).

The product surface extends beyond core authentication to include a Wallet Services suite (pre-built UI templates, fiat on-ramp across 100+ countries, pre-generated wallets), NFT Services (gasless minting and email NFT delivery), Passkeys, MFA, Server-Side Verification, and an end-user Account Dashboard. The company monetizes via a Monthly Active Wallet (MAW) based subscription — a free tier up to 1,000 MAWs, Growth at $69/month for 3,000 MAWs, Scale at $399/month for 10,000 MAWs, and custom Enterprise contracts — combined with usage-based overages. Go-to-market is product-led through a self-serve developer dashboard and SDK distribution, supplemented by direct enterprise sales. The customer base spans Web3-native gaming (Heroes of Mavia, Skyweaver, Animoca's Mocaverse, Ronin), NFT platforms (Rarible, McDonald's, Chess.com), and Fortune 500 brands (LINE, NBCUniversal, SK Planet, Fox Media), with approximately 50 million end users and 8,200+ integrated dApps.

On June 2, 2025 Web3Auth was acquired by Consensys Software Inc. and now operates as an independent brand within the Consensys ecosystem, branded as MetaMask Embedded Wallets, with deeper integration into MetaMask, Infura, and the Delegation Toolkit.

Name

Web3Auth

Legal name

Web3Auth

Website

https://web3auth.io

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Web3Auth, now MetaMask Embedded Wallets under Consensys, provides MPC-based non-custodial wallet infrastructure SDKs that let developers onboard Web3 users via social logins and biometrics across 15+ blockchains, serving gaming, NFT, and enterprise brand customers.

Ownership category

akta.pro rank

Product category

Wallet-as-a-Service Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters) (FSAPACAB)

akta.pro secondary industries

Wallet Infrastructure (SDKs, Wallet-as-a-Service) (FSADACAD), Account Abstraction & Smart Wallet Tooling (AA SDKs, paymasters, session keys) (FSAPABAK), Authentication & Access Control (Web3 login, SIWE, passkeys, MFA, policy engines) (FSAPACAI), Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service) (FSAMAEAI), Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra) (FSAGAMAB), Player Wallets, Identity & Accounts for Games (embedded wallets, SSO, DID) (FSAPAGAF)

Keywords

• Wallet-as-a-service
• Multi-party computation
• Embedded wallet infrastructure
• Web3 authentication
• Cryptographic key management

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Subscription - Monthly Active Wallet (MAW) Based: Tiered subscription model based on Monthly Active Wallets (MAW) - users who log in at least once per calendar month. Each plan includes a free tier of MAWs with additional users charged per unit. Plans range from free Base tier (1,000 MAWs) to Growth ($69/month for 3,000 MAWs) and Scale ($399/month for 10,000 MAWs) to custom Enterprise pricing with volume discounts.
2. Usage-Based Overage Fees: Overage charges when customers exceed included MAW allocation: $0.050 per additional MAW (Base), $0.045 (Growth), $0.040 (Scale). Additional charges apply for SMS OTP usage after first 100 free SMS per month at market rates by region.
3. Enterprise Custom Contracts: Custom enterprise agreements with dedicated technical support, committed response times, uptime SLA commitments, and volume-based MAW discounts for large-scale deployments.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Web3Auth provides Wallet-as-a-Service (WaaS) infrastructure that enables developers to integrate non-custodial wallet authentication and key management into Web3 applications through SDKs for Web, Mobile, and Gaming platforms. The platform uses Multi-Party Computation (MPC) with Threshold Signature Scheme (TSS) and Account Abstraction to eliminate seed phrases, supporting social logins, passkeys, and 15+ blockchains. Customers purchase tiered subscription plans based on Monthly Active Wallets (MAW).

Product overview

Web3Auth is a Wallet-as-a-Service (WaaS) platform providing key management infrastructure with Multi-Party Computation (MPC) and Account Abstraction enabled. The core product is the Web3Auth SDK (now integrated as MetaMask Embedded Wallets), which offers plug-and-play wallet integration for developers. The platform is built around three pillars: the Web3Auth SDK for authentication, MPC technology for distributed key management, and Account Abstraction for smart contract wallets. Supporting modules include Wallet Services (pre-built UI templates and onramp), NFT Services (streamlined NFT transactions), Passkeys authentication, Multi-Factor Authentication, Social Logins, Wallet UI, Fiat On-ramp Aggregator, Pre-generated Wallets, Telegram Mini App Login, Whitelabel UI, MPC Core Kit, and the Account Dashboard. The platform supports 15+ blockchain networks including EVM chains, Solana, Bitcoin, SUI, Aptos, and more. Pricing tiers are Base (free for 1,000 MAWs), Growth ($69/month for 3,000 MAWs), Scale ($399/month for 10,000 MAWs), and Enterprise (custom).

Differentiator

Problem solved

Functional benefit

Products and services

• Web3Auth SDK

Quantifiable outcome

• 2.3x more user conversions compared to traditional wallet onboarding
• +5 more outcomes

Named customers16 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature11 records

Partnerships

Twelve partnerships are on record, tiered flagship and core.

• ConsensysflagshipStrategic or Co-development Partner · 2 June 2025Web3Auth was acquired by Consensys Software Inc. in June 2025 and now operates as MetaMask Embedded Wallets. The acquisition creates synergies between Web3Auth wallet capabilities and MetaMask's ecosystem. Web3Auth continues operating as an independent brand within Consensys.
• XRP LedgercoreTechnology or Integration · 28 August 2024Integration enabling 30-second secure wallet setup on XRP Ledger with familiar user experience through social and email logins, biometric verification, and OAuth authentication. Web3Auth powers XRPL Commons developer ecosystem with seamless wallet integration.
• XRPL CommonscoreStrategic or Co-development Partner · 28 August 2024XRPL Commons partnership to help developers in the XRPL community offer seamless user flows. David Bchiri, President of XRPL Commons, stated that open standards like Web3Auth help make experiences simple and intuitive for mainstream users.
• MetaMaskflagshipTechnology or IntegrationPost-acquisition, Web3Auth integrates with MetaMask ecosystem including MetaMask SDK, Delegation Toolkit, and Infura integration support. Unified dashboard with cross-Consensys integrations.
• Animoca BrandscoreTechnology or IntegrationPartnership powering Animoca Brands' Mocaverse with nearly 1.5 million unique on-chain mints in six months. Web3Auth enables NFT minting and wallet infrastructure for Mocaverse users.
• Trust WalletcoreTechnology or IntegrationWeb3 pioneer partner utilizing Web3Auth key infrastructure for wallet authentication.
• KeplrcoreTechnology or IntegrationWeb3 pioneer partner utilizing Web3Auth key infrastructure.
• KukaicoreTechnology or IntegrationWeb3 pioneer partner utilizing Web3Auth key infrastructure.
• Ronin NetworkcoreTechnology or IntegrationGaming blockchain network using Web3Auth for wallet infrastructure. SkyMavis's Ronin reported 97% of new users created wallets with social logins instead of seed phrases.
• Animoca BrandscoreTechnology or IntegrationMajor Web3 gaming ecosystem investor and partner. Animoca Brands backed Legend of Arcadia and partnered with Web3Auth for multiple gaming projects including Mocaverse.
• InfuracoreTechnology or IntegrationPost-acquisition integration with Consensys infrastructure providing direct Infura integration support through Web3Auth dashboard.
• Fortune 500 BrandscoreTechnology or IntegrationPartnership with enterprise brands including Fox Media, LINE, McDonald's, NBCUniversal, and SK Planet for Web3 initiatives like NFT collections and community platforms.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• BitGo: BitGo is an established digital asset custody and wallet infrastructure provider with MPC-based key management. It targets institutional and exchange customers rather than embedded consumer dApp wallets, but competes in the broader wallet infrastructure category.
• Fireblocks: Fireblocks is an institutional-grade digital asset custody and key management platform using MPC. While focused on exchanges/treasuries rather than embedded consumer wallets, it competes with Web3Auth in the underlying MPC key management and wallet infrastructure layer.
• Circle Programmable Wallets: Circle's Programmable Wallets provide developer APIs and SDKs for embedding USDC-native wallets in apps, with social login and MPC. As a regulated, USDC-backed incumbent it overlaps with Web3Auth's enterprise and brand wallet use cases.
• Coinbase Wallet SDK: Coinbase's Wallet SDK offers embedded wallet infrastructure for dApp developers, leveraging Coinbase's brand and distribution. It competes with Web3Auth at the developer-integration layer, particularly for U.S. and consumer-facing applications.

Direct peers

• thirdweb: thirdweb provides a full-stack Web3 developer platform including wallet/connect infrastructure, account abstraction tooling, and onboarding SDKs. It is a directly comparable developer-first platform competing with Web3Auth for dApp wallet integrations.
• Magic Labs: Magic (formerly Magic.link) pioneered passwordless / email-based Web3 onboarding and now offers embedded wallets with key management and AA features. It is one of the most established direct competitors to Web3Auth's social-login wallet stack.
• Particle Network: Particle Network offers Wallet-as-a-Service and chain abstraction infrastructure including social-login embedded wallets, account abstraction, and BTC/UTXO chain support — overlapping with Web3Auth's MPC, AA and blockchain-agnostic positioning.
• Privy: Privy is a Wallet-as-a-Service platform offering embedded wallets with social logins, MPC key management and account abstraction, targeting developers of consumer Web3 apps and games — the closest direct competitor to Web3Auth's SDK and MAW-based pricing model.
• Dynamic: Dynamic provides embedded wallet infrastructure with multi-chain authentication, social logins, and embedded wallet UI for dApps and brands — directly comparable to Web3Auth's plug-and-play SDK and Wallet Services modules.
• Turnkey: Turnkey provides non-custodial wallet infrastructure using secure enclaves and threshold cryptography for embedded signing and key management, targeting similar developer use cases (embedded wallets, account abstraction, multi-chain) as Web3Auth.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Web3Auth
• GitHubgithub.com/web3auth
• YouTubeyoutube.com/c/web3auth
• LinkedInlinkedin.com/company/web3auth
• Facebookfacebook.com/web3auth

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors23 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Web3Auth