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XMTP

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XMTP is a fundamental new building block for the next iteration of the web—a permissionless, crypto-native communication protocol that connects communities, creators, protocols, applications, and users. XMTP will enable communication between existing crypto wallets through its own independent protocol and decentralized network.

Series A: $20M

Series B: $21M

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FoundedUnited States
Registration year2021

What is XMTP

XMTP is a secure messaging protocol and decentralized communication network that provides a means for blockchain accounts to send and receive messages. XMTP provides a messaging service via a network of nodes operated by independent entities, to reduce reliance on singular providers, where:

  • Participants can authenticate with blockchain accounts to send and receive messages that are encrypted by default through any compatible client app.
  • A user's inbox is portable across client apps.
  • Abuse is mitigated by ensuring senders have met required criteria.
  • Nodes are incentivized to operate in the interest of maintaining a healthy network.

We designed XMTP to be a means of communication that is privacy-preserving, permissionless, decentralized, and resistant to abuse. We maintain that over time it must remain simple to use by people and straightforward for developers to build with.

Funding Details

Funds Raised (as of now) 41,000,000 USD

Project team

Matt Galligan
Matt Galligan
Co-founder & CEO
Matt Galligan x-team
Shane Mac
Shane Mac
Co-founder & President
Shane Mac x-team
Nick Molnar
Nick Molnar
CTO
Nick Molnar x-team

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