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Fortmatic

by Magic Labs · Since 2020
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ActiveAvailable globallyCloud
Quick facts
VendorMagic Labs
Year launched2020
StatusActive
LocationSan Francisco, California, USA
Countries servedGlobal
Languages8
Integrations1+
Free tier
Free trialYES
Contact salesYES

About Fortmatic

Fortmatic is a digital wallet platform from Magic Labs that supports Ethereum-based applications. It provides secure wallet creation, easy access to decentralized applications, and user-friendly sign-in options so users can interact with the blockchain without complicated setups. Fortmatic allows users to manage their digital assets and connect with various dApps through a simple interface. Key capabilities: secure wallet creation access to dApps user-friendly sign-in asset management transaction history Best for: developers and users who need a straightforward solution for engaging with Ethereum applications.

Fortmatic, now rebranded as Magic, offers a refreshing solution for simplifying the user experience in the often-complicated world of Web3. Designed primarily for Ethereum-based decentralized applications (dApps), Magic aims to streamline the user onboarding process, especially for those unfamiliar with the intricacies of cryptocurrency wallets. One of its standout features is its **passwordless login** via email or phone number, which eliminates the need for users to manage seed phrases or install browser extensions, making the transition to blockchain technology far more accessible. This user-friendly approach significantly lowers the barrier to entry for newcomers, who might find the traditional methods of wallet setup intimidating. Instead of relying on MetaMask or other browser extensions, users can seamlessly log in and access dApps using familiar Web 2.0 methods, like email or phone authentication, which they encounter in their daily online activities. Another key feature that differentiates Magic from its competitors is its **mobile-first approach**. The platform supports **mobile web accessibility**, allowing users to interact with dApps directly on their smartphones without needing a specific wallet application.

Pros & Cons

What users like
  • +No Browser Extensions Required: Users can access Ethereum apps without needing MetaMask or seed phrases.
  • +Fast Integration: Works seamlessly with web3 applications, making it easy for developers to adopt.
  • +Security-Compliant: SOC 2 Type 1 compliant with a non-custodial HSM architecture for enhanced safety.
  • +Multi-Factor Authentication: Offers OTP codes, device-based 2FA, and recovery email options.
  • +Improves User Conversion: Simplifies onboarding, reducing the steps required for new users.
  • +Customizable UX: Allows apps to embed and tailor authentication without redirecting users.
What users flag
  • Limited Blockchain Support: Primarily built for Ethereum-based applications.
  • Dependence on Centralized Infrastructure: While non-custodial, it may not align with fully decentralized wallet preferences.
  • Potential Web3 Adoption Barriers: Users accustomed to traditional wallets like MetaMask may be hesitant to switch.
  • Integration Dependency: Requires apps to integrate Magic's authentication system rather than relying on standard wallets.

Features

Key features

Web2.0 Style Authentication
Allows users to access Ethereum apps without browser extensions or seed phrases, offering a familiar Web 2.0 login experience.
Mobile Web Accessibility
Enables users to interact with dApps on mobile web browsers, expanding user reach beyond desktop users.
Easy Integration (MetaMask Compatible)
Can be integrated into existing web3 applications with minimal changes, acting as a better alternative to MetaMask.
Security Compliant (SOC 2 Type 1)
Adheres to SOC 2 Type 1 compliance standards with a non-custodial HSM architecture, ensuring a secure environment.
Reduced Onboarding Steps
Slashes user onboarding steps by up to 70%, leading to increased user conversion rates.
Customizable and Embedded UX
Offers full control over the user experience, allowing for customization and embedding directly within the application without redirecting users.

Additional features

No browser extensions required
Users can access dApps without installing browser extensions like MetaMask.
No seed phrases
Eliminates the need for users to manage and store seed phrases.
Trusted compliant authentication standard
Provides a secure and compliant authentication method.
Integrated by leading blockchain companies
Used by various prominent blockchain applications.
Expand user funnel
Increases the number of potential users for dApps.
65% mobile web interaction
A significant portion of users access apps on mobile web.
Integration in minutes
Quick and easy to integrate into existing web3 apps.
Better alternative to MetaMask
Positions itself as a superior option to traditional web3 wallets.
SOC 2 Type 1 compliant
Meets SOC 2 Type 1 security standards.
Non-custodial HSM architecture
Employs a secure, non-custodial hardware security module architecture.
Increase user conversion
Improves the rate at which users start using the application.
Slash user onboarding steps by 70%
Significantly reduces the steps required for new users to get started.
Familiar Web 2.0 experience
Provides a login process similar to traditional web applications.
Full control over UX
Developers have complete control over the user interface.
Customizable
The authentication widget can be tailored to match the app's design.
Embedded
The authentication process occurs directly within the application.
Doesn’t take users away from your app
Users remain within the application during authentication.
Multi-factor authentication
Offers various security layers for user accounts.
OTP code
Supports one-time password codes for authentication.
Device 2FA
Allows users to enable two-factor authentication on their devices.
Recovery email
Provides a method for account recovery via email.
Widget
An out-of-box UI for quick implementation.
Get Started
A call to action for developers to begin using the platform.
Documentation
Provides technical documentation for integration.
Security
Highlights the security features of the platform.
Partners
Lists companies that have partnered with Fortmatic (now Magic).
Pricing
Information about the cost of using the platform.
Support
Offers customer support for developers.

Pricing

Free trial
Free version
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Promo Offer

Monthly plans

Developer

USD 79

Growth

USD 327

Countries & Languages

Global
Countries served
8
Interface languages
15
Billing currencies

Interface languages

EnglishSpanishFrenchGermanPortugueseKoreanChineseJapanese

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇭CHF🇨🇳CNY🇸🇪SEK🇳🇿NZD🇰🇷KRW🇸🇬SGD🇳🇴NOK🇲🇽MXN🇮🇳INR

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