Startup profile · funding coverage
XMTP funding, valuation and investors
Decentralized messaging protocol for web3 apps and wallets.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Not publicly disclosed
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
Not publicly disclosed
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b
Overview
XMTP (Extensible Message Transport Protocol) is an open messaging protocol and network enabling encrypted wallet-to-wallet communication across apps — so users keep conversation history while switching clients. The project raised venture funding including Andreessen Horowitz crypto participation. XMTP powers messaging in apps like Coinbase Wallet, Lens, and other web3 clients, aiming to be SMTP-for-web3 messaging.
Why XMTP is interesting
XMTP lets wallets message without centralized servers — a16z crypto bet on interoperable chat layer as onchain social and payments need portable identity.
Product & use cases
XMTP protocol provides encrypted, persistent messaging tied to wallet addresses — developers integrate SDK so users message across compatible apps with one identity.
- NFT marketplaces enabling buyer-seller chat via wallet
- DAO coordination and wallet notifications
- Onchain social apps with portable DM history
Key facts
- a16z crypto portfolio protocol
- Integrated in Coinbase Wallet and Lens among apps
- Open-source extensible message transport for web3
Investors in our directory
Funds linked from XMTP's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Open protocol versus walled-garden app DMs — wallet-native identity aligns with web3 composability thesis.
Web3 messaging needs standard protocol to avoid silos; XMTP's adoption depends on wallet and app integrators — classic protocol cold-start challenge.
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Wallet in-app chat (closed) incumbent
App-specific messaging; not portable.
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Telegram / Discord adjacent
Centralized community chat; not wallet-native.
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Farcaster DMs adjacent
Onchain social messaging; overlapping web3 audience.
Notable stories
- XMTP pitched 'your inbox follows your wallet' — messaging portability as web3 apps multiplied and users refused siloed chat per app (protocol documentation).
Industries
FAQs about XMTP
Practical answers founders, operators, and investors typically search for.
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