Author: Bastion team; Translation: Jinse Finance xiaozou
Bastion is a web3 orchestrator that helps enterprises and projects easily create next-generation on-chain and off-chain products. We believe there is tremendous interest and opportunity for enterprises to leverage digital assets to create amazing user experiences, strengthen loyalty, and optimize business outcomes.
Until now, companies have faced incredible difficulties in building web3 products with excellent user experience: users have great difficulty operating and protecting wallets, blockchain finalization times can be slow, and network gas fees fluctuate. Soaring, a single product flow often requires multiple transactions on the chain.
We developed Bastion to make web3 accessible, robust, secure, and compatible—so businesses building with Bastion can focus on developing products and experiences that are seamless, faster, and more fun.
At Bastion, we don’t believe that the future of web3 means that all interactions need to happen on-chain. We are building a system that intelligently chooses the best route, whether on-chain or off-chain, to seamlessly power the most innovative web3 products and initiatives.
1. Bastion Platform: Our Comprehensive Tool
Bastion’s core mission is to remove the barriers to building products in the current web3 world – we’ve had enough of complex crypto wallets, siled payment platforms, and limited interaction between brands and customers.
So we created our own platform:
Managed Wallet API: Key storage backed by secure hardware, accessed through a powerful and easy-to-use API that abstracts the complex interactions that may occur with multiple transactions on-chain.
Intelligent transaction routing: Intelligent routing ensures that transactions are processed effectively between users: if the transaction does not need to be carried out on the chain, Bastion will process the transaction off the chain. Such interaction is instant and truly gas-free.
User Analytics and Insights: Data collection and analytics provide key metrics for all on-chain (all wallets and chains) and off-chain (e.g. authentication for token gating events) behavior of users.
In short, Bastion is a new attempt at an interactive future driven by web3 infrastructure, with the seamless user experience of web2. Bastion can reduce the burden of complexity on the chain for users while providing off-chain value to enterprises. Our goal is to become the ultimate coordination layer for traditional enterprises to build web3. By easily coordinating multiple components to achieve a result that is greater than 1 plus 1, businesses building with Bastion will no longer have to create or build multiple solutions piece by piece themselves.
Our platform is now live and we’d love to show you how Bastion can help your customers unlock new experiences.
2. How Bastion was formed: our founders and team
The inspiration and founding foundation of Bastion stems from our founding team’s seven years of collaboration in the digital asset and security fields.
Our initial collaboration was to secure Docker, an infrastructure platform designed to simplify running applications. Today, Docker has become a ubiquitous technology primarily used in development and cloud tasks, providing a seamless, secure-by-default user experience.
Our first foray into digital assets was at Anchorage Digital, where we joined as founding and early-stage engineers with the goal of securing billions of dollars worth of cryptocurrencies for institutions. We worked together to build a hardware-backed private key storage platform that will ultimately serve as the security technology behind the first federally chartered crypto bank. We then shifted our focus to massive user scale, building and leading the wallet infrastructure and hosting program on Meta’s cryptocurrency wallet Novi.
Prior to founding Bastion, we also joined Andreessen Horowitz Crypto as Chief Information Security Officer and Chief Technology Officer, where we worked closely with many incredible founders and teams who were eager to have solutions like Bastion to help Build your own product.
Our founding team is a key differentiator for our product, and as we continue to expand Bastion, instilling a sense of staying true to our vision will be critical. Our team has extensive expertise, including experience leading engineering programs at top technology companies and overseeing successful compliance and regulatory programs in the web2 and web3 space.
We develop and build on this solid foundation and welcome talented partners to join us.
3. Support from industry leaders: our financing situation
Bastion raised $25 million in seed funding, led by a16z crypto, with participation from Laser Digital Ventures, Packy McCormick’s Not Boring Capital, Tarun Chitra’s Robot Ventures, Sancus Ventures, Alchemy Ventures, Isos7 Venture Fund, Tom Brady NFT platform Autograph, Aptos Foundation, as well as individual investors Ryan Wyatt, Roham Gharegozlou, Dan Guido and several other leaders in the web3 and web2 fields. We are grateful to David Marcus and Dan Boneh for their suggestions.
4. Bastion’s future
At Bastion, we're excited to support companies creating their next generation products, connecting the best web2 and web3 resources. As more and more companies join web3, we believe Bastion is the key platform they need for development.
