NFTs News

ImmutableX Plans To Launch Immutable Passport For Web3 Gamers

Key Points:

  • The Immutable Passport, which offers an all-in-one method for game developers wanting to enroll players into Web3, will shortly be released by the Ethereum scaling system ImmutableX.
  • By enabling passwordless sign-on and automatic wallet generation, Immutable Passport is a wallet and authentication solution that simplifies the onboarding process for gamers.
ImmutableX, an NFT layer-2 expansion solution, plans to launch an all-in-one pass system, Immutable Passport, in April this year.

By enabling passwordless sign-on and automatic wallet generation, Immutable Passport is a wallet and authentication solution that simplifies the onboarding process for gamers. The non-custodial approach provided by Passport never stores the user’s private keys or participates in transaction signing.

Through Passport, video game developers may promote usage among general audiences, uphold enterprise-grade security, and have access to useful player statistics. A secure digital wallet, fraud prevention, and seamless authentication across Web3 games and markets are all available to players. Gamers may develop and protect distinctive online identities with Immutable Passport that follow them as they move around Web3.

According to reports, Immutable Passport is similar to Xbox Gamertag or Apple ID. It does not require a password when logging in, does not retain the user’s private key, and does not participate in signing transactions.

Immutable President and co-founder Robbie Ferguson said:

“For Web3 gaming to reach a billion players, onboarding must be invisible, secure, and work across any game – mobile, console or desktop. Until now, security and friction have been tradeoffs. Passport is a self-custodial wallet, where users can sign in with just an email and one-time password – it will be a game changer for players and radically reduce user acquisition costs.”

The launch aims to provide non-custodial wallets, player data, and identity verification solutions for Web3 gamers and help Web3 game studios attract new players. Gamers can stay safe and in control of their assets thanks to the Immutable Passport’s enterprise-grade security, which makes sure that only the owner of the associated private key can get access.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

8 minutes ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

38 minutes ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

2 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

2 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

3 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

5 hours ago

This website uses cookies.