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News

ImmutableX Plans To Build Web3 Game To Protect Against In-game Assets Loss

February 11, 2023 - Around 2 mins mins to read

Key Points:

  • According to ImmutableX, web3 gaming will help protect against losing assets, access to accounts, or a game shutting down, resulting in the loss of millions of dollars for players and all players’ in-game purchases.
  • Cross The Ages announced that its collections have officially lived on the Immutable marketplace.
ImmutableX just announced on Twitter that they are developing tools to empower players for future generations and that players will have more control, ownership, transparency, and access to an open in-game economy that is open to all.
ImmutableX Plans To Build Web3 Game To Protect Against In-game Assets Loss

Traditional in-game assets are being formally purchased but will work more like rented items, according to their statement. This means that assets can be modified, lost, or blocked at the whim of the host or third parties.

https://twitter.com/Immutable/status/1624185447789531136

According to their imminent plan, web3 gaming will help protect against losing assets, access to accounts, or a game shutting down, resulting in the loss of millions of dollars for players and all players’ in-game purchases.

ImmutableX Web3 Gaming Solutions

  • Storing digital assets on a blockchain
  • All transactions are recorded on a public ledger
  • Inoperability, assets can be used seamlessly across different platforms.

In particular, players can no longer just purchase stuff. Without the use of intermediaries, brand-new economies are created by trading, keeping, or gaining cultural value via metadata.

Web3 and blockchain technologies will potentially open up a new world of possibilities for virtual goods markets and in-game economy.

Previously, Cross The Ages announced that its collections have officially lived on the Immutable marketplace. Participants can trade on all ImmutableX protocol marketplaces will be available soon.

ImmutableX Plans To Build Web3 Game To Protect Against In-game Assets Loss

Besides, Illuvium also announced a partnership with ImmutableX on February 9 with the project Illuvistars. Illuvitars are configurable avatars used as profile pictures in the Illuvium Universe.

Powered by IMX, their cutting-edge technology helps bring the most expansive and feature-rich NFT collection to light. Immutable ensures true digital ownership as well as gas-free transactions. We are proud to have them as a trusted partner for Illuvitars and beyond.

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

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Thana

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.