Immutable set to launch Web3 non-custodial wallet & authentication product, passport, in partnership with magic
Immutable, the leading web3 gaming company, is set to launch its highly anticipated non-custodial wallet and authentication platform Immutable Passport, in partnership with Magic, a wallet-as-a-service and key management solutions provider.
Immutable Passport is a non-custodial wallet and authentication solution that streamlines user onboarding through passwordless sign-on and automated wallet creation. Through Passport, game studios can drive adoption across mainstream audiences, maintain enterprise-grade security, and achieve global scalability.
“Immutable and Magic are a great fit as our core principles align perfectly — striving to make web3 as accessible, inclusive, and user-friendly as possible,” said Steen Andersson, VP of Product at Immutable. “Thanks to our joint efforts, Immutable Passport will revolutionize how gamers interact with decentralized platforms, opening up web3 gaming to mainstream gamers.”
Immutable Passport users can get access to a secure digital wallet, protection against fraud, and seamless authentication across web3 games and marketplaces as they explore new digital worlds. By incorporating Magic’s highly scalable, enterprise-ready non-custodial wallet technology into Passport’s infrastructure, Immutable ensures studios and gamers alike receive a proven and reliable solution.
The two biggest challenges facing studios building web3 games are security and player onboarding. This is largely due to a unique requirement for web3 games — the need for a crypto wallet. Even though the concepts of in-game currency and player profiles are commonplace in the gaming industry, the complexity of a crypto wallet often leads to confusion and skepticism. Further, the vast majority of wallet solutions available today aren’t designed for gamers and actually detract from an immersive gaming experience.
Immutable Passport was designed from the ground up to comprehensively address these issues, providing a safer and more user-friendly onboarding experience. With Passport, players can create a single digital identity that can be used across multiple games and marketplaces — without complex wallet setup or private key management.
This universal approach creates a seamless non-custodial wallet experience for players, allowing them to quickly start their journey to the world of web3 games with just an email address, with no passwords or seed phrases needed. Further, Immutable Passport enables frictionless purchases of digital in-game assets. In coming releases, it is planned to enable increasing features such as purchases via credit cards, instant checkout and safeguards for players such as automated scam protection and limits.
Immutable Passport is being developed in partnership with leading web3 wallet service provider, Magic. This collaboration brings together Magic’s best-in-class and patented wallet technology and Immutable’s mainstream gaming-friendly authentication system, transaction protection, and community features. By using familiar Web2 login methods and automating wallet creation, Magic abstracts away the complexities of crypto wallets and provides a non-custodial wallet solution that offers scalability and reliability.
Magic offers a white-label non-custodial wallet SDK that powers Immutable Passport, resulting in a frictionless and immersive gaming experience. Magic’s SDK also provides enterprise-grade security for digital assets and is SOC2 Type 2 compliant. Magic’s patented Delegated Key Management System (DKMS) ensures that private keys are encrypted and secured, and only end users can access their assets. For Immutable Passport, this ensures that only the holder of the corresponding private key can gain access, allowing gamers to remain in control of their assets.
“We’re delighted to partner with and provide key management infrastructure for a gaming pioneer like Immutable to bring such a timely and much-needed solution to the web3 gaming market,” said Sean Li, CEO and Co-founder of Magic. “Immutable Passport bridges a deep gap in the industry by trussing together identity, onboarding, enterprise-grade security, payments, and heightened user experience to deliver a truly one-of-a-kind offering for web3 gamers. Magic’s technology ensures that Immutable Passport is ready to scale to welcome millions into web3 gaming.”
Ultimately, Immutable Passport has the potential to revolutionize the way gamers and developers interact with the web3 ecosystem, offering a more user-friendly and accessible onboarding experience while also providing enhanced security and access to the largest web3 gaming ecosystem. This makes it much easier for users to access the benefits of web3 technology, including access to blockchain-based games, rewards, and other opportunities.