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5/4/2023

Immutable Set to Launch Web3 Non-Custodial Wallet & Authentication Product, Passport, in Partnership With Magic

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TL;DR

The decentralized gaming and accessibility pioneers join forces to offer players unprecedented ease of access to the web3 gaming ecosystem

Sydney — 4 May 2023 — 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.

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About Immutable
Immutable is a global leader in gaming on a mission to bring digital ownership to every player by making it safe and easy to build great web3 games.

The Immutable gaming platform makes it easy for game studios and independent developers  to safely and confidently build and launch successful games on Ethereum. The product suite includes pre-built solutions, optimised for usability, that help developers get to market faster without sacrificing security or player experience. Builders get personalised web3 guidance, live support for their communities, and access to the largest ecosystem in gaming.

Co-founded by James Ferguson, Robbie Ferguson and Alex Connolly in 2018, Immutable is headquartered in Sydney with a team of over 300 leading technologists, creators and innovators, and backed by top transformational tech investors like BITKRAFT Ventures, King River Capital, AirTree, Temasek, Coinbase and more.

Join the Immutable community on Discord, Reddit, Twitter, Instagram, Telegram, and Youtube

About Magic

Magic is a web3 onboarding solution that helps brands create instant non-custodial wallets with a web2 login (email, social). It abstracts away the complexities of wallets, removing seed phrases, extensions, and downloads. In addition, Magic offers features such as auth services, fiat onramps, NFT minting, and NFT Checkout. Magic is trusted by top enterprises and web3 brands, including Mattel, Macy’s, Nifty’s, Immutable, and more.

Learn more about Magic on Twitter / LinkedIn / Website

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