Revolutionizing Gaming with Blockchain: Unity Launches Web3 Integration Options

Revolutionizing Gaming with Blockchain: Unity Launches Web3 Integration Options

A brief explanation of Unity and its recent announcement of Web3 integration options

Unity is a popular gaming engine developers widely use to create games for various platforms, including mobile devices, consoles, and computers. Recently, Unity announced integrating blockchain and Web3 technology into its gaming engine. This integration is set to revolutionize how games are created and played and are expected to bring new opportunities for revenue and monetization for game developers and players. With this move, Unity is positioning itself as a leader in the gaming industry and paving the way for future innovations.

Unity’s Integration of Blockchain and Web3

Unity, a leading gaming engine, integrates blockchain and Web3 technologies into its platform, allowing developers to create games incorporating decentralized solutions. These tools support blockchain services, including token management wallets, digital identity solutions, and metaverse creation options.

Through blockchain, Unity enables players to have real ownership of in-game assets, allowing them to transfer or sell these assets outside of the game environment. It could create a new market for virtual assets and offer a play-to-earn model for gamers.

The decentralized solutions on the Unity platform include 13 different software development kits for integrating blockchain services, such as Aikon Ore ID, Algorand, Altura, Aptos Labs, Dapper Labs, Immutable X, Infura, Metamask, Nefta, Pocketful of Quarters, Solana, Tezos, and Truffle.

Integrating these technologies into the Unity engine will allow developers to focus on building experiences rather than grappling with the technical challenges of implementing complex blockchain solutions. These tools are free on the Unity Asset Store, making them accessible to small developers who can use them to build small apps or games that integrate blockchain technology.

Integrating blockchain and Web3 technologies into the Unity engine represents a major step forward in the gaming industry, opening up new opportunities for developers and players alike.

Also Read: The potential of cryptocurrency and blockchain in the gaming industry in 2023!

Benefits of Blockchain and Web3 Integration in Gaming

Integrating blockchain and Web3 technologies into the gaming industry offers many benefits for both developers and gamers. Here are some of the key benefits:

⦁ True ownership of in-game assets: With blockchain integration, players can truly own their assets, as they are stored on a decentralized network rather than a centralized server. It means players can buy, sell, and trade in-game assets with confidence, knowing that they are the true owners of those assets.

⦁ Increased security: Blockchain technology provides a high level of security by using encryption and decentralized storage to protect data. It makes it difficult for hackers to steal in-game assets or personal information.

⦁ Decentralization: Using blockchain technology, game developers can create decentralized gaming environments that are not controlled by a central authority. It provides players with greater freedom and control over their gaming experiences.

⦁ Transparency: Blockchain technology provides transparency in the gaming industry by recording all transactions on a public ledger. It creates a more fair and more transparent gaming experience for players.

⦁ Play-to-earn models: With the integration of blockchain technology, developers can create play-to-earn models where players can earn cryptocurrency or other rewards for playing games. It creates a new source of income for players and incentivizes them to spend more time playing games.

Also Read: Decentralized Finance and Gaming: Navigating the Risks of Hacks and Exploits!

Conclusion

In summary, incorporating blockchain and Web3 into the gaming sector could revolutionize the industry in many ways. With the help of Unity’s Web3 integration options, game developers can create decentralized games with increased security, transparency, and player ownership of assets and data. It opens up new revenue and monetization opportunities for game developers and players.

Furthermore, blockchain and Web3 integration could change how we play and create games, leading to a more immersive and interactive gaming experience. As technology evolves and game developers embrace it, the possibilities are endless.

Overall, the future of gaming with blockchain and Web3 integration is incredibly exciting and can potentially revolutionize the industry as we know it. The gaming community should look forward to the future and embrace this technology to stay ahead.

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THESE WEB3 PROJECTS ARE EMPOWERING LATINA WOMEN.

THESE WEB3 PROJECTS ARE EMPOWERING LATINA WOMEN.

Latin American women are becoming more interested in Web3, as groups try to encourage involvement by providing instructional materials and grants.

Despite the weak market in cryptocurrencies, interest in Web3 is still rising. According to a recent McKinsey report, Web3 received venture capital investments totalling more than $18 billion in the first half of 2022. According to Cointelegraph Research’s findings, Web3 was the area of the blockchain that caught venture capitalists’ attention the most during the second quarter of this year.

Although noticeable, a dearth of diversity has emerged in the Web3 industry. For instance, it was discovered that just 16% of those who create nonfungible tokens (NFTs) are women. Women are showing interest in owning digital assets, notwithstanding the limited number. As a result, according to industry experts, women are finding it difficult to enter the field of Web3, especially those from underrepresented regions like Latin America.

Encouraging Latina Women to Join WBE3

According to Sandy Carter, senior vice president and channel chief of Unstoppable Domains, a distributor of NFT domain names and a digital identity platform, women in Brazil, Columbia, and numerous other Spanish-speaking nations, including Spain, are increasingly interested in Web3 material.

She spoke about her organization-, Unstoppable Women of Web3 which is a diversity and education organisation that focuses on developing talent to level the playing field in Web3 and was created by Unstoppable Domains on March 8, 2022. After that, more Latinas contacted her asking for Web3 content in various languages.

Carter stated that Unstoppable Domains just established a target to onboard 5 million Latin American women into Web3 by 2030 in order to satisfy these requirements. Carter stated that this effort is being launched in collaboration with the Spanish-language cryptocurrency education portal CryptoConexión and the women-led developer DAO H.E.R. DAO LATAM, which promotes diversity.

According to her The first step in creating a more inclusive Web3 is education. To assist in the development of Spanish-language teaching materials about Web3, her organisation has teamed with women from 25 various organisations. Additionally, they are providing five million Latinas with free NFT domains valued at over $25 million as a method to assist them to create and maintain their digital identity and opening doors to the market.

The fact that women who are natives of or have Latin American ancestry continue to be underrepresented in the tech sector, in Carter’s opinion, makes initiatives like this all the more crucial. In order to put this into perspective, data from the online digital community Built In revealed that women of Latin American heritage only hold 2% of computing-related employment in the United States. The same is true for Latin America, where women are notably underrepresented in fields related to science, technology, engineering, and math, per an IDB study.

Founder of CryptoConexión, Monica Talan has an initiative called “WAGMI LatAm,” where their mission is to ensure access to Web3 content in English, Spanish, and Portuguese, the motivation is to make that organization must take an education-first approach that incorporates different languages to bridge the Web3 diversity gap.

Furthermore, Laura Navarro Muoz, the governor of H.E.R. DAO LATAM, informed Cointelegraph that the group supports Latin American women in their migration to Web3 by offering travel grants for conferences and hackathons.

Organizations like CryptoConexión and H.E.R. DAO LATAM have already begun to have an influence. After receiving a scholarship from H.E.R. DAO LATAM to attend a cryptocurrency event, Bricia Gabriela Guzmán Chávez, community manager at Web3Equity, a Web3 platform promoting gender equality, told Cointelegraph that she landed her first job in the industry.

Guzmán Chávez claims that H.E.R. DAO LATAM also founded the “Hacker Mom Scholar” scholarship programme after ETH Mexico, which allowed her to attend Devcon VI with her three kids. She is currently working full-time remotely on Web3 projects, and any opportunity that these projects give her to attend Web3 events is a chance to enhance the quality of her life, according to Guzmán Chávez.

Talan added that given the demand for Web3 in the area, particularly in countries like Mexico, it is crucial for Latin American women to participate in the industry.

Mexico was the second-largest beneficiary of remittances in the world last year, according to data from the World Bank. Due to this, a lot of Web3 businesses are opening offices in Mexico to facilitate cryptocurrency transfers. The company requires information on the applications of cryptocurrency remittances. If there are more women producing these goods, then it can be assumed that the goal can be accomplished more effectively, according to Talan.

Women in Latin America face challenges when seeking jobs in the Web3 sector

While it’s noteworthy that groups are working to increase the number of Latin American women working in the Web3 sector, obstacles including hiring restrictions and lack of access to technology could make adoption more difficult. For instance, statistics from Crypto Jobs List showed that compared to the last bull market in February 2022, there are around 30%-40% fewer job listings and people engaged in the sector.

On the other hand, Web3 is opening up more remote employment options, which might promote a diverse workforce. Web3 is assisting people, wherever they may be, in obtaining high-paying jobs. Since all they require are the necessary abilities, education comes first, Navarro Muoz noted.

Web3 researcher Diana Carolyn Olvera Gómez told Cointelegraph that H.E.R. DAO LATAM gave her the chance to take part in her first hackathon. She was also given Spanish-language teaching materials by the group. Olvera Gómez responded by revealing that she contributes remotely to Coinmiles, a Bitcoin rewards network, and Web3Montréal, a Canadian nonprofit organisation specialising in Web3.

However, Olvera Gómez pointed out that for many women living in areas like Latin America, access to technology, such as Web3 efforts, might be challenging. However, she thinks that as more women participate, a domino effect would increase their involvement.

According to Carter, women-focused Web3 networks offer a chance to address the gender gap in the workplace and there is a demand among women who want to engage in Web3, but the next problem is to provide the appropriate instructional content: Even if the market is in a bear market, now is the time to build. There is still a lot of passion and energy in the area. Just exactly what education can be to folks who are interested in knowing more?

The Web3 KYC Solution is being built by Equifax, Known for its Large Data Leak

The Web3 KYC Solution is being built by Equifax, Known for its Large Data Leak

In March 2017, Equifax, one of the credit reporting companies that evaluate the financial health of almost everyone in the United States, suffered a data breach that exposed the personally identifiable information of hundreds of millions of people.

Numerous scandals and controversies resulted from the incident: Equifax was condemned for everything from their negligent security posture to their clumsy response to the leak, and key executives were charged with corruption in the days that followed. The issue of who was responsible for the breach also has significant political ramifications on a worldwide scale.

What information was compromised, and how many people were impacted?

Attackers targeted a third-party online gateway that had been patched for a known vulnerability, but Equifax had not updated to the most recent version. For around two and a half months, the hackers had access to the companies’ servers, during which time they stole millions of documents containing private data.

As per reports, Equifax spent $1.4 billion on legal costs and bolstering its security measures as a result of the breach. The company paid a $700 million fine levied by the United States Federal Trade Commission and Consumer Financial Protection Bureau in July 2019.

The information that was stolen and compromised by the attackers was fairly detailed and covered a large number of people because Equifax especially deals in personal data. Names, addresses, dates of birth, Social Security numbers, and driver’s license numbers were disclosed, possibly affecting 143 million people or more than 40% of the US population. Only a small portion of the records—on the order of 200,000—also included credit card numbers; these individuals most likely paid Equifax directly to view their credit reports.

Equifax is Developing the Web3 KYC Solution

To create a Know Your Customer (KYC) solution, blockchain company Oasis Labs has teamed with credit reporting business Equifax, which is well known for having experienced one of the biggest customer data breaches to date. On October 26, Equifax and Oasis announced that the latter would develop a ddddddddddddd identity management and KYC solution for the industry on Oasis’ platform, utilizing application programming interfaces (APIs) to aid with checks and user identification.

The release made no mention of the precise technology that will support this service, and neither business immediately responded to Cointelegraph’s request for comment.

The term “Web3” alludes to the subsequent iteration of the internet, which its supporters predict would be more decentralized, based on blockchain networks, and employ cryptocurrencies.

Both companies contend that there hasn’t been a KYC solution specifically designed for Web3 that offers “high privacy protection,” and their suggested product is intended to fill this gap by sending wallets of users anonymized KYC credentials.

According to the statement, his credentials will be regularly updated, and Oasis promises that its “privacy-preserving features” will ensure that data is processed in confidence while keeping a record on the company’s blockchain.

Dock and Quadrata are the two Web3 companies that provide comparable solutions based on decentralized identification and each of their products is based on a decentralized identity. Few Web3 natives might be wary of the alliance in light of the serious data leak Equifax experienced in 2017.

Conclusion

As a result, the two businesses will collaborate to develop a solution by sending “anonymous KYC-ed credentials” to customers’ Web3 wallets. When Decrypt contacted Equifax and Oasis for more information regarding its technology, neither company answered right away.

In a news statement, Professor Dawn Song, the founder of Oasis Labs, stated, “We are trying to not only construct a better, more efficient decentralized identification and on-chain KYC solution but to help speed the adoption of Web3 and provide more trust to the sector.”

Binance to Issue ‘Soulbound’ Tokens Who Are Done With Know-Your-Customer Requirements

Binance to Issue ‘Soulbound’ Tokens Who Are Done With Know-Your-Customer Requirements

Binance is presently one of the crypto platforms that is dominating the global market. The exchange became very user-friendly along with its specialty of the mechanical ecosystem. This top cryptocurrency exchange Binance is about to issue a soulbound tokens on the BNB blockchain. According to an official announcement, It is for all users who will complete their know-your-customer (KYC) procedure.

What Is Soulbound Token?

Last month, the world’s largest crypto exchange, Binance, announced that it is prepared to issue Binance Account Bound (BAB). BAB was introduced as the first-ever Soulbound Token (SBT), which is developed on the BNB Chain. BAB was planned to launch as a pilot project initially and is expected to only be accessible through the Binance mobile app.

The concept of soulbound tokens was first revealed in a blog post by Ethereum co-founder Vitalik Buterin in January. He explained this new asset class as non-transferable digital tokens. It represents social identity in a decentralized ecosystem.

Soulbound tokens will work as an identity passport across the BNB chain. These tokens are unique and non-transferable. The users who don’t want to share their identity across the entire network can avoid the token.

Binance’s soulbound token is named Binance Account Bound (BAB). According to the official release, it will allow enthusiast users to participate in developing projects while earning rewards.

The SBT concept was first made public by Ethereum Founder Vitalik Buterin. E. Glen Weyl and Puja Ohlhaver were also present at that time. Buterin disclosed the flaws of transferability and commercial viability features of NFTs.

Soulbound is a new and unique token standard that could potentially form an essential developing block for the Decentralized ecosystem. Buterin explained multiple ways of using SBTs. For instance, from university degrees to education credentials and web3 credit scores, this token can be utilized.

The use of KYC in the crypto market started with an intense investigation this week. It happened when decentralized exchange dYdX requested its users to complete a “liveness check” through webcam technology. Though, several users stood against the platform’s scheme. The questions raised regarding the relationship between decentralization and KYC.

How Would It Work?

The token was planned to be an opt-in feature that will allow only those Binance users in compliance with Know-your-customer (KYC). It will allow the users to mint their BAB directly on their wallets while using the platform.

BAB was mainly introduced to act as online identification for Binance. The token can also be utilized by third-party protocols to ensure BAB tokens for several activities such as airdropping NFTs, avoiding bots, and a DAO using it for quadratic voting, etc.

The official blog post noted the ​​BAB token is the first-ever Soulbound Token about to launch on the BNB Smart Chain. It will focus on the issues of the user’s identity in the decentralized society. The token is a non-transferable and non-financialized token as earlier it was mentioned.

According to the official announcement, ‘transferability’ may not be the main attraction of decentralization. Because it can be troublesome considering the distribution of governance power.

Therefore, BAB is certainly unique from traditional digital assets like Bitcoin and Ethereum. These coins represent momentary sums.

According to the platform, “Since we begin to explore how identity proof will function in Web3, whether it will be in the form of a provable skillset or an earned title, further use cases for the BAB token will increase. This sense of responsibility paves the rudder for a more efficient decentralized community and space.”Binance believes that additional use cases for BAB will increase in the future as the web3 landscape rapidly starts to dominate the market.

Users Will Get Into Web3 Platform By One Click

Users Will Get Into Web3 Platform By One Click

Rachel Wolfson, a senior reporter of a renowned online media, sits down with the CEO and co-founder of Point Labs Serge Var in a recent AMA.  Point Labs is a company that is related to developing the Point Network. The team of the network explains it as the world’s first real full Web3 implementation. Everything is decentralized on that platform. Not only in financial aspects, but also in other user fields.

In the context of the historical market, Serge shared that many projects are forwarding for decentralization of one thing or another and that is working very well. For instance, he explained file sharing. He said that there was Napster and Mega by Kim Dotcom. That stopped when the government ended these platforms. After that, BitTorrent was created. Then ultimately, file sharing changed to decentralized. According to him, several personalities wanted to stop it, but they unsucceeded.

But it was just one example. Serge told viewers that this is just the introduction. According to him, everyone wished once that maybe they could decentralize the whole internet. It can start with domains and storage and extend to everything. He further added that the users can be set free from censorship and mass surveillance and all that kind of guard and that’s the planning of Web3.

He didn’t hesitate to say that they have been observing other projects and trying to do that. But they had not found anything close which is why they started working on Point Network!

The Web3 Foundation :

Currently, Serge points to the number of hacks. That is a significant indicator of the lack of decentralization in the current ecosystem. Focusing on the Point Network roadmap, Serge explained that their solution gives priority to both the infrastructure. All the projects could be done when the original Web3 is done. That will include a decentralized social network along with end-to-end encrypted email and a virtual file storage space that will be similar to Google Drive. It will work like that space.

He stated that presently, all the Web3 projects are identifying themselves as Web3. But the only decentralized portion is the smart contract. The projects are open to hackers as the rest is centralized. He humorously added that these platforms will often claim that they are sorry for the hacking of the name servers with a 100 in reasons.

Point Network explained that total decentralization is the only way that performs as domains on the blockchain that point to normal browsers aren’t fixed in a way that can protect users.

Overview Of Point Network :

In a complete decentralized infrastructure, the domains on the Point Network will be set on the blockchain along with storage in Arweave. Arweave is a decentralized peer-to-peer storage solution. In that context, Serge shared that Point Network will act just like another application that users download. Hence, inside the Point browser ecosystem, users only can use Point domains and decentralized storage to separate it from Web2.

An Upcoming web3 Space :

This web3 network is about to launch. After all, the infrastructure is done. Serge shared it as an experimental project. It means it will still take some time before the platform and API is ready.

It was shared that it is not like the other projects which are competing with each other. Serge wishes that Point network can simply mix all different apps into the browser. It can be done instead of imposing isolationism. The aim is towards a clear path to Web3. Point Network can be the beginning space for taking together every user in a true decentralization platform.

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