Think that the gaming industry and web3 solutions are incompatible? Well, today we’re here to dispel this myth! In this article, we will dive into how white-label wallets empower Web3 gaming platforms and why they’re becoming a must-have feature in the crypto industry.

What Are Web3 Gaming Platforms? 

Let’s start with the simple things. Web3 gaming platforms are the next-generation gaming ecosystems built on blockchain technology. And unlike traditional games, where in-game assets and currency (coins) are controlled by developers, Web3 games give players true ownership of assets in the form of tokens to NFTs.

These platforms are true revolutionaries within the crypto industry because they integrate blockchain technology, decentralized economies, and digital ownership of the awards. 

In traditional gaming, players can purchase in-game content or earn digital assets as rewards using fiat currency. However, the game operators still retain full copyright and control over these assets. Simply put, players don’t truly own the in-game items – they only have a license to access and interact with certain elements of the game.

But for the web3 gaming platforms, they introduce innovative features like gaming Decentralized Autonomous Organizations (DAOs), fully decentralized gaming ecosystems, blockchain-based ownership of in-game assets, play-to-earn (P2E) models, crypto-secured gaming wallets, and immersive metaverse gaming experiences.

How Do White-Label Wallets Integrate Into Gaming Platforms? 

Not for the first time we talk about how the crypto industry has rapidly grown over the past decades. Well, the gaming industry is not an exception. For Web3 gaming platforms aiming to scale and lead the market, integrating a white-label wallet is a pretty smart strategic move! Implementation of such a solution can enhance user experience, ensure asset security, and unlock new revenue streams.

But how exactly the cooperation of crypto wallets and web3 gaming platforms can be mutually beneficial? 

  • Internal in-game transactions: players can buy, sell, trade, and store tokens or NFTs directly within the game without leaving the platform
  • NFT asset storage: wallets securely store gaming NFTs, like characters, skins, weapons, land, and other in-game assets, ensuring true digital ownership
  • Play-to-earn mechanism: white-label wallets allow games to easily distribute crypto rewards and earnings, supporting P2E models
  • Unique DeFi features: crypto wallets can integrate DeFi tools like staking game tokens for rewards, enhancing user engagement and retention
  • Multi-chain support: a lot of white-label wallets support multiple blockchains, making them ideal for games using diverse token standards or cross-chain assets

Why integrate a white-label wallet?

First of all, this integration enables gaming platforms to implement a seamless user experience. A white-label solution keeps gamers engaged because users have all the needed functions and tools within one app or platform: they can swap and earn assets without friction.

Secondly, DeFi mechanisms integration can bring additional revenue both for the gaming platform and for the crypto wallet providers through transaction fees, NFT marketplace commissions, and even more. 

Monetization is an essential part of product development, and it can be done using various tools, it’s all depends on your goals! You can learn more about monetizing tools for your service during the meeting with our team!

Last, but not least, the differentiation of the product. Due to the intense competition in the gaming industry, including web3 gaming, developers must constantly think about how to enhance their products and make them stand out among similar offerings. In this context, integrating crypto wallets can significantly expand the functionality of a gaming platform, making it more appealing to players.

Conclusion

To wrap it up, for web3 gaming platforms, integrating white-label wallet solutions has the potential for growth, increased user engagement, and long-term sustainability. This partnership can turn the platform into a fully-fledged gaming ecosystem, where players can own their assets and contribute to the economic growth of the game, spending more time and money in one app. At the same time, white-label wallets can benefit from such cooperation through transaction cashback and monetization features.

EvercodeLab offers powerful white-label wallet solutions for web3 games – secure and ready to scale. We support NFT storage, multi-portfolio management, DeFi tools, and cross-chain compatibility – all designed for gaming. Book a meeting to learn more about this opportunity!