WINR Protocol, a notable heavyweight in on-chain casino gaming, has revealed plans to infuse innovative features and tech stacks. At the heart of this initiative is the aim to overhaul the iGaming world with cutting-edge blockchain tools and infrastructure.
The company’s successful rollout of three products, including a decentralized liquidity engine, game software kits, and a unique incentive mechanism, has won over more than a thousand users. This traction is evident in the impressive $60m trading volume they’ve seen. But, the most awaited feature lies ahead: account abstraction.
WINR Protocol is on a mission to provide blockchain infrastructure and tools to iGaming platforms. The goal is simple: to create a non-custodial, transparent, and decentralized platform where end users can play without even realizing that everything is running on the blockchain. pic.twitter.com/fq6zEIN0wH— WINR (@WINRProtocol) August 9, 2023
Addressing Age-Old Dilemmas with Account Abstraction
Historically, the industry’s bane has been the challenges Dapps face when attempting to onboard conventional web2 users. From fragmented liquidity to convoluted fund onboarding processes, the list of obstacles has been endless. Add to that, the mistrust fostered by unpredictable web2 platforms due to abrupt account limitations, invasive KYC demands, and the troubling trend of platforms simply vanishing.
However, WINR’s account abstraction seems to be the elixir. The idea is to create shared, non-custodial, on-chain accounts owned entirely by users, facilitated via familiar channels like social logins or email authentications.
“The result is a unified authentication system where users can effortlessly access all WINR-powered platforms across any chain with consistent credentials,” a WINR representative commented.
This framework ensures that users can manage their smart account wallets effortlessly, anchored securely by smart contracts. This means betting becomes a one-click affair, devoid of the typical deposit-withdrawal snags.
On the flip side, platforms are relieved from the pressures of deposit inducements, focusing solely on delivering unparalleled betting experiences.
WINR’s account abstraction module is primed for launch at JustBet Casino soon. And fans of on-chain gamified casinos can look forward to its integration with DegensBet in the coming weeks.
Moreover, as the curtain rises on the fourth quarter, the much-anticipated WINR Chain is set to make its grand entry.
Implications for the iGaming Industry
- Transparency at Forefront: WINR’s approach reinforces the importance of user trust and transparency in decentralized platforms.
- User-Centric Evolution: Future platforms will likely need to prioritize user experience and onboarding ease to stay competitive.
- Deposits Redefined: With the advent of seamless on-chain wallets, the traditional deposit structure in iGaming could become obsolete, with new opportunities opening in the iGaming industry.