A5 Labs brings utility to NFTs with non-transferable poker avatars

A5 Labs brings utility to NFTs with non-transferable poker avatars

NFTs, or non-fungible token, have been making headlines for the wrong reasons recently, with prices crashing and a backlash from many people.

Some people believe that NFTs are not just certificates for overpriced digital art. They could have a big part to play in the future of online poker.

A5 Labs has put NFT in the center of a white paper on game integrity and sustainable online poker.

Several unique and exciting suggestions for making poker more entertaining for recreational players, more sustainable for poker pros, and safer for everyone, regardless of skill level, were proposed.

The online space could be changed by the cross-site NFT avatars. The idea is to create transparent, anonymous, and secure IDs and add them to the blockchain where they would be publicly observable, completely transparent, and yet completely anonymous. They would allow poker sites to exchange information about players while maintaining their privacy.

Why do you cross-site NFT avatars?

A5 feels that the poker industry is poised to take advantage of the unique strengths of the block chain, despite the paper being cautious about the application of the block chain to many other areas of life.

The paper says that it is not an effort to preach Web3 because it is impractical for many industries to move away from the centralized power of Big Tech. There will be strong resistance from a few of the large players. We believe that the online poker industry is a special case where the adoption of certain Web3 technologies is easier and will have large practical benefits to urgent problems.

There could be real utility in cross-site NFTs in the online poker world.

You might be wondering how this could possibly work if you are used to the current perception of NFTs. That shows the narrow way in which NFTs have been popularized.

An NFT is flexible and can be used many different ways. This is the token part of the object that is unique and non-fungible, and it stands for something that is clearly specified.

In the art world, a token is usually used to represent ownership and the code is used for a specific file. Since it’s just an entry on a ledger, it’s just as easy to use as a digital passport, smart contract, or bearer bond.

There is a more secure game with the NFT avatars

A5 NFT is a kind of membership card that can be used in the online poker world. The user’s skill rating, risk bucket, playing style, and confirmation that A5 has confirmed the user’s details would be contained in the NFT. It would have a bad actor’s rap sheet, what they did, and how long since they last did it. See our previous article on the Future of Player Profiling for more on this.

A ban on a single site would make games safer for all of us.

The full spectrum of user ratings would also be taken into account. If a player has a high-risk rating on their NFT, a site would devote more resources to checking their play. Weak players could be matched against strong players. If the style of play suddenly changes, you can flag accounts for ghosting, where players allow someone else to use their login details, since the NFT can be coded with details of a player’s style of play.

The biggest advantages for excellent actors include knowing that your opponents all have comparable histories on their NFTs, as well as a great degree of convenience when joining up to a new site.

Good actors can build an industry-wide reputation around their anonymous identity that, just like a healthy credit score, enables them to enjoy benefits similar to the current operator-specific loyalty points, according to the paper. Operators will be able to solve their cold start problem by knowing their reputation and tailoring their offerings to gain the most value from new customers.

Mainstream adoption is happening

But what about adoptions? A lot of players might be scared by the need for an NFT avatar because of the steep learning curve of the cryptocurrencies. Since the NFTs wouldn’t be interchangeable, they could all be held centrally by a third party. The process of signing up for NFT could be simplified. It isn’t as complicated as your standard online banking setup.

Most people use their Google or Facebook accounts to quickly set up logins on third-party sites, so players would use NFT avatars in the same way. There is a way for those sites to transmit data that is user specific without violating the anonymity of the player.

The co-CEO of A5 Labs explains that they have an anonymous ID. You can log in to multiple systems with this ID, it’s like a universal sign-on. This will allow you to build a reputation across multiple sites. This ledger is used to record the reputation information. Identification information is never available on the blockchain, but sites must do their own KYC.

Eddie Harari, a cyber security expert, reviewed the A5 Labs white paper for Cardplayer Lifestyle and noted the value of the NFT avatars. He wrote that an excellent usage for NFT technology is suggested that will ensure player identity is kept anonymous but still identified by the different online game operators and is also non-fungible. The use of NFT technology will allow different operators to establish trust with the user based on his previous activity and behavior.

With sites like GGPoker beginning to exchange information regarding bans with its partners, now is an excellent opportunity to consider how player information may be safely shared across operators to make the future of online poker safer and more enjoyable for everybody.

Don’t stay away from the debate. The vision for a safer future for online poker is set out in the A5 Labs White Paper. At A5labs.co, you can find more information about its long-term mission to make poker secure and sustainable.

Summary:

According to a white paper by A5 Labs, NFTs could be used to create cross-site NFT avatars for online poker. The user’s skill rating, risk bucket, playing style, and confirmation that the user’s details are user-specific are some of the things that would be contained in the NFT avatars. They had a bad actor’s rap sheet, as well as what they did and how long since they last did it.