Announcements

LoginID® to Provide FIDO2-Certified Strong Authentication for AAG Ventures

San Mateo, CA, December 13, 2021.

LoginID will enable secure customer interactions on AAG’s ‘Play to Earn’ and ‘Play to Learn’ NFT Platform

San Mateo/San Francisco, December 9, 2021 -- AAG Ventures today announced a partnership with LoginID, a FIDO2-certified biometric authentication and digital identity provider, to provide authentication services for AAG’s industry leading ‘Play-To-Earn’ and ‘Learn-To-Earn’ blockchain platform.

By integrating with LoginID’s SDKs, AAG will enable authentication as part of the gaming experience and thus ensure the integrity of the identity of the players as they earn NFT (non-fungible token) and crypto rewards. LoginID’s FIDO2 passwordless authentication provides AAG gamers with a convenient and secure interface for interacting with their platform. FIDO is the de-facto industry standard and is actively available on over 4 billion devices globally. Given the growing popularity of gaming on mobile devices, this is particularly important.

This past year has seen an explosion in the popularity of Play-To-Earn games. The impetus for this growth was Axie Infinity's addition of a token-based component to their games that enable any player with a computer or smartphone to earn cryptocurrency by playing. Play-To-Earn was popularized by Axie Infinity and the number of daily active users on their platform increased 38x from 50k to 1.9M from Jan to Oct 2021. The majority of those players reside in the developing world in countries like Brazil, Argentina, the Philippines, and Indonesia.

“With the explosive growth our platform is expecting in 2022, it is fundamental that we ensure that players are in fact the individuals earning their rewards. Integrating LoginID will help ensure that player rewards are protected, said Jack Vinijtrongjit, CEO, AAG Ventures. Once a player has added FIDO strong authentication we can prompt them at any time to authenticate if it is in fact them interacting or transacting.”

“AAG is helping empower individuals with either learning or earning opportunities, building on their theme of economic empowerment for people. This integration is a great example of how LoginID’s authentication and identity can protect individuals and their crypto earnings,” said Jim Brown, CRO and Co-Founder, LoginID. “Regulatory compliant FIDO strong authentication will also give confidence to any partner of AAG that they are utilizing the highest standard for strong authentication.”

Earlier in December AAG Ventures secured a $12.5M round of funding which included multiple investors including Shima Capital, Tribe Capital and HashKey Capital. The funds will be used to scale up their Play-To-Earn and Learn-To-Earn platform.

About AAG Ventures

AAG Ventures created one of the quickest growing guilds in the Play-To-Earn gaming space, the AAG (Achip & Achair Guild). AAG has more than 2k active scholars playing from seven different countries: Philippines, Indonesia, Brazil, Argentina, India, Nigeria, and Russia. AAG Venture’s mission is to Create Economic Freedom Worldwide Through the Metaverse Economy.

About LoginID
LoginID is based in San Mateo/Toronto and their mission is to bridge the gap between user authentication and securing their information. LoginID accomplishes this via its FIDO2 and UAF certified strong customer authentication, privacy, and tokenization platform. The team is composed of experienced executives with backgrounds in security, cryptography, payments and mobile with a global focus. Visa is a strategic investor in LoginID.

For further information contact: sales@loginid.io.

Contact: Jim Brown
press@loginid.io

About LoginID

LoginID is a San Mateo/Toronto based company focused on bridging the gap between authenticating users and securing their information. This is facilitated through its FIDO2 and UAF certified strong customer authentication, privacy and tokenization platform. The team is composed of seasoned executives with decades of experience across global brands, helping commercialize products around security, cryptography, payments and mobile. LoginID is funded by notable fintech investors, and most recently Visa Inc.

For further information contact: sales@loginid.io

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