With Web3’s Single Sign-On technology, you can get instant access of your accounts without having to wait for the service provider’s server to respond and log you in. No need for one-time passwords or access codes.
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What is Web3 Login?
Web3 login refers to using your digital cryptocurrency wallet as credentials to sign into a particular website, service, or application. Rather than using a traditional username and password combination, a public and private key pair authenticates you and grants you access.
This mode of authentication is exponentially more secure than Web 2.0 login, even with all its peripheral security features and extensions. Web 3.0 refers to blockchain technology, which is self-attesting and practically impossible to break. Given that thousands or even hundreds of thousands of blocks in a chain keep each other error and tamper-free allows you to put a high level of trust in its reliability.
Once you’re authenticated with a Web3 login, you can use features like tokengating to restrict or provide access to certain services. Holders of different cryptocurrencies and NFTs can be targeted for specific markets, thereby enhancing their experience.
What is NFT Gating?
NFTs, or Non-Fungible Tokens, are cryptographically encrypted tokens that are unique in nature. Meaning, they are non-fungible. These tokens can be used to represent digital or even physical assets of a large variety. Thus, the sale and purchase of these assets can be carried out simply by exchanging these NFTs for either a traditional currency or another NFT.
Using the concept of Web3 login we mentioned above, a user can log into a website or application with their crypto wallet and use the NFTs owned by that wallet as an entry to certain services and features. In other words, NFT gating is the process of restricting access to a website, application, or specific sections of the same behind the ownership of NFTs. NFT gating becomes another way of ensuring whether a user has made a legitimate purchase and deserves access to a service behind a paywall. Exclusive memberships and VIP events can also be gated behind special NFTs that are available to a select few people.
Tokengating allows you to create NFT gated communities where like-minded individuals can share NFT gated content with each other. It may not even be a tangible asset, but an experience that can be shared and collaborated on. This is just one of the use cases made possible by the NFT API.
Benefits of NFT Gating
Secure Login & Instant Access
Login into nopCommerce using web3 wallets such as metamask
Own Your Data
No user data is stored, you completely own your data
Avail all the benefits of this software cryptocurrency wallet using the Ethereum blockchain so only you can own your data and store it locally. Allows access to your wallet through a browser extension or mobile app.
NFT Login
NFT based login and content restriction
Allow login from only crypto wallets that have specific NFT OR provide gated content to NFT specific collection.NFT gated content on nopCommerce can be achieved for custom tokens.
Blockchain security
Safe and secure login into the wallet of your choice
Web3 SSO is built on an Ethereum based network that provides you with all the security benefits of a blockchain. A protocol that is virtually impossible to break into, and therefore, keeps your personal details safe and secure.
No downtime
Enjoy benefits of zero downtime due to peer-to-peer system
Built on a Peer-to-peer (P2P) protocol, Web3’s Single Sign-On does not suffer from downtime and malfunctions of a traditional Web2.0 system that relies completely on the service provider’s server health.
No censorship
Free from censorship and central administrative power
The decentralized nature of the protocol prevents any single user from censoring, shadow-banning or locking you out of the service, unlike centralized systems that concentrate the administrative power into the hands of a few select users.
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What are the Benefits of Web3.0?
A fundamental aspect of Web 3.0 is its decentralized nature thanks to blockchain technology. It eliminates the centralization of control and authority, while also increasing the security of data. It is scalable, making it future-proof for large-scale applications, and accessible, allowing people who are not tech-savvy to take advantage of its many features. Web 3.0 takes power from a handful of large, monopolistic tech giants and puts it in the hands of all the people using its technology equally. It fosters freedom of expression, protecting an individual’s right to privacy and ownership of their data.
What are Decentralized Applications (dApps)?
Decentralized Applications (dApps) run on a peer-to-peer (P2P) network based on a blockchain rather than a centralized server. They are a lot less restrictive than traditional, centralized apps that are under the control of a single authority. Ethereum is the most popular decentralized, open-source blockchain that can be used as a platform for dApps. This also means that making transactions on dApps is efficient because there is no one to take a cut. And since they’re using cryptographic blockchains as a platform, they are secure and protect your privacy.
NFT based login and Content Restriction
Ownership of NFTs can be a requirement for users to log in or browse content on your nopCommerce application like pages, posts, images, videos, documents, or other customized content. Conversely, you may also make it such that ownership of certain NFTs blocks or prevents access to certain content. This is supported by various blockchain networks like Ethereum, Ethereum Classic, Polygon (Matic), Optimism, BOBA Network, Gnosis Chain (xDai), Fantom Opera and many more
What are Smart Contracts?
Smart Contracts are small programs stored on a blockchain that automatically execute when a particular condition is met. They are essentially a type of Ethereum account, but one that a user cannot directly control. User accounts can interact with a smart contract by submitting transactions that execute a function defined by it. Our solution enables you to create smart contracts easily and store the record on the blockchain.
Implementing NFT Gating in nopCommerce
nopCommerce as a service allows you to add e-commerce functionality to your website. It is open source, flexible, and incredibly reliable. With it, you can add a shopping cart system to your website and generate sales from it. It is one of the fundamental features necessary for you to have if you’re selling products/services online.
With a tokengating feature added to it, you can introduce a one-click process similar to SSO that takes a user directly to the necessary page or service. All they have to do is be logged into their wallet, and a quick authentication is performed via the NFT API using the same credentials.
Then, with nopCommerce NFT content restriction, content on the website is either restricted or made available to users based on the NFTs they own in their wallet. Customers can avail of special discounts and bundled offers with the NFTs they own.
How will the Wallet Login Flow work?
Generating the Nonces
For each user, a Random string in the nonce field is generated, this can be a random number.
Nonce is fetched by the user
Aftern clicking the login button, an API call to the back end is sent to retrieve the nonce associated with the users public address
User Signs the nonce
User will be shown a pop-up to confirm the nonce and will be able to accept it hence signing the nonce
Signature Verification
With the authentication verified, cryptographically it will be verified that the nonce has been correctly signed by the user and the public address belongs to the same user
Integrate with the following Wallets
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Contact us at - +1 978 658 9387 (US) | +91 97178 45846 (India) nopcommercesupport@xecurify.com
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