• About Us
Tuesday, May 30, 2023
Top Wealthy Ways
  • Home
  • Crypto
  • Bitcoin
  • Press Release
  • About Us
No Result
View All Result
Top Wealthy Ways
No Result
View All Result
Home Press Release

NFT3: Pioneering A Privacy-Focused Identity Monetization System for Web 3.0

Robbie Medhurst by Robbie Medhurst
December 9, 2022
in Press Release
396 4
0
NFT3: Pioneering A Privacy-Focused Identity Monetization System for Web 3.0
550
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

A MetaID—Your Portal To The Metaverse

The number of decentralized platforms on Web 3.0 is growing exponentially, but all suffer from the same problem – they lack a unified identity verification system that’s both safe and easy to use. 

This is also true for the future of Identity across not one but many Metaverses. How do you transfer your identity wherever you go on Web3.0, while maintaining privacy? If many metaverses are coming forth, Web3.0 will also need a MetaID.

NFT3 solves this by offering a decentralized identification network for Web 3.0 which operates more like a passport for the new internet than an account name. An identity instead of an identifier. 

Not only does this ensure your information remains private while still being verifiable across multiple platforms, but it also gives you control over your identity and introduces seamless navigation through Web3.0 platforms. Whichever Metaverse you travel to, you get to unify your identity (or not, as you choose) and monetise it—at will. 

What is NFT3?

NFT3 is the first platform to introduce a decentralized identification system for Web 3.0 that can travel across multiple platforms while always maintaining its integrity. By creating an NFT linked to the user’s social identity, the power goes back to the user as he or she can truly control their personally identifying data online.

This creates a MetaID—an identity controlled entirely by the individual that they can selectively share info about with each platform as they choose, and that can allow seamless travel throughout the many Metaverses, dApps, IDO Platforms and DEXes that make up Web3.0.

NFT3 achieves this through the use of an NFT-based Decentralised Identification (DID) technology and is set to also create a sophisticated credit scoring system based on a user’s social account information. This Credit Scoring system, called NCredit, will be the first Credit Score created for Web 3.0, and a pinnacle point in DeFi’s development. 

A user’s reputation score on the NFT3 DID platform is also determined by information gathered across multiple chain addresses in a Web 3.0 internet where decentralized applications make up the bulk of active platforms for users. Therefore, such a system allows a user to enjoy the benefits of a higher credit score on multiple venues, not to mention the ability to move around with their digital identity intact.

NFT3’s Use cases 

First and foremost, NFT3 DID technology enables users to decouple their identity from the control of centralized entities as is the case with most Web 2.0 platforms. 

For instance, the entire business model for companies such as Facebook, Google, and Amazon is built on gathered user information. These top tech giants can aggregate the total lifetime value of an individual with an internet connection by simply collecting data on time and money spent online purchasing and using various services.

This data is key in determining the valuation of these internet giants. As expected, in a race towards gathering the most user information, there has been a steady increase in data security breaches and data privacy violations. NFT3 does away with this by breaking the current model and enabling users to explore the Web 3.0 platform without risking the loss of their identities.

In addition to offering a credit score system, NFT3 solves the hard problem of verification while maintaining privacy, and erases the bot problem entirely. They do this by introducing Staked Identity, requiring $ISME to be staked to activate one’s NFT3. By adding a slashing function to NFT3, they ensure that bots cannot replicate humans on Web 3.0 anymore.

This way, NFT3 users’ credibility can transfer across Web 3.0 platforms while giving the user power to maintain the privacy of their data and identities.

The Tipping Point of Web 3.0

As Web 3.0 becomes more widespread, the need for safe and easy-to-use decentralized identification systems across multiple platforms becomes inevitable. Users on this new frontier of the internet will need easy access to DeFi protocols, decentralized exchanges, and general dApps without the hassle of managing several identities scattered across the internet.

NFT3 is pioneering the world’s first decentralized identification system for Web 3.0 thus enabling the DeFi movement as a whole to reach its full potential. Using its advanced DID technology, NFT3 will be the go-to platform for users looking to take control of their data, earn rewards on multiple platforms, and securely manage and monetize their identities across different metaverses, creating a MetaID, their NFT3.

Intro article:: https://link.medium.com/vAVkV0eM9jb

Website: https://nft3.com/

White paper: https://docsend.com/view/ak4q4petg52rhfad

Telegram: https://t.me/nft3com

Robbie Medhurst

Robbie Medhurst

I have over 10 years of experience as a crypto author and I have been working in the industry for over 20 years. I have written for numerous publications and am a thought leader in the space. I am passionate about helping people understand cryptocurrency and blockchain technology, and believe that it has the potential to revolutionize the world. I am constantly seeking out new opportunities to learn and grow, and am always happy to help others do the same.

Related Posts

LAUNCHING TODAY DOUBLEDICE LEADS GAMING INDUSTRY DEMOCRATIZATION

LAUNCHING TODAY DOUBLEDICE LEADS GAMING INDUSTRY DEMOCRATIZATION

December 9, 2022
AEXLAB and METADROP Announce 1000 Guests Miami Party for Live Auction NFT Drop

AEXLAB and METADROP Announce 1000 Guests Miami Party for Live Auction NFT Drop

December 9, 2022
Rocket Network announces the launch of its RNK token

Rocket Network announces the launch of its RNK token

December 9, 2022
Bitshiba Token Is Back With Its Next Pump With Even More Benefits For Its Community

Bitshiba Token Is Back With Its Next Pump With Even More Benefits For Its Community

December 9, 2022

VR studio AEXLAB is Developing The First 3D VR NFT VAILIENS — The Sale Will Start With Dark Web Blind Auctions

December 9, 2022
Decentralized ecosystem Apidai announces ICO launch

Decentralized ecosystem Apidai announces ICO launch

December 9, 2022

Trending

DeFi Security in Decentralized Lending and Borrowing Platforms
DeFi

DeFi Security in Decentralized Lending and Borrowing Platforms

1 week ago
How to Save Hawaiian Geese and Get Wealth with Grand Goose Mansion?
TRADING GUIDES

How to Save Hawaiian Geese and Get Wealth with Grand Goose Mansion?

1 year ago
Five Unique and Great Ways to Use Your Bitcoin Cash-Out
Bitcoin

Five Unique and Great Ways to Use Your Bitcoin Cash-Out

1 year ago
LAUNCHING TODAY DOUBLEDICE LEADS GAMING INDUSTRY DEMOCRATIZATION
Press Release

LAUNCHING TODAY DOUBLEDICE LEADS GAMING INDUSTRY DEMOCRATIZATION

1 year ago
AEXLAB and METADROP Announce 1000 Guests Miami Party for Live Auction NFT Drop
Press Release

AEXLAB and METADROP Announce 1000 Guests Miami Party for Live Auction NFT Drop

2 years ago

About Us

Top Wealthy Ways is a site which gives news on digital money and Blockchain to their readers.We give the most recent Crypto-news, ICO updates, and occasions that occur in the crypto world consistently so you can keep awake to date with this arising field

CONTACT US: [email protected]

Category

  • Bitcoin
  • Blockchain
  • Crypto
  • Crypto News
  • Cryptonews
  • DeFi
  • Guest Post
  • News
  • Press Release
  • Token
  • Trading
  • TRADING GUIDES

Calender

May 2023
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Feb    
  • About Us

Associated with Blockchain Press Media Network

No Result
View All Result
  • Home
  • Blockchain
  • Crypto
  • News
  • Press Release
  • Price Analysis

Associated with Blockchain Press Media Network

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)
    $0.00-3.13% 24H
    BITCOIN
    24H : -3.13%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-3.53% 24H
    ETHEREUM
    24H : -3.53%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBinance Coin(BNB)
    $0.00-1.26% 24H
    BINANCE COIN
    24H : -1.26%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.11% 24H
    TETHER
    24H : -0.11%
    Volume : $0.00
    Marketcap : $0.00
  • solanaSolana(SOL)
    $0.00-2.88% 24H
    SOLANA
    24H : -2.88%
    Volume : $0.00
    Marketcap : $0.00