It looks like the concept of an open identity layer for web3 is gaining serious traction, especially with big names like Circle, Ripple, Gnosis, and the Tezos Foundation throwing their support behind it.
They've managed to raise a solid amount: around $6.5 million in total, which includes $4.5 million from their private funding rounds and another $2 million from a public sale. This capital is all aimed at building the infrastructure that will allow stablecoins, wallets, and decentralized apps (dapps) to easily integrate compliant, self-sovereign identity tools.
I'm totally with you on the content creation front; this entire identity meta is heating up. I'm especially eager to see which platforms integrate @idOS_network first.
And honestly, the thought of how much smoother the KYC process could become is the biggest win here. I'm looking forward to the day when this goes live and we can finally ditch the endless, repetitive verification steps across all the tools we use daily.
Digging through the documentation now, and the potential for a seamless, private user experience is huge!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
GM CT
It looks like the concept of an open identity layer for web3 is gaining serious traction, especially with big names like Circle, Ripple, Gnosis, and the Tezos Foundation throwing their support behind it.
They've managed to raise a solid amount: around $6.5 million in total, which includes $4.5 million from their private funding rounds and another $2 million from a public sale. This capital is all aimed at building the infrastructure that will allow stablecoins, wallets, and decentralized apps (dapps) to easily integrate compliant, self-sovereign identity tools.
I'm totally with you on the content creation front; this entire identity meta is heating up. I'm especially eager to see which platforms integrate @idOS_network first.
And honestly, the thought of how much smoother the KYC process could become is the biggest win here. I'm looking forward to the day when this goes live and we can finally ditch the endless, repetitive verification steps across all the tools we use daily.
Digging through the documentation now, and the potential for a seamless, private user experience is huge!