Crypto Guide

NFT Steez and Lukso co-founder discover the implications of digital self-sovereignty in Web3

Sovereign identification has been a sizzling subject in blockchain and cryptocurrency, particularly with the rise of the maker economic system. Presently, there are two varieties of digital identification. One is federal and centralized whereby the information is below the management of the service supplier. Self-sovereign digital identification is usually cited as a human proper that may reclaim company utilizing blockchain expertise, however what frameworks exist to assist govern this?

On August 2, NFT Steez, a bi-weekly Twitter Areas hosted By Alyssa Exposito and Ray Salmond, Luxo co-founder Marjorie Hernandez met and dematerialized to discuss Blockchain-based identity and the status of a “universal profile”. According to Hernandez, in the future, “everything will have a digital identity.”

Sovereign “universal profile” to enter the digital realm must be frictionless

During the interview, Hernandez explained the paradigm shift between centralized platforms to a more “platform-less future” and stressed that users need to build their identities and on more “agnostic platforms” where they share their intellectual property. Can be property owner. “Universal Profile.”

Luxo’s integration of Universal Profiles enables users and creators to retrieve their identities and issue their IP in a symbiotic manner between creator and user. According to Hernandez, the Universal Profile can be viewed as an individual operating system (OS) whereby one can authenticate himself, but also send, receive and create assets.

As Hernandez says, Universal Profile is a “Swiss Army type tool that serves a lot of purposes for the user.”

Rswell: data is key to sovereignty in the web3 metaverse

Blockchain-based Identity in Web3

Obviously, when 2D Profile Picture (PFP) NFTs began to emerge, the identification thrust within Web3 began to pick up again. This boom was devised as a means of representing and identifying oneself, as well as a flex, or expression of the ego. For some, their physical and social identities were traded in for their new digital avatars.

However, Hernández argues that while some people see digital as disguising their true selves, they believe that in a “decentralized digital environment”, people “have to move beyond these prejudices” and Expressing the “true real self” will be encouraged.

The premise of Hernandez’s thesis is that blockchain-based identity is not only verifiable, but also gives users 100% control over their data, identity and IP.

Asked by a listener what communities should do to ensure standards around self-sovereignty and that users are no longer “consumers” but active co-participants in the ecosystem, Hernandez simply said , “I guess it’s just co-creator, right? And you start building with that.”

tune in and hear Tune in to NFT Steez right here for the total episode and remember to mark your calendar for the following episode on September sixteenth at 12PM EST.

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