Hey all! Given the uptick in every part occurring within the on-chain identification ecosystem, I believed I’d write a chunk round a few of the fascinating developments occurring within the house and a bit excerpt about them. Let’s get into it!
The people over at DegenRating launched a soulbound NFT token that means that you can encode how a lot of a Degen you’re on-chain. The concept is that you could then use this soulbound with numerous purposes to obtain numerous advantages or entry to particular merchandise/offers. It’s going to grow to be extra frequent to see using Soulbound NFTs tied to addresses to grant particular advantages. Go test it out in case you haven’t already!
A brand new identification startup on the town has raised to helps DAOs problem badges that recognise a contributor’s fame. Similar to DegenRating, they use Soulbound NFTs to allow this course of. The spherical was closed with numerous DAO founders as angels with some extra conventional Web2 VCs. Interestingly sufficient I do really feel like this has an overlap with the DAO tooling class however a distinct lens.
Optimism has collaborate with Galxe to problem NFTs which can be earned as customers take part in numerous apps of their ecosystem. This quests-style strategy to progress is one pioneered by RabbitHole and Layer3 as properly. While they do captivate massive numbers of customers the query is at all times what proportion of newly acquired customers retain and what number of are airdrop looking. Regardless, I anticipate these kinds of campaigns to speed up sooner or later as addresses accumulate extra beneficial identification factors.
Quite the complicated mixture of letters! Zero-Knowledge Souldbound Tokens by Sismo are beginning to roll out. The concept right here is that you could have use the historical past/identification of certainly one of your addresses to problem zero-knowledge proof based mostly NFTs that show certainly one of your addresses include the trait you declare to have. This badge is round your exercise on Github which protects the hyperlink between your Ethereum tackle and your Github username.
This isn’t precisely “news” however actually one thing neat that I came upon about ENS and the way it can combine with DNS. The concept right here is that you could register a DNS area, set a document that specifies a Web3 tackle to handle the ENS document and now you have got an ENS that makes use of a daily area identify. There’s in all probability some cool issues you are able to do with this however we’ll depart that for one more time.
Anyways, that’s a wrap for this version! Let me know what you considered one of these content material!