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Living Avatar NFT: Preparation For a Metaverse Future! 🔮

SelfKey Weekly Newsletter Date - 26 November, 2021 Living Avatar NFTs and how it could be potentially influential in a Metaverse future.
01 Dec 2021
Sree
Metaverse NFT SelfKey Newsletter

Dear SelfKey Astronauts,

The POI Platform whitepaper, released on November 8th, 2021, has received a warm response from the SelfKey community.

The Whitepaper has so far received thousands of views, and several questions and suggestions have poured in.

The Telegram AMA, conducted on the SelfKey Telegram group, produced some great questions. The summary of the AMA is available here - part 1 & part 2.

(!IMPORTANT REMINDER: DON’T GET PHISHED - be careful on telegram no support issues for the wallet should be addressed there, instead use [email protected] or [email protected] to raise support tickets and remember to NEVER give your private key to anyone.)

One of the more frequent questions that were encountered was related to the Metaverse.

SelfKey, as most of you know, is a decentralized identity project. The vision of SelfKey inscribed in the original SelfKey Whitepaper was to help build an identity verification ecosystem where its users have complete control over their personal data.

Throughout the journey, the SelfKey community has always been of prime importance. The most vital contributions in terms of ideas, innovation, growth, and evolution of SelfKey are the community feedback and suggestions for improvements. (as a reminder, the SelfKey community can use the SelfKey ideas portal to add their ideas, feedback, and suggestions for the SelfKey project - idea.selfkey.org)

The most recent release of the SelfKey POI paper has also been no exception, and most of the questions from the SelfKey community have been related to how SelfKey would fit into the Metaverse.

The Metaverse has earned immense mainstream popularity after Facebook decided to rename itself to Meta (short for Metaverse). However, the crypto world has been in preparation for a future dependent on Metaverse long before that. Hence, it could be safe to say that crypto is setting the pace for innovations towards Metaverse.

SelfKey is no exception in this regard, and one of the crucial proposals on the SelfKey POI paper has the potential to be a game-changer in the Metaverse - “Living Avatar NFTs.”

NFTs have arguably proven their value in the digital world, and NFT avatars are one thing that is gaining prominence. Twitter had recently released a first-look of their highly anticipated Verified NFT Profile Pictures, which allows users to use an NFT as the profile image for their Twitter handle.

The update, once implemented, would allow Twitter users to directly connect their wallet with Twitter and use an NFT in the wallet as their profile picture.

The Living Avatar NFTs fit perfectly into this visionary update by Twitter. The Living Avatar NFT is an idea that combines identity verification with NFTs.

The participants of the POI Platform could receive custom-minted NFTs that can be used to make their avatars unique and verifiable on Twitter.
However, the Living Avatar NFTs are more than just unique avatars.

Users can also include more personalized information on these NFTs to make them more unique and exclusive. Hence a participant with a unique Living Avatar NFT on the POI Platform can use it to prove attributes about themselves.

Participants can reveal general identity attributes like nationality or which passport they hold. To make it more interesting and unique, participants could also reveal details like how much BTC/ETH/KEY they hodl.

Furthermore, users will have complete control over what data they want the NFT to reveal, ensuring maximum privacy and control over their personal data.

Once implemented, Living Avatar NFTs have the potential to change the way identity is handled on social media and in the Metaverse, as it could evolve into becoming the identity layer that will be needed to make interactions of users on the Metaverse credible.

Furthermore, digital identity verification would gain more significance with the imminent arrival of Metaverse, and in such a future, people would probably require to find platforms that let them build reputations around identity but at the same time preserve their privacy, more than ever in the past.

Hence, a decentralized identity management project like SelfKey, which proposes to do just that, could play a far-reaching role in this probable Metaversified future!

The SelfKey Identity Wallet is a free identity solution for Windows, Linux and Mac. Get yours today!
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News from Around the Web

Nearly One-Third of Hedge Fund Managers Plan to Invest in Crypto: Ernst & Young

SelfKey newsletter Metaverse

According to an EY study, 31% of hedge fund managers and 24% of alternative investors plan to add crypto to their portfolios. If that isn't bullish, we don’t know what is.

READ MORE →

New Partnerships

SelfKey Wallet Now Featured on Yada Wallets

SelfKey Yada Wallets

We’re happy to announce that SelfKey Wallet is now featured on Yada Wallets.

 

READ THE ANNOUNCEMENT →

New on the Blog

The Infrastructure Bill and What it Holds for Crypto

Crypto infrastructure bill

In this article, we’ll try to summarize the key points surrounding the infrastructure bill and the effect it has on crypto. We will keep this article updated as and when new information regarding the infrastructure bill becomes available.

READ THE POST →

We're Hiring a Community Manager

JOB DETAILS

Quote of the Week - "It is in your moments of decision that your destiny is shaped."

Tony Robbins

Community efforts and support is absolutely critical to the success of SelfKey. If you have any ideas, please head to idea.selfkey.org and vote on community ideas, or post your own.

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