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SelfKey Progress Report for December 2022

Another eventful year has passed. Crypto, along with SelfKey, had a defining year. Do read all about it in the December 2022 edition of the SelfKey progress report.
05 Jan 2023
Sree
SelfKey Progress Report December 2022

SelfKey Updates

The products from SelfKey and LOCK DAO intended to shape the decentralized identity ecosystem envisioned in the POI Whitepaper further evolved during the course of the year and last month.

During the year, the community witnessed the rebranding of the POI Platform to the Metaproof Platform and the utilization of Soulbound NFTs for Living Avatar NFTs.

The decentralized identity ecosystem that can help Web3 platforms to verify user identities and Web3 users securely use their identities will have a significant impact.

General Crypto Updates

2022 has been a defining year for the crypto industry. And last month was also no exception, as we continue to witness the after-effects of the fall of FTX.

In addition, we also came across reports that the Nigerian government is trying to promote the adoption of the government-launched CBDC by restricting its citizens from ATM cash withdrawals upward of $225.

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Actions like these from governments reaffirm the need for crypto. However, even a decentralization-focused industry like crypto needs proper governance. Therefore, decentralization combined with regulations that offer clarity and user participation can help the community purge the centralized platform that gambles with user funds and eventually fails.

Crypto users looking for a decentralized, open-source wallet to store their cryptocurrencies can always choose the SelfKey identity wallet, which offers its users control over their tokens and a touch more through the SelfKey marketplace.

Users can download the SelfKey identity wallet of their choice from here.

Fresh Content

 

2022 - Centralization vs Decentralization

SelfKey 2022

2022 was a good year for SelfKey, carried by growing discussions and attention toward the importance of identity verification on Web3. In this article, we take a look at some of the major events from last year that have shaped SelfKey and the crypto industry.

Read the article here.

That's all for this month. Stay safe, and Thanks for reading.

You can read all the previous SelfKey progress reports here.

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