The crypto markets started a new corrective phase during the second week of May. And although it might sometimes seem like there is no going back to the good old days of a bull market, those of you who have been following crypto long enough will have experienced similar situations before and would know that this is also a phase that would in time pass.
Nevertheless, there is good news coming out of the crypto industry even when the markets are performing poorly.
It’s in the nature of the markets to be cyclical, and even though things currently don’t seem pleasant, winter will once again turn to spring and spring to summer. Moreover, amidst the call for the death of crypto for the umpteenth time, crypto markets have gone back to green over the past few days.
The latest update about the MetaProof Platform (previously POI Platform) and the Living Avatar NFTs is that it’s getting ready for a closed beta testing exclusively for the SelfKey community.
The beta release will mark a significant milestone for SelfKey and digital identity management in the Web3 and the Metaverse era.
SelfKey’s Product Head, Edmund Lowell, was featured in a fireside chat with Chris Tse, Founding Director of CardStack Foundation.
The following topics were covered in the chat.
With the fast advancements being made on the internet’s infrastructure, digital identity will be one of the areas where major changes will take place in the coming future. Web3 and the Metaverse need a decentralized identity management system that ensures identity security for its users.
That's all for this month. Stay safe, and Thanks for reading.
You can read all the previous SelfKey progress reports here.