1/ Pumped to have released @creds_xyz this week...
We're creating a new way to establish a trusted, verifiable, interchain reputation, that enhances the community experience, across the @cosmos ecosystem...
So what's #Creds all about?
creds.xyz
👇
2/ At @cheqd_io we're building the infrastructure for Decentralized Identity, centred on establishing trusted, verifiable relationships between 3 parties
1. the Issuer (of a Cred)
2. the Holder (of a Cred)
3. the Verifier (of a Cred)
3/ Creds both allows users to interact with the @cheqd_io network AND crucially offers us the opportunity to experiment / "dog-food" cutting edge features, like our our first-of-a-kind payment rails, quickly so we can iterate and improve at pace...
4/ But what's a "Cred"?
Creds are verifiable credentials, a portable, reusable, private, and secure way to build reputation and prove that you’re real
Differently from NFTs and SBTs, Creds are private, revocable, and can be taken to different platforms and ecosystems
5/ We've been building on @cosmos almost 2 years, and been on a mission, to discover, engage, nurture and protect our community...
.... we saw a gap in the way community members can build a reputation, and communities can reward and incentivise their best community members
6/ @creds_xyz fills this gap by enabling you to build your reputation and take it everywhere.
Creds is your reputation - portable, private (as much as you want it to be), and secure.
7/ After 25+ interviews (so far) with individuals from product, marketing, partnerships and community backgrounds, plus influencers & community members from across the @cosmos ecosystem, we landed on 7 Cred types we feel are most needed, and add the most reputational value
8/ We believe these 7 types of Creds demonstrate what a community member wants to be known for, and importantly verified for...
Plus, what community managers and moderators would love to be able to issue to recognise their most valued members...
9/ Type 1️⃣: Social Profiles
With the world of scams, fraud and Sybil Attacks (ofc more prevalent a bull 🐂) authenticating your accounts, and being able to prove which profiles you actually oversee is vital...
Social Profiles Creds do just this..
10/ Type 2️⃣: Roles
Knowing who you can trust and who you should speak to, about what, streamlines the community experience for all...
Whether you're a team member, moderator, ambassador, validator + many more, Role Creds give you a chance to prove this, and share it with pride
11/ Type 3️⃣ : Events
What better way to know someone care's than being able to verify that they've shown up to community events...
Perhaps its a @Twitter space to wrap-up the month? Or maybe you run an Alpha session for loyal members...
Whatever the event, verify it with Creds
12/ Type 4️⃣: Achievements
Contributing in Web3 can be in many forms; staking, HODLing, being an early member and more...
Often achievements are hard to uncover, and even harder to verify... let's make this easier
13/ Type 5️⃣: Tickets
IRL or virtual, why not issue tickets to community members as a Cred?
Find out who's coming, share where you're headed and combine your ticket creds with others as you build your reputation.... (@ankurb & @Tweetddale reppin @cheqd_io at @idworkshop)
14/ Type 6️⃣: Learn
Quests, and learning journeys have taken off across Web3 as a means to validate committment to gaining deeper understanding but often achievements get locked within the learning platform
Creds offers a way to build an interoperable learning reputation
15/ Type 7️⃣: Endorsements
Maybe you run a #DAO, and want to recognise someones contributions to docs or a repo?
Or your oversee a project and want to acknowledge a partner for their collaboration efforts; a testimonial or recommendation...
16/ Crucially, your reputation is not one Cred, but the nuanced combination of many, dependent on who's asking 🤫...
With Creds, you can share just one, or multiple Creds, in a bundled cred, sharable simply though a link that the receiver / verifier can head to at any time...
17/ I'm really proud of the team for their work on this, with shoutouts specifically to builders @_jsdp, @benyam_7 and @EEAnder1, plus @EHotta, @matt_arn and
@tmfh83 for their community & partnership insights, and ofc @fraser_again and @ankurb for leading the charge...
18/ To be kept informed on our latest updates and be the first to get a Cred, sign-up to join the Beta below
creds.xyz
19/ If you oversee community engagement / growth, you're a DAO member or admin, or just feel you'd love to start issuing Creds, get in touch via ross@cheqd.io or DM @rosspower / TG ross_power
I'd love to chat to you...
20/ You can read the unrolled version of this thread here: typefully.com/rosspower/wlWa…
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