❗️Hypothesis:
#NFTs are good for #VerifiableCredentials (VCs) and #DecentralizedIdentifiers (DIDs)
🚨 Spoiler:
Join for the NFTs, stay for the VCs and DIDs
❓Why ...🧵
#NFTs are good for #VerifiableCredentials (VCs) and #DecentralizedIdentifiers (DIDs)
🚨 Spoiler:
Join for the NFTs, stay for the VCs and DIDs
❓Why ...🧵
1/
Non-Fungible Tokens (NFT), Verifiable Credentials (VC) and Decentralized Identifiers (DIDs) are emerging technical standards on which Identity and Reputation are being built on the Web.
… but standards are meaningless without adoption.
Non-Fungible Tokens (NFT), Verifiable Credentials (VC) and Decentralized Identifiers (DIDs) are emerging technical standards on which Identity and Reputation are being built on the Web.
… but standards are meaningless without adoption.
2/
NFTs have gotten into the hands, pockets, wallets of way more people, way faster than any other credentialing technology… even #OpenBadges.
43 millions Open Badges issued in 2020
28.6 million wallets traded NFTs in 2021 alone.
NFTs have gotten into the hands, pockets, wallets of way more people, way faster than any other credentialing technology… even #OpenBadges.
43 millions Open Badges issued in 2020
28.6 million wallets traded NFTs in 2021 alone.
3/
NFTs are primitives that add self-expression, social meaning and value to digital identities.
The cultural drive is winning more people over than technical purity.
In short, people want credentials with a soul.
NFTs are primitives that add self-expression, social meaning and value to digital identities.
The cultural drive is winning more people over than technical purity.
In short, people want credentials with a soul.
4/
NFTs are exemplary expressions of new Web3 paradigms… and complexities.
Whether we like it or not, NFTs are getting millions of people exposed to new tooling and behaviours of web3.
NFTs are exemplary expressions of new Web3 paradigms… and complexities.
Whether we like it or not, NFTs are getting millions of people exposed to new tooling and behaviours of web3.
5/
IF
we believe in principles of self-sovereignty, self-determination, equity
AND
we want to shift the existing centralized power structures
THEN
we should care about NFTs and Web3 education - or #Ed3 as we know it.
IF
we believe in principles of self-sovereignty, self-determination, equity
AND
we want to shift the existing centralized power structures
THEN
we should care about NFTs and Web3 education - or #Ed3 as we know it.
6/
As more users engage and become fluent in wallets, private keys and tokens, they will eventually learn about DIDs and VCs, an inevitable upskilling pathway.
This personal adoption will lead to broader adoption of emerging (Web3) tech and onboarding of billions.
As more users engage and become fluent in wallets, private keys and tokens, they will eventually learn about DIDs and VCs, an inevitable upskilling pathway.
This personal adoption will lead to broader adoption of emerging (Web3) tech and onboarding of billions.
7/
We easily point the finger at the younger, good-vibing cryptopunks (i.e. new age cypherpunks without the web2 baggage) who get into shiny new things without deep knowledge of what they are doing…
We owe our future generation more respect and trust.
We easily point the finger at the younger, good-vibing cryptopunks (i.e. new age cypherpunks without the web2 baggage) who get into shiny new things without deep knowledge of what they are doing…
We owe our future generation more respect and trust.
8/
NFTs could be the perfect vehicle to onboard them on a progressive journey to understand what-to-use-when, what data should go on-chain or off-chain.
In other words, learning which use cases are best fit for NFT, VCs, or DIDs, ask joyful @provenauthority
NFTs could be the perfect vehicle to onboard them on a progressive journey to understand what-to-use-when, what data should go on-chain or off-chain.
In other words, learning which use cases are best fit for NFT, VCs, or DIDs, ask joyful @provenauthority
9/
Different users have different needs.
Key management is more important to DeFi folks who hold a lot of their worth in wallets than to most users who favor UX and tinkering and are only risking a few hundred euros in NFTs (loosing keys it is not dramatic)
Different users have different needs.
Key management is more important to DeFi folks who hold a lot of their worth in wallets than to most users who favor UX and tinkering and are only risking a few hundred euros in NFTs (loosing keys it is not dramatic)
10/
NFTs like POAPs are validating use cases of #OpenBadges (proof of participation, open recognition) and scaling adoption faster than ever.
NFTs like POAPs are validating use cases of #OpenBadges (proof of participation, open recognition) and scaling adoption faster than ever.
11/
Borrowing a metaphor used by @owocki, NFTs can be thought of as “primitive” Trojan horses for Web3 values that align with DIDs and VCs - only in a more user-friendly way.
Borrowing a metaphor used by @owocki, NFTs can be thought of as “primitive” Trojan horses for Web3 values that align with DIDs and VCs - only in a more user-friendly way.
12/
The technical community might have to go #Offscript relying on designers and creatives to help bridge the adoption gap - moving from janky interfaces to elegant experiences.
We all need to be a bit more UX Maxis!
“to the user, the interface is the system” (J. Raskin)
The technical community might have to go #Offscript relying on designers and creatives to help bridge the adoption gap - moving from janky interfaces to elegant experiences.
We all need to be a bit more UX Maxis!
“to the user, the interface is the system” (J. Raskin)
13/
If adoption is the ultimate metric of success for a technical spec, NFTs are something that the OGs of credentials and identity standards should celebrate rather than deny.
If adoption is the ultimate metric of success for a technical spec, NFTs are something that the OGs of credentials and identity standards should celebrate rather than deny.
14/
NFTs, much like memes, are durable compression algorithms for culture itself - @taykendesign .
Discounting the cultural potential of NFTs is misjudging the technology and throwing away the baby with the bath water.
NFTs, much like memes, are durable compression algorithms for culture itself - @taykendesign .
Discounting the cultural potential of NFTs is misjudging the technology and throwing away the baby with the bath water.
NFTs are #Regen.
They generate positive externalities for VCs and DIDs… and everyone on the Web(3).
💫 “Joined for the NFT, stayed for VCs and DIDs”
mirror.xyz/psykoreactor.e…
#NFT #VC #DID #W3C
cc @heathervescent @taykendesign @w3c_ccg
They generate positive externalities for VCs and DIDs… and everyone on the Web(3).
💫 “Joined for the NFT, stayed for VCs and DIDs”
mirror.xyz/psykoreactor.e…
#NFT #VC #DID #W3C
cc @heathervescent @taykendesign @w3c_ccg
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