The Polygon ID team is excited to announce 4 tools have been released in the #PolygonID Identity Infrastructure to build a more equitable internet that places identity at the center of it.
In 1993, the New Yorker cartoon "On the Internet, nobody knows you’re a dog" highlighted a major issue with online identity.
Today, Polygon ID is one step closer to helping devs solve this problem with a self-sovereign, decentralized, and private identity infrastructure stack 👏🏽
Polygon ID leverages the Iden3 protocol and Circom ZK toolkit.
This Identity Infrastructure allows anyone to become an issuer, verifier, or holder of a Web3 identity. Off-chain data can now be used for trustless, on-chain verifications in a Verified Credential format.
Businesses can say goodbye to user data management headaches, and individuals can have discretion in using their personal data when builders build with Polygon ID.
👀 Polygon ID is already being used by many builders who are launching live applications.
Polygon ID unlocks a host of use cases, like:
→Issuance of elaborate proofs
→Real-world credentials meeting Web3
→Enabling passwordless login
→Enabling users to have a composable reputation
→Aids in compliance to help verify user identity without sacrificing user privacy
The public release of Polygon ID adds 4 new tools to the SSI infrastructure (Verifier SDK, Issuer Node, Wallet SDK & Wallet App) which helps devs integrate decentralized identity into their applications, & unlocks new pathways to meet compliance requirements in a Web3-native way.
Polygon ID can be used in a range of use cases, including usage in KYC programs, e-commerce onboarding, passwordless login, used by banks as a tool to issue undercollateralized loans, and DAOs.
Today, collaborators are building using Polygon ID’s Identity Infrastructure, all of whom are pushing the boundaries of digital identity in Web3 by providing users security without compromising their privacy.
A full list of collaborators can be found in our blog.
Be sure to follow @0xPolygonDevs for more exciting news about Polygon ID.
The FUTURE of digital identity management is here 💫🪪
Introducing #PolygonID, a decentralized and privacy-preserving solution for SSI in #Web3. Polygon ID implements the Iden3 protocol and is built to overcome challenges in SSI adoption.
The internet was built without an identity layer, leading to reliance on centralized platforms that exploit personal data. The Self-Sovereign Identity (#SSI) movement aims to change that by giving users control over their personal data.
The SSI ecosystem is composed of Issuers, Identity Holders, and Verifiers. Decentralized Identifiers (#DIDs) and Verifiable Credentials have become the industry standard for SSI, with over 100 DID methods registered.
By integrating with Polygon, Ripio's users will have access to a wider range of #Web3 protocols and enjoy faster and cheaper transactions with:
👉🏾 Ripio Trade
👉🏾 Ripio Portal
👉🏾 AND Ripio Wallet
These deployments will allow the Ripio community to connect to:
With this launch, Dopex will bring Atlantic Straddles and SSOVs (Single Staking Option Vaults) to the @0xPolygonDeFi ecosystem 💥
The initial phase of the launch includes the introduction of Dopex's Atlantic Straddles, a unique strategy that allows investors to capitalize on market volatility.
AND option buyers now have the ability to borrow funds deposited to protect against liquidation 💪🏼
What happens when scalability meets cutting edge DeFi capital efficiency.
A few highlights of @Uniswap journey on Polygon in 2022.
The low gas fees environment on Polygon brought two new dynamics to Uniswap v3 protocol.
- more traders could participate
- LPs could potentially more engage in active rebalancing
The protocol started the year at $1.96 billion spot trading volume in January 2022. The annual volume was a whopping $28 billion in the year 2022.
The month of November got the highest volume of $3.9 billion.
Polygon is now the leading on-ramp to #Web3, used by some of the world’s biggest companies.
We’re beyond thrilled to provide the infrastructure for the platform, offering music lovers:
⛽ Lower gas fees
🚀 Faster transactions
in an open, permissionless & sustainable environment.
LGND Music, enables you to play music digital collectibles, or “Virtual Vinyl”, on-the-go.
Also, select @warnermusic artists will launch their digital collectibles & connect fans with special content and experiences ✨