Candao allows identity management via NFTs

0

NFTs are currently part of the wave driving the crypto ecosystem forward. The uniqueness of digital collectibles is what has given rise to the mind-blowing prices they are sold in various markets. We’ve also seen collectors take advantage of this to create domains that end with the .eth extension using their real names or nicknames as a way to represent their digital identity. In fact, the world is moving towards the trend where identities can be managed digitally through the emerging Web 3.0 technology.

Candao creates DApp to help users manage their identity

Non-fungible tokens (NFTs) have been touted as a perfect representation of this innovation, allowing people to deploy versions of themselves in the Metaverse. Canada, a decentralized social media ecosystem latched onto the Web 3.0 trend to create a DApp that supports NFT-based identity management.

NFTs are unique and indivisible (hence the term “non-fungible”), so do we humans. Supporters of Web 3.0 technology have sought to establish this uniqueness by advocating for a way where digital portfolios can be linked to the social media profiles of their users such that every activity is handled from a platform or a decentralized and registered or validated application via blockchain technology.

That’s what Candao’s CandID DApp was deployed to achieve – create a dedicated NFT-based digital ID connected to an omni-scan history of wallet transactions. The CandID DApp makes it possible to create a unique and verifiable subscriber system. Candao aims to be a one-stop-shop to help users manage their roles, profiles and identities on a daily basis, much like a virtual assistant. Candao helps users create identities that they can share with others within the ecosystem.

Candao has also created other DApps to help users manage other activities. With Matchify DApp, a wide range of recommendations will be made to Cando users based on their activity (both off and on-chain), including investors with similar portfolios, feeds they might be interested in, strategies for investment, advisers and other investment opportunities.

Create an identity village

Using Candypad, users can find an allocation-free, progressive, scalable, and trustless social launch pad where you vote on whether or not your money should go to fundraising based on key performance indicators. (KPI) previously agreed. The Candychain DApp allows users to track most of their activities and interactions with other people, which is recorded on a public chain and can be reviewed by others in the same way that token transactions can be reviewed on Etherscan . Users can also follow profile feeds, entries, follow-ups, upvotes, jobs, projects, overall background and more from the start.

At the heart of the ecosystem is the CDO, Candao’s native token that not only allows users to participate in governance, but ensures that they can reward people and projects, participate in the sharing economy, fuel on-chain data, join multiple roles, fuel liquidity supply and farm operation, to make candypads, buy tokens such as branded tokens, personal tokens, asset tokens and activity tokens.

Like BTCMANAGER? Tip us!

Our Bitcoin address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4


Source link

Share.

Leave A Reply