Masa — Presents The Premiere Web3 Identity And Credit Protocol

LumBit
4 min readDec 26, 2022

Abstract

NFT is very useful for being a digital token for identity on the internet. NFT is a digital asset that cannot be manipulated, cannot be duplicated, and can be distributed anywhere globally. Because of the advantages it offers, NFT is very suitable to be a technology that supports identity protocols on the internet. This protocol will allow users to create their online identity and log in to multiple platforms more easily, securely, and quickly. Users will also be able to verify their credit so that when a platform requires data for a person’s credit condition it will be easily traceable via this identity protocol.

Introducing Masa

Seeing that the development of Web3 is predicted to increase in the future, and it seems that more and more people will use blockchain technology, Masa was launched to become a web3 identity and credit protocol. In accordance with the jargon, Masa is a platform that has a focus on providing identity services with the support of blockchain technology which will allow users to be able to mint their .soul name and create their web3 identity easily which will make it easier for them to log in on many Web3 platforms in the future. When users already have their own web3 identity they can easily log in to the many Web3 platforms that Masa has worked with, logically it’s like a user logging in with their Google account, but this is even more sophisticated because it uses blockchain technology which is more secure and will not allow data leakage because all identities will be secured using NFT.

Features

Masa has a goal to become a web3 identity and protocol credit which will make it easier to access web3 lending, souldrops, one-click NFT allowlist registration, and many other things. And to achieve this goal and be the best compared to other competitors, Masa must, of course, have various features that can make it a web3 identity and protocol credit that its users can rely on. Masa’s features consist of an identity period, credit score period, and factory period.

With the digital identity feature offered by Masa, it will make it easier for users to be able to log in to many platforms just like their Google account because as we know that platforms that support Google login on their platform will make it easier for Google account users to be able to log in on their platform because they don’t need to register, with just a few clicks users can use the platform, and that’s what Masa does because with what Masa offers it will make it easier for users to be able to create their digital identity and they will be able to log in to many platforms. who have worked with Masa and all of these identities will be secured with Masa Identity SBT, in the form of a non-transferable NFT, so that all user identities will be truly unique and secure.

And it will also be easier for developers to track various data owned by Masa users because developers can access data such as credit reports and various other things owned by users so that developers will be able to build a healthier financial ecosystem with more capable users.

Tokenomics

SBT is an NFT token from Masa where it will be linked to the user’s Soulbound Identity and it will not allow it to be transferred anywhere. Launched using blockchain technology, this is an NFT token that plays a very important role in securing user identities and each user will get this token, so you can say this is a unique NFT token and can represent a user’s identity. And since it’s NFT-based, a user can mint and burn their SBTs.

Conclusion

To sum up, blockchain-based digital identities are very useful in being able to create secure digital identities for people online and make it easier for them to log in to multiple platforms. And Masa is a web3 identity and credit protocol that will make it easier for users to be able to create their online identity and make it easier for developers to be able to build secure decentralized financial products. Users can easily mint .soul name and create their web3 identity and log in to multiple platforms without the hassle of registering. And all of this will be supported by secure and hack-free blockchain technology. With various features coupled with the convenience it offers, Future will certainly be able to become a secure and reliable web3 identity for all users globally.

Connect

WEB: https://www.masa.finance/
TELEGRAM: https://t.me/masafinance
TWITTER: https://twitter.com/getmasafi

Writer

BTT Username: lumbanrang
BEP-20 Wallet: 0x075b5E51a26Fff19EB0F0Ac3fd1d4eEc59a40997

#Cryptocurrency #Blockchain #BSCGem

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LumBit

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