Digital identity

Unique representation of a person in the blockchain ecosystem, based on verifiable wallets and credentials.

What is it? - Dummies

It's like your digital card in the crypto world. You don't need to use your real name: your address, wallet and NFTs represent you.

What is it? - PRO

Digital identity in Web3 is a combination of the wallet address, verifiable credentials (VCs), reputable NFTs and other assets that make up your presence in the decentralized world. It can be extended with standards such as ENS (Ethereum Name Service), SBTs (Soulbound Tokens) and DID (Decentralized Identifiers).

Key points

It does not require a real name (pseudonym).

It can include verified credentials (e.g., POAPs, degrees).

Used for governance, access and reputation.

Sales and disadvantages

Advantages

Control over your identity without depending on a government or company.

Portability between Web3 platforms.

Compatible with selective privacy.

Disadvantages

Difficult to recover if you lose access to your wallet.

Not yet standardized across blockchains.

It can lead to bias if used incorrectly for reputation.

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