Use it to get whitelisted for special NFT collections, DAOs, or DeFi onboarding
In web3 we love anonymity and yet
DeFi onboarding still needs to follow KYC/AML regulations
As web3 users, we still want to own and encrypt our identities so that we only share what we want with who we want.
const result = await provider.resolveName(`${address}.realid.eth`); if(parseInt(address, 16) === parseInt(result, 16)) { // address has Real ID}
2. Guard against Sybil attacks and follow KYC/AML regulations.
3. Reduce sign-up friction and lower costs for exchange.
4. If desired, create membership requirements based off of the attached identity (for instance, if you wanted to create an NFT collection that could only be minted by residents of New York City) without requiring users to give up their whole identity.
Our document authentication partner uses best in class ML to validate identity.
We have our own smart contracts that only allow a single real world ID to be connected to one verified wallet address.
Merkle trees allow the user to verify one part of their data without compromising the rest.
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