Blockchain
Unlock Web3 with the First-of-its-Kind Digital Identity & Asset Protocol by NEST®
NEST®, the world’s first digital blockchain identity solution, introduces the Self-Sovereign Distributed Identity (SSDID) – a first-of-its-kind, confidential digital identity protocol. Through encrypted ownership, crypto and NFT lovers are given complete control, confidentiality, and provenance over all their digital assets across the Web3 environment. The NEST® solution offers an individual encryption capacity to essentially solve the problems of digital asset provenance, authentication, and fraud.
As a next-generation blockchain infrastructure with confidential, distributed identity and cross-chain asset control, NEST® enables a practical Web3 economy while addressing industry challenges through distributed ledger technology (DLT) identity control protocols. From NFTs to data asset management, NEST® users can confidentially create, authenticate, secure, earn and exchange digital assets or content using their own, personalized NEST® Self-Sovereign Distributed Identity. This solution also allows unlimited Zero-Knowledge Proof transactions and exchanges on almost any mainstream network.
A novel KYC/ AML process done in a confidential and decentralized manner
Creating an SSDID with NEST® equips users with a personal, hyper-encrypted digital identity – one that is completely decentralized thanks to its bespoke layer-zero blockchain. Users may understand the concept of the SSDID as similar to the traditional KYC and AML processes. However, the SSDID is uniquely constructed in a confidential and decentralized manner, allowing for user-led confidential controls, without the sacrificing of any personal data to centralized repositories. NEST® further caters to users’ choice and network selection by letting each decide how, where, and for what their full or partial digital identity may be used or disclosed.
Charles Anderson, Founder & CEO of NEST®, notes: “A common public misconception is that blockchain and smart contracts today somehow offer ironclad security and protection to participants. The truth is, billions of dollars worth of NFTs can easily be stolen within just a few clicks. Security and protection, provenance, and authentication have not yet been made either automatic or inherent. In other words, true ownership and control of digital identities and assets, even before transaction participation, has not been solved. That’s why NEST® has been painstakingly created for many years – to provide the missing piece that users require even before approaching Web3 as a tangible environment for participation.”
The first non-custodial omni-wallet to confidentially confer legal and real-world ownership
NEST® is set to launch the first-of-its-kind mobile app in the third quarter of 2022. While only available through invitation at the moment, the NEST® app permits an all-in-one non-custodial omni-wallet, for users’ real-world identity authentication. It is the one-stop application for open Web3 and metaverse control. The app is designed to help users instantly unlock their Web3 journey, enabling them to mint, authenticate, secure, swap, and socialize via NEST® and confidentially through the SSDID protocol.
The NEST® app is a proprietary Web3 app that allows users to instantly mint or swap NFTs on mainstream blockchain networks, including Avalanche, Binance Chain, Ethereum, Klaytn, Polygon, and Solana. With hyper-low gas fees, users can further authenticate and register NFTs using the NEST® AI digital artwork database, which attributes legal provenance and ownership rights. It also allows for blockchain-powered social media censorship-free posts and end-to-end encrypted messaging and calls. The NEST® app provides device-side encryption with private key-pairs control for the ultimate security and protection of users’ assets.
Exceeding the digital identity industry standard
As an official associate member of the Decentralized Identity Foundation (DIF) – the industry standard for structuring digital identity – NEST® constantly strives to exceed the current industry and privacy standards by providing users with a unique platform to tangibly hold proof of real-world ownership across the digital space, without compromising their confidentiality.
With NEST®, decentralization no longer means anonymous or unsecured. Its leading Web3 infrastructure ensures every user has individually authenticated control of their cross-chain activities.
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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