Masa Deploys Web3 Identity Solution to Celo

03/01/2023 14:50 • NFT Newsflash • 243 views

It is reported that the Web3 identity and credit agreement Masa has announced that it has been deployed to Celo, and will generate a Prosperity Passport for more than 10 million independent wallet addresses on Celo next week, and support the claim of a. celo domain name. Developed by the Celo Foundation’s strategy and innovation team, Prosperity Passport will become a Web3 identity solution driven by soul binding tokens, enabling users to unlock the task-driven tools on the Celo ecosystem and real-world applications.

Web3 identity and credit agreement Masa has been deployed to Celo

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Masa, a Web3 identity and credit agreement provider, has announced that it has been deployed to Celo to generate a Prosperity Passport for over 10 million independent wallet addresses on Celo next week. This move will provide greater functionality within the Celo ecosystem while supporting the claim of Celo domain names.

Developed by the Celo Foundation’s strategy and innovation team, Prosperity Passport will become a Web3 identity solution that leverages soul binding tokens to enable users to unlock task-driven tools within the Celo ecosystem as well as real-world applications. As such, it serves as a reliable and secure digital identity for users on the network.

By consisting of an innovative combination of smart contracts, data storage, and cryptographic tokens, Celo supports a platform for digital payments and lending, which allows individuals to access mobile money easily. Celo is particularly focused on serving individuals in areas that the traditional banking system has ignored.

One major barrier to entry for financially underserved populations is the lack of identity verification. Therefore, Prosperity Passport’s deployment to Celo is expected to be a significant step towards increasing accessibility and financial inclusion.

Additionally, identity verification on the blockchain not only offers a more inclusive financial system but also helps prevent fraudulent activities. These are possible because blockchain technology makes it possible to verify an identity without the need for personal information or the need for a third-party authority.

In conclusion, Masa’s deployment of its Web3 identity solution to Celo in the form of a Prosperity Passport is poised to provide a more seamless and efficient experience for users within the ecosystem. The integration of blockchain technology in identity verification is an excellent way to increase accessibility and promote financial inclusion.

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Masa Deploys Web3 Identity Solution to Celo

Web3 identity and credit agreement Masa has been deployed to Celo

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