Your cryptocurrency wallet is your fortress, but it needs protection, too. This article discusses AML checks for cryptocurrency wallets, explaining how they safeguard your digital assets from potential threats.
In the rapidly evolving world of cryptocurrencies, safeguarding digital assets is paramount. Cryptocurrency wallets are the gateway to your holdings, making them a prime target for malicious actors. To fortify your digital fortress, AML wallet check have become crucial to wallet security and compliance.
The Need for AML Wallet Checks
Cryptocurrencies offer unparalleled freedom and privacy, but these advantages attract nefarious activities such as money laundering, fraud, and illicit transactions. AML compliance in crypto wallets ensures that individuals and businesses adhere to regulatory guidelines and prevent these illicit activities from occurring within the blockchain ecosystem.
Addressing Wallet Security Measures
Wallet AML checks encompass a range of security measures to protect your digital assets. These measures include identity verification, transaction monitoring, and risk assessment. By implementing AML solutions, wallet providers can ensure that users’ funds are safe and comply with regulations.
Secure Digital Asset Storage
One of the primary objectives of AML wallet solutions is to safeguard your digital assets from theft and unauthorized access. These solutions employ encryption and multifactor authentication to fortify the security of your wallet. This ensures that your assets remain out of reach even if your wallet falls into the wrong hands.
Wallet Compliance and Monitoring Services
Wallet providers are increasingly investing in AML compliance and wallet monitoring services. These services regularly assess wallet activities, flagging suspicious or potentially illicit transactions for further investigation. By doing so, they protect their users and contribute to the overall integrity of the cryptocurrency ecosystem.
Cryptocurrency Wallet Protection
AML wallet solutions also play a crucial role in preventing the use of wallets for illegal activities. They maintain watch lists of known fraudulent addresses, blocking transactions to and from them. This proactive approach helps to curb the potential for money laundering and other illicit financial activities within the cryptocurrency space.
Safeguarding Digital Assets
In the age of digital assets, safeguarding your cryptocurrency holdings is of utmost importance. AML for crypto wallets checks provides a shield against the rising tide of crypto-related crimes. By adopting wallet solutions that prioritize AML compliance and security, you can enjoy the benefits of digital assets while minimizing the associated risks.
Conclusion
In conclusion, AML checks have become essential to the cryptocurrency landscape. They are a robust defense mechanism against the growing threats of money laundering, fraud, and illicit transactions. Cryptocurrency users can prioritize digital wallet security, compliance, and monitoring services to protect their digital assets in an increasingly interconnected and digital world.
Giddy, a self-custody smart wallet, is revolutionizing the way crypto enthusiasts interact with DeFi by incorporating Stripe, a leading payment provider, into its mobile app. This integration marks a significant advancement in making cryptocurrency purchases more user-friendly and accessible.
By collaborating with Stripe, Giddy is expanding the options for converting fiat currency to crypto. This partnership allows users to conveniently fund their self-custody wallets through various payment methods supported by Stripe, such as bank transfers, credit cards, and Apple Pay®. This initiative reflects Giddy’s commitment to simplifying the crypto acquisition process, catering to both new and seasoned crypto users.
Eric Parker, Giddy’s CEO, emphasized the challenges of buying self-custody crypto and expressed enthusiasm for the Stripe integration. He highlighted Stripe’s efficiency and ease of use, making it an ideal platform for rapid crypto transactions.
In a groundbreaking move, Giddy is also introducing native Bitcoin network support. This feature extends the capabilities of Giddy’s innovative multi-factor private key solution, which was previously limited to Ethereum, Arbitrum, and Polygon networks. Giddy’s wallet is distinguished by its unique security approach, wherein a user’s private key is divided into several encrypted parts, enhancing safety and recovery options.
The Giddy app is designed to be user-friendly, integrating various functionalities like purchasing, sending, trading, earning, and shopping with cryptocurrencies. Available on both the App Store and Google Play, the app aims to simplify the crypto experience for everyday users.
Founded in 2021 by Eric and Ethan Parker, Giddy is on a mission to democratize decentralized finance. The platform’s unique feature is its self-custody yet recoverable smart wallet, which ensures users maintain full control over their funds. Giddy’s integration with Stripe is a significant step towards making crypto transactions more seamless and accessible to a broader audience.
BetFury has presented a new release – NFT Lootboxes. This is the first product in the NFT ecosystem of the platform. Lootboxes contain rare NFTs and many other profitable rewards. Become the first lucky gambler and win art masterpieces for a few dollars!
Win Rare NFT on BetFury
What are NFT Lootboxes?
Lootboxes are a well-known feature for receiving random rewards specified in the list. They gained popularity thanks to video games but gradually penetrated the crypto industry. NFT Lootboxes differ from their predecessors only in the main reward. In-game cosmetics or weapons have been replaced with crypto art that can cost a fortune!
BetFury picked up this idea and created a high-quality product. Platform NFT Lootboxes look simple and beneficial because they have over 90% chance of winning any profitable prize. Let’s note that this is just the beginning of BetFury’s journey in the NFT ecosystem. Thus, all crypto enthusiasts and art lovers should prepare for other revolutionary ideas and attractive novelties from the BetFury team.
BetFury NFT Lootboxes Rewards
There are different Lootboxes with different chances of dropping NFTs. Each of them has other rewards that are quite profitable:
- BTC, ETH, USDT, BNB, TRX;
- Free Spins for Slots, Original, Table, and Live games;
- Free Bets for Sports Betting;
- BFG (BetFury native token).
Standard NFT Lootboxes consist of guaranteed prizes, while cooler ones have a sector without a reward. Anyway, even this sector appears only with a 1% probability. Therefore, the chances of being left without a prize are minimal. Besides, If you want to check out Lootboxes before the real money spins – try a demo spin!
Epic Win: NFT Worth $76,545
BetFury user has recently won Bored Ape Yacht Club #5663. The chance of success was 0.77%, but it didn’t stop this lucky guy. The $1,657 spin brought him the NFT worth $76,545.This case proves that NFT Lootboxes convey real profit and help users achieve success.
Why Can NFT Lootboxes Provide Success?
The best Lootboxes rewards are some of the rarest NFTs on the market. It creates an exclusive opportunity to get such an expensive and valuable item while spending a few dollars. It’s a headline of every popular success story from the crypto world, isn’t it? Moreover, all NFT fans should know the blue-chip collections offered in Lootboxes by BetFury. Here is a list of some of them:
- Wrapped Cryptopunks;
- BoredApeYachtClub;
- Azuki Originals;
- MutantApeYachtClub;
- PudgyPenguins;
- DeGods and many more!
BetFury offers various NFT Loot Boxes with rewards for any status and wallet. So, users interested in the rarest NFTs and other luxury rewards can choose special Lootboxes for thousands of dollars.
About BetFury
BetFury is an ecosystem of crypto products for entertainment and additional income. The platform has a native BFG token with many utilities. BFG is listed on many crypto exchanges: PancakeSwap, Biswap, etc. The token has over 55,000 holders, and more than 3 billion BFG are in circulation. The most profitable utility for using tokens is BetFury Staking, with the ability to daily withdraw Staking payouts.
BetFury offers over 8,000 Slots and Original games with one of the highest RTP in the industry (up to 99.02% RTP). BetFury also has 80+ kinds of Sports with odds better than the market average. Along with huge events, the platform provides profitable bonuses: Rakeback, Cashback up to 25%, etc.
In the ever-changing world of cryptocurrency, every day brings new opportunities and developments. One of the most interesting and promising innovations is cloud mining, a method of mining cryptocurrencies that offers huge benefits to investors and supporters of cryptocurrencies. The leader in this field is the company CGMD miner, which specializes in cloud mining services.
What is cloud mining?
Cloud mining is often referred to as the future of cryptocurrency mining and it is changing the traditional mining process. Instead of investing in and managing their own hardware, miners can rent computing power from specialized providers. This eliminates the need for expensive hardware and reduces electricity costs, allowing users to focus on cryptocurrency mining.
CGMD miner : Uniqueness and Reliability
So, what sets CGMD Miner apart from other companies and makes it a trusted player in the industry?
* Professional Team: CGMD Miner’s success is based on its team of highly skilled experts in the field of cryptocurrency and blockchain technology. These dedicated professionals are responsible for ensuring that the mine is stable and efficient.
*Technological innovation: CGMD Miner continues to be at the forefront of technology and continuously invests in improving hardware and software. This focus on innovation maximizes customer productivity and profitability.
* Transparency and Reliability: CGMD Miner attaches great importance to transparency and reliability. Customers have full access to a wide range of mining statistics and data, allowing them to monitor the progress of their operations with confidence.
* Customized Solutions: CGMD Miner understands that there is no one-size-fits-all solution in the cryptocurrency world. In order to meet the diverse needs of investors, the company offers a wide range of rates and terms, allowing users to choose the most suitable option based on their specific circumstances.
* Adapt to market dynamics: The cryptocurrency market is known for its volatility and constant changes. CGMD miner ‘s risk management strategy enables it to quickly adapt to changing market conditions, ensuring the safety and profitability of customer investments.
Advantages of cloud mining:
1. Cost Effective: Eliminates the need for equipment and energy costs.
2. Diversified cryptocurrency mining: Various cryptocurrencies can be mined, including Bitcoin, Ethereum, etc.
3. User interface: Enjoy a simple and convenient mining process.
4. Regular payment: CGMD mining machine provides regular and transparent profit payment.
5. Flexible Terms: Customize your investment with different interest rates and flexible terms.
6. Quick card opening bonus of 10 yuan!
CGMD miner offers contracts that are not only straightforward but also highly diverse, providing you with a range of options to suit your investment needs. They offer stable and no-risk fixed returns.
In the dynamic world of cryptocurrency, CGMD Miner stands out as a leader in cloud mining. With a dedicated team, commitment to innovation, and unwavering transparency, CGMD Miner provides a solid path for investors to explore the world of cryptocurrency. Say goodbye to the complexity of hardware management and embrace the simplicity and profitability of cloud mining with CGMD Miner.
If you are interested in the details of CGMD Miner, please visit its official website www.cgmdminer.com。
You can also find and download the CGMD Miner app by typing “CGMD” in the Google App Store or Apple Store.
Imperium Comms, a leading PR agency working with clients across all industries, is able to publish press releases for clients in numerous leading news platforms, including Bloomberg, Yahoo Finance, and Reuters.
All press releases submitted to them are typically published within one business day, and Imperium Comms have the cheapest rates in the PR marketplace.
To enquire about publishing a Press Release (PR) in Bloomberg, Yahoo Finance, Reuters, and other major business and mainstream news sites, you can get in touch with Suliman Mulhem, Managing Consultant at Imperium Comms, by sending an email to S.mulhem@imperium-comms.com.
Why Should You Publish a Press Release in Bloomberg, Yahoo Finance & Reuters?
Publishing a press release is an essential step for businesses and organizations looking to maximize the reach and impact of their news. A well-crafted press release distributed through a reputable news wire can significantly enhance visibility and media coverage.
Preparing Your PR
The first step is to craft a compelling press release. Your release should be clear, concise, and newsworthy. Start with a strong headline that captures attention, followed by a lead paragraph that summarizes the key points.
The body of the release should provide detailed information, including quotes and factual data. Conclude with a boilerplate that offers background information about your organization.
You can contact Imperium Comms for any questions you have about how your press release should be formatted.
Incorporate Multimedia Elements:
Enhancing your press release with multimedia elements such as images, videos, or infographics can significantly increase its appeal.
Visual content not only makes your release more engaging but also helps convey your message more effectively, so you should consider including images and links in your PR.
READ: Submit Your Press Release to Cointelegraph
SEO Optimisation
In today’s digital world, optimizing your press release for search engines is crucial. Use relevant keywords, include hyperlinks to your organization’s website, and structure your content for easy online discovery. SEO optimization enhances the online visibility of your release, increasing the chances of it being seen and shared.
Submitting Your Press Release
Once your press release is ready, you can simply submit it via email to S.mulhem@imperium-comms.com. Imperium Comms will then handle the distribution in the agreed-upon news platform, such as Bloomberg or Yahoo Finance.
Compliance and Best Practices
Finally, ensure that your press release complies with legal and ethical standards. This includes respecting copyright laws, avoiding misleading information, and adhering to industry-specific regulations. Following these best practices will uphold your organization’s reputation and the integrity of the news wire service.
As the cryptocurrency market continues to develop and receive attention from all sides, more and more players are entering this market. Additionally, Bitcoin continues to solidify its position as the top cryptocurrency and attracts interest from users around the world.
Do you want to increase your passive income from Bitcoin and cryptocurrencies? Do you want to know the fastest way to activate the Bitcoin income you are receiving now?
Traditional cryptocurrency mining methods often require expensive computers, which consume large amounts of electricity. This also leads to difficulties in maintaining and profitability.
Beginners may prefer cloud-based software that does not require mining equipment and programs designed for more basic CPU and GPU mining.
They may also prefer software with low withdrawal requirements, as it may take a long time to mine enough Bitcoins to make it worthwhile to use mining software with high limits.
SunMiner is one of the leading cloud mining companies and a trusted partner for users.
Compared with other platforms, SunMiner is more suitable for beginners because it eliminates many technical terms and presents it to customers in the simplest form. Let novices also participate in cloud mining and obtain high profits.
As one of the best providers in the world, SunMiner is committed to making users’ cloud mining experience safe and comfortable.
SunMiner key advantages include:
·Sign up and get an instant $10 bonus.
·High profitability levels and daily payouts.
·There are no other service or administrative fees.
·You can generate more than six other currencies using the platform.
·The company’s affiliate referral program allows you to refer friends and earn up to $20,000 in referral bonuses.
·McAfee® security. Cloudflare® Security.
·Backed by a 100% uptime guarantee and outstanding 24/7 technical support, any questions or concerns are promptly resolved.
This is a great opportunity for those looking for passive income from cryptocurrencies, as SunMiner offers excellent mining contracts. The platform is suitable for anyone with no technical experience or financial resources,The registration process is simple and takes less than 3 minutes. Users can start mining immediately after registration. There are no calculation fees or investment requirements when registering. Currently, the SunMiner platform has more than 9.55 million members operating in more than 200 countries around the world and earning cryptocurrency. Additional features, such as the option to withdraw your own profits on a daily basis and monitor or predict potential gains, are popular among investors and traders.
In addition to mining services, SunMiner also offers an attractive partner program. This move allows you to easily make money by attracting new partners. The process is simple and does not require any initial investment. Just invite friends and acquaintances and you’ll receive up to $20,000 in bonuses.
Summarize
If you are looking for ways to increase your passive income, cloud mining is a great way to do it. If used correctly, these opportunities can help you grow your cryptocurrency wealth on “autopilot” mode with minimal time investment. At the very least, they should take less time than any kind of active transaction. Passive income is the goal of every investor and trader, and with SunMiner you can maximize your passive income potential easier than ever.
If you want to know more about SunMiner, please visit its official website: https://sunminer.com
SunMiner can be searched and downloaded by entering “SunMiner” in the Apple Store.
Hong Kong, Hong Kong, November 15th, 2023, Chainwire
Sleek, a Web3 social network, today announces they have successfully raised US$5 million in a seed round, enabling them to power the ownership economy and bring blockchain-powered social media to the masses.
Officially launched in April 2023, the company aims to revolutionize human connection by making networking simple, fun, and productive. Sleek offers a comprehensive platform that enables users to seamlessly exchange information, onboard new people into their network, as well as incentivize community building via Web3 Social Finance (SocialFi) business models. For the very first time, users can directly monetize their content and social capital to become a new class of creators.
Sleek’s first product, Sleek Card, was designed to empower Web3 professionals to network in person. Each card creates a blockchain wallet and a decentralized identity for each user, seamlessly onboarding individuals into the Web3 space. Sleek Card leverages NFC technology and its proprietary messaging bot to help users efficiently capture data and manage contacts, creating powerful on-chain social graphs.
To date, the Sleek Card has powered over 300,000 connections, solidifying its position as a leading player in the Web3 space. Sleek Card has also partnered with Solana Hacker Houses, Coinfest, Digital Art Fair, and NFTNow to bring innovative event experiences to life.
“We are launching monetization models in our platform that are only possible through the blockchain, so talented creators from various verticals who don’t have a full team supporting them can earn sustainably”, said co-founder, Tania Tse.
“Leveraging our own experiences and lessons learnt, we are building applications alongside our users to power the future of Web3 social”, said co-founder, Chase Guo.
In the first half of 2024, Sleek will launch an open marketplace that empowers domain experts to become creators by tokenizing their knowledge into liquid and accessible assets. The future holds the promise of a more equitable, user-centric, and transparent digital social landscape.
Sleek’s investors include Binance Labs, Shima Capital, Spartan Group, Symbolic Capital, Genblock Capital, Big Brain Holdings, Market Across, Emirates Consortium, Arkstream, Perridon, GBV, and several angel investors. Binance Labs, the VC arm of Binance, invested in Sleek through the Binance Labs Incubation Program.
With blockchain-based social assets and a suite of pioneering products, Sleek is poised to reshape the social networking landscape and open new doors for creators to prosper in the Web3 era.
About Sleek
Sleek is a Hong Kong-based Web3 social network that revolutionizes authentic human connection in the digital age. Their mission is to power the ownership economy and bring blockchain-powered social media to the masses.
Sleek’s platform consists of Sleek Card and a knowledge marketplace launching in the first half of 2024. Sleek Card is an identity platform for seamless networking in person. Sleek’s NFC cards and proprietary messaging bot bring together the user’s collective identities with a single tap, facilitating 300,000+ connections and powering 60+ global events. Sleek’s knowledge marketplace facilitates the discovery of domain experts who can monetize directly with consumers.
For more information visit Sleek’s: Official Website | Twitter | Telegram
Contact
Marketing and PR
Sleek
media@sosleek.io
London, United Kingdom, November 16th, 2023, Chainwire
MetaWin, a trailblazer in the digital competitions arena, today announced the launch of its most ambitious event to date – the MetaWin Millionaire. This groundbreaking competition offers participants a chance to win $1 million in USDC Stablecoin, marking a new epoch in online competitions.
A Game-Changing Event in the Blockchain Space
MetaWin Millionaire is not just a competition, it’s a revolution in the digital contest landscape. Hosted entirely on-chain, this event exemplifies transparency and fairness through blockchain technology. It’s open to everyone, with free entry requiring only the payment of a nominal Ethereum gas fee to register.
Ensuring absolute impartiality, MetaWin employs Chainlink’s renowned on-chain random number generator to select the winner. This third-party integration underlines MetaWin’s commitment to unquestionable fairness and legitimacy in its competitions.
As the clock ticks down with just 37 days left, excitement mounts. The much-anticipated draw will take place on December 22, 2023, at 4 PM Eastern. The winner will witness a life-changing moment as $1 million in cryptocurrency instantly transfers into their wallet from the smart contract.
A Legacy of Successful Competitions
MetaWin is no stranger to hosting high-stake competitions. With over 16,500 contests completed, including NFTs and cryptocurrency giveaways, MetaWin has already changed lives. The biggest win to date has been an impressive 150ETH ($300K), setting the stage for the massive million-dollar event.
Join the Race For a Chance to Become a Millionaire
Currently, with 2,363 participants and counting, MetaWin invites everyone to join this extraordinary opportunity. It’s more than a competition; it’s a chance to be part of blockchain history and potentially turn your life around with a million-dollar reward.
To enter, users can visit MetaWin.com and connect with their favorite Web3 wallet to register their entry today.
About MetaWin
MetaWin is at the forefront of on-chain competition platforms, revolutionizing how digital contests are conducted. By harnessing the power of blockchain technology, MetaWin provides a transparent, fair, and thrilling competition experience. With a history of significant giveaways and a commitment to innovation, MetaWin is reshaping the future of online competitions.
For more information visit MetaWin’s: Official Website | Discord | Twitter | Instagram | Telegram
Contact
MetaWin Team
MetaWin
press@metawin.inc
Singapore, Singapore, November 15th, 2023, Chainwire
BinaryX, a GameFi and Initial Game Offering (IGO) platform, today announced the launch of Pancake Mayor, a new city-building simulator on the newly launched PancakeSwap Gaming Marketplace.
Pancake Mayor: City Building Simulator
Pancake Mayor is a free-to-play casual city-building game where players can obtain in-game currency, Mayor Cash, to upgrade and build their own cities, inspired by famous cities around the world. Players can accumulate Mayor Cash by playing a spin-the-wheel mini-game, raiding other players’ cities, and participating in special events.
“We designed Pancake Mayor for the everyday gamer – it offers a fun, lighthearted and rewarding experience for our users,” said Rudy S., Head of Growth at BinaryX. “Pancake Mayor is the first of many hyper casual games that we will develop in the play-to-earn space, and it will provide our gamers with a new way to utilize, engage, and earn with BinaryX. We are excited to launch on PancakeSwap’s Gaming Marketplace to bring Pancake Mayor to new users.”
Hyper casual games are becoming increasingly popular, and Pancake Mayor is positioned to appeal to a wide range of gamers. The game is easy to play and offers a variety of ways to earn rewards, making it a great choice for both casual and experienced gamers alike.
“PancakeSwap’s Gaming Marketplace marks an exciting new chapter in our continued commitment to innovation and enhancing the user experience. We invite our community, gamers, and game developers to join us in creating a gaming ecosystem that is vibrant, innovative, and, above all, incredibly fun,” said Chef Mochi, Head of PancakeSwap.
Open Test Launch
Pancake Mayor will be launched with an Open Test lasting for 7 days from 15 November, 2023, 9pm GMT+8 to 21 November, 2023, 9pm GMT+8. During this period, players can enjoy all game content for free, including tournament events, Crazy Vault gameplay, point activities, and more. After the test concludes, the game will be wiped and reset. For more game content and activities, follow BinaryX on social media.
Watch the trailer of Pancake Mayor
About BinaryX
BinaryX is a leading GameFi and IGO platform committed to delivering cutting-edge gaming experiences backed by blockchain technology.
Offering Initial Game Offering (IGO) services, BinaryX gives game developers the opportunity to launch their GameFi projects on their platform, and for users to get early access to innovative new games.
As one of the top projects on the BNB Chain, BinaryX has a vast community of more than 100k coin holders. With the token BNX, BinaryX is also one of the top few metaverse projects by trading volume on the BNB chain, with a strong market cap.
For more information, please visit www.binaryx.pro
For media inquiries, please contact: marketing@binaryx.pro
About PancakeSwap
PancakeSwap is a leading multichain decentralized exchange that operates on an automated market maker (AMM) model and is available across 9 chains: BNB Chain, Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum One, Linea, Base, and opBNB. Launched in 2020, PancakeSwap is one of the most popular DEXs in the cryptocurrency industry due to its low transaction fees, high-speed trading, and user-friendly platform. PancakeSwap has over $614 billion in total trading volume and over $1.39 billion in total liquidity locked, making it the leading multichain DEX in the industry.
For more information, visit https://pancakeswap.finance/.
For media inquiries, please contact
PancakeSwap Team
Email: marketing@pancakeswap.com
Contact
Kora
marketing@binaryx.pro
Lisbon, Portugal, November 14th, 2023, Chainwire
cheqd, the startup that enables users and organizations to gain control and portability of their data, has announced the availability of its Creds Creator Studio at the 2023 Web Summit in Lisbon. Kicking off with an initial six launch partners, Creds Creator Studio enables companies to create Verifiable Credentials that build community trust and security, and supercharge their marketing activities. They can do so in an easy and affordable way using Creds’ no-code platform before monetizing those Credentials via cheqd’s payments infrastructure.
In the digital age, impersonation and fraud have reached unprecedented levels of harm. Worse still, the proliferation of generative AI technology has given bad actors powerful tools to deceive and manipulate on a mass scale, further eroding trust in digital interactions. Compounding this is a lack of financial incentive to issue Trusted Data or Credentials, leaving a critical gap in the ecosystem. Creds emerges as a solution — it offers a comprehensive vertical suite that not only facilitates the creation of trust but also provides opportunities to monetize it.
Building and issuing Credentials through Creds’ user-friendly interface is incredibly straightforward and easy. Organizations simply need to tailor the credential’s information and it will be available almost instantly. From logging in to completion typically takes less than two minutes.
Creds is integrated with cheqd’s Credential Payments feature, which enables organizations and users to exchange and transact creds. It paves the way for organizations to create new business models within their communities and give users a way to monetize their reputation.
Verifiable Credentials: Building Communities, Reputations & Trust
Reputation in Web3 platforms is often confined and cannot be transferred to nor recognized by other platforms. Creds, however, breaks this siloed approach, offering the first opportunity for reputation data to be seamlessly ported, combined and shared across various communities and platforms, fostering more interconnected, versatile and trusted ecosystems.
Organizations can issue Verifiable Credentials with Creds to create a unique reputation and trust system as well as loyalty programs for their communities that’s completely secure, portable and private. For individuals, Creds can act as verifiers of status or serve as their public profile, providing a way for users (individuals and organizations) to verify they are who they say they are and prove ownership of handles, wallets, roles, skills, and reputations within and beyond their communities.
Creds Creator Studio launches with an initial six partners in order to showcase the multitude of Web3 use cases that are uniquely enabled by Creds:
- Outlier Ventures, the leading Web3 accelerator with a portfolio of Web3 companies from across the globe including cheqd, will make Creds available to its alumni and founders, enabling them and their projects to be quickly verified as part of its ecosystem. In this way, Creds will help Outlier Ventures to create more trust in its portfolio companies and enable them to build stronger relationships with their partners and suppliers.
- Injective, the Layer-1 blockchain shaping the future of decentralized finance, plans to utilize Creds to enable its community to aggregate their reputations across the numerous quest platforms it’s actively engaged with. Creds will help Injective identify its most active ambassadors and superfans by providing them with greater incentives and rewards, growing its community more rapidly and strengthening the reputation of its biggest fans.
- Secret Network is integrating Creds into its ambassador program, allowing for the monitoring and rewarding of community members as they progress through their learning journeys. To become a “Secret Agent” or ambassador for Secret Network, users are incentivised to complete a series of activities and assignments to familiarize themselves with the platform’s products and services. The introduction of Creds is intended to expedite this program by providing Secret Agents with a “gamified” tool to monitor their progress, grow reputation, and unlock even greater rewards.
- Regen Network is building a platform to originate and invest in high-integrity carbon and biodiversity credits from ecological regeneration projects. It’s planning to leverage Creds so developers can certify that the ecological credits they offer are verifiably nature-positive and sequester carbon. Creds will help to ensure greater trust in Regen Network’s marketplace, reassuring organizations that they’re able to meet their climate commitments by acquiring carbon credits which are guaranteed to restore biodiversity and reverse the effects of climate change.
- RescuePals, the NFT-based 2D RPG game that aims to incentivize and tokenize animal welfare, will start issuing Creds to players to certify their gaming achievements and verify their participation in community events. With RescuePals, in-game characters and items are digital twin copies of real-world animal rescues, represented by unique NFTs. Each NFT will be verified by Creds in order to certify they represent a tangible donation towards animal welfare. Furthermore, RescuePals plans on using certain Creds to create governance permissions where users can shape future real-world impact campaigns and game expansions.
- Kleomedes DAO is looking at ways to facilitate gamification within its community and gate governance using Creds. As the first decentralized, proof-of-stake and community-governed validator in the Cosmos ecosystem, it aims to support multiple blockchains that create value and build innovative products for the community. Creds will provide the backbone of an innovative reward system funded by validator profits that seeks to incentivize the Cosmos community to act as delegators and participate in its ongoing governance, promotion and development.
By providing organizations with a simple way to quickly create Credentials, cheqd is fostering the creation of the Trusted Data Markets needed to facilitate widespread adoption of SSI. With Trusted Data Markets, cheqd provides a strong incentive for users to issue verifiable Credentials while motivating organizations to return the control of data to individuals.
Research by cheqd shows that the global value of the SSI market may reach as much as $0.55 trillion by 2026. By offering its industry-first Credential Payments that allow owners of verifiable data to retain full privacy, cheqd sets itself apart from other identity networks. The next step for Creds is to enter more traditional markets such as gaming, loyalty, and entertainment, where the demand for Verifiable Credentials already exists.
Creds emphasizes the importance of trust as a key asset for organizations, advocating for its development and sustainability. The focus of Creds is on enhancing community relations and promoting a culture of trust and integrity.
About cheqd
cheqd (cheqd.io) is a privacy-preserving payment and credential network that allows users and organisations to gain control and portability of their data. cheqd builds upon Decentralised Identity (DID), Self-Sovereign Identity (SSI), and Digital or Verifiable Credentials (VCs) with payment infrastructure to create Trusted Data markets as an entirely new industry category.
With its technology, cheqd is creating a new paradigm around Trusted Data economies such as re-usable KYC in Web3, preference data markets, and others where the user is at the centre. It empowers consumers and businesses with full ownership, portability, and control over their data and identities. In addition, this data can be transacted within a payment network that prioritises individual privacy and market-first principles. The scale of distribution is unmatched as cheqd engages with organisations across Lending, Supply Chain, eCommerce, Education, Manufacturing, Gaming, and other sectors.
cheqd also features a decentralised reputation platform (creds.xyz) to incentivise and engage Web3 communities through quest or learning credentials, as well as protect users from fraud and scamming across Discord, Telegram and beyond.
Contact
Avishay Litani
pr@marketacross.com