MASA building web3’s first soulbound identity protocol
INTRODUCING MASA PROJECT
Masa Finance was established to assist the billions of unbanked and credit-invisible people worldwide. Masa will make it possible for you to manage your finances, build a decentralized credit score, and get access to uncollateralized loans. We think that having access to these financial instruments can help people build their wealth and stronger communities, much the way Masa helped earlier civilizations grow.
Decentralized credit markets can launch a wider range of credit use cases and gain access to a $2.5 trillion market for household lending by gaining access to credit infrastructure through DeFi platforms. Since 2017, the DeFi ecosystem’s elusive holy grail has been uncollateralized lending. This growth inspired the development of Masa Soulbound. Masa’s goal is to attract the subsequent 1 billion users to web3. They achieve this by creating a more egalitarian financial system that gives 4.95 billion people access to choice and opportunity.
In this article, I am going to be looking at different segments of the project, MASA!
Masa Soulbound Identity Use-Cases
Masa is on schedule to produce web3 and web2 credit scores that are tied to wallets. Global users can have access to decentralized loans and other financial products thanks to Masa Soulbound Identity’s web3 financial identity. Lenders will have access to a global pool of decentralized liquidity and be able to improve the quality of their underwriting. The first testnet launch will give users the chance to register a special soul name, such as teslashibe.soul, which resolves to a wallet or soul-linked data source, such as ENS for SBT. Users would have access to OpenSea or any other supported NFT platforms on the mainnet to renew and trade theirs.soul name ownerships.
A Reusable KYC and Web3 Single Sign-On: The absence of a user-friendly login experience is currently a major barrier to web3 user uptake. With Soulbound Identity, you will be able to sign into numerous web3 applications with just one click by soul-linking your accounts. Users may be able to sign in using the single sign-on functionality without having to expose their identity or submit their biometric data each time. It can offer an effortless sign-on process for things like exchanges, NFT whitelist registration, soulbound airdrops, and more. Read more of this on their official page.
Decentralized Identity / Soulbound Identity Soulbound Tokens
Masa introduced Masa Soulbound Identity, the first Soulbound Token identity protocol for web3, with an upcoming mainnet on Ethereum. Users from all over the world can use Masa Soulbound Identity to claim their distinctive.soul name (similar to an ENS domain name) and create a Soulbound Token (SBT) that serves as a representation of their online identity. After claiming their Masa Soulbound Identity, a user can use it to build a web3 credit report and later access several Masa-based financial services.
A crucial component of this Decentralized Society, would be the Soulbound Tokens proposed by Vitalik Buterin, the inventor of Ethereum. These immutable tokens provide identifiers for credentials and affiliations within DeSoc and are connected to Souls, a special kind of address that proves provenance.
Masa’s Recent Partnership Announcements
The Masa community and its associates have contributed to seeing every netizen get the benefit of Web 3.0 getting the best deal out of this great two-phase solution.
Masa, which is commonly referred to as maize or corn, served as a foundational food source for early civilizations. Masa dough was a tool for trade and the foundation of successful settlements. Over the past 12 months, Masa has changed and improved in every way. A team of two is now 20, a community of 30 is now over 10,000, and an idea is now a whole product. The ability to scale swiftly is a result of their crystal-clear focus on becoming the first DeFi platform to achieve mass acceptance.
It became quite evident that the brand identity did not accurately represent the current scope or objectives as they drew closer to their first anniversary. They needed a logo that reflected the wonderful community, one that people would be pleased to support and promote, and a website that would better disseminate news and updates. In the past months, Masa has partnered with credible projects in the space worth mentioning. Visit the announcement page for their recent and old partners progress. Masa’s also stated their upcoming mainnet launch.
Within the team and community, they place high importance on diversity, equity, and inclusion. The finest solutions and insights result from assembling a broad team of people from various racial, ethnic, and cultural backgrounds. Masa finance is known for its complete transparency regarding everything from the finances to the product strategy to the daily operations of each department. With Masa, you can identify and maximize your unusual extraordinary skill.
Masa’s Upcoming Mainnet Launch
Masa Mainnet will debut on January 17th, 2023. So Prepare to act quickly and seize those exclusive.soul names when they go live. The key information for the launch of the Masa Mainnet is provided below.
Before the official launch, all allowlist users can create up to #Masa Soul Names during early access. You can create as many soul names as you want for each user after the public mainnet launch.
Masa Allowlist
This is for early community members to join the Masa allowlist and mint .soul names before the mainnet goes live by January. Visit the page and join the allowlist to claim your .soul name.
In Conclusion
Masa wants to be the first DeFi platform to gain widespread adoption. A larger variety of credit use cases can be introduced through decentralized credit markets. By obtaining access to the credit infrastructure through DeFi platforms, we can reach a $2.5 trillion market for household lending. The future Mainnet for Masa will go live on January 17, 2023. Users can establish a Soulbound Token (SBT) that serves as a representation of their online identity using Masa Soulbound Identity to claim their distinctive.soul name, which is comparable to an ENS domain name. The creation of wallet-linked web3 and web2 credit scores by Masa is on pace. Users will have the opportunity to register a unique soul name, such as teslashibe.soul, which resolves to a wallet, at the first testnet launch. The Masa community is passionate about greatness and pursues it as a team and a company. They put a lot of effort into iteration and continuous improvement every day, for both ourselves and every aspect of our organization.
USEFUL LINKS
WEBSITE: https://www.masa.finance/
TWITTER: https://twitter.com/getmasafi
TELEGRAM: https://t.me/masafinance
GITHUB: https://github.com/masa-finance
DISCORD: https://discord.gg/HyHGaKhaKs
USER DETAILS:
BITCOINTALK USERNAME: ANTARCIA
BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=2658526;sa=summary
