Litentry Weekly: My Crypto Profile goes live, users can now shill NFTs on Twitter
Litentry this week:
- My Crypto Profile product launch and introduction
- Testnet: parachain correlation studies
- Misc: Review and improve CI code refactoring
🖼 My Crypto Profile goes live!
My Crypto Profile officially launched on August 23, allowing users to display their NFT collectibles on a Twitter profile by linking Ethereum address to a Twitter account.
What is My Crypto Profile?
MyCryptoProfile is a Web3 identity tool from Litentry. Users showcase their NFT collectibles on Twitter by linking their crypto address to social network identity and proving their account ownership. Users do not need to disclose any passwords or keys during the process.
How to use:
Step 1: Install the MyCryptoProfile browser extension
Step 2: Connect to your 🦊Metamask wallet.
Step 3: Go to 🐦 Twitter “Messages” to check the verification message from Litentry Registrar and verify.
Once you have created a profile, you will see your NFT collection on your Twitter profile page (pictured above). You can also see the NFT of other Twitter users (provided they also use MCP to connect identities).
In addition, the first 500 users of MyCryptoProfile will receive a random NFT from the “MCP Genesis NFT” art set. MCP Genesis NFT is a set of original NFT titles published by My Crypto Profile, exclusive to the early 500 users. The release lasts 30 days, and all NFTs will be distributed at the end.
The technical infrastructure behind the product
MCP uses Litentry Registrar technology to support the encryption-protected account authentication process. Litentry Registrar is a secure registration service that focuses on automated authentication and uses a carefully designed encryption process to reduce human intervention. Litentry Registrar currently uses four levels of confidence as a judgment level to flag users and will support more confidence methods in the future.
On MCP, users have complete control over their personal data. The Platform does not collect any personal information of users, except for the account link relationship provided by users voluntarily, and users can delete personal information at any time. As a witness to a user’s identity, My Crypto Profile will provide the account relationships it has acquired so that users can prove their digital identity without relying on other data registries.
MCP is in its early stages, but as the product matures, the team plans to open source the code to allow more community involvement.
Don’t miss this great product, when we are open-sourced come and build together!
Kayla Wang, CMO @ Litentry
My Crypto Profile aims to be a bridge between social platforms and Web3. We want to break down the barriers between centralized platforms and decentralized networks by providing more comprehensive, diverse and convenient identity linking services.
The NFT market and display application
According to NonFungible.com, the number of NFT transactions in the last 30 days was 508, 643, $1.65 billion, and the number of active users was 97, 802. At the time of writing, the Twitter hashtags #NFTshill and #nftart have about 2,000 posts each.
The emerging NFT market has generated the demand for NFT displays. NFT is driven not just by speculation and capital gains, but also by the psychology behind it: people’s desire for possession, belongingness, and showing off their capital/taste/status. “NFTs are a new form of tradable ostentation, not a new form of tradable ownership, “commented Matt Levine, a writer on Bloomberg Finance. The presentation requirements of NFT are essentially social problems, and social problems must be solved by social solution.
Unlike most NFT display products on the market, My Crypto Profile focuses on identity connection, connecting users’ Web3 identity with their social platform identity, and then providing Web3 identity data, namely NFTs tools.
Product plan and vision
MCP is a proof of concept for the Litentry identity aggregation protocol, which proves the feasibility of connecting virtual worlds with simple tools. It is designed for multiple blockchain integration and indexing of more meaningful Web3.0 data. Ethereum is just our first stop, and we plan to add identities from Kusama, Solona, Flow, Polygon, and more. In addition, we will be experimenting with more social platforms such as Telegram and Discord. We believe that identity data between different networks and social platforms on the Internet in Web3 is of great value, and that providing a bridge between identity data across networks will be an important direction for future applications.
Step by step, we connect the Web2 social platform to the Web3 world. With the development of the metaverse, identity aggregation protocols can have infinite possibilities, such as the combination of cross-chain assets in Web3 and identity in Web2, and the use of cross-chain social interaction to enrich the social gameplay of Web3, etc. As more and more projects attempt to preemble the dominant position in the Web 3 world, our solutions connect the metaverses together.
🧪 Testnet: Parachain related researches
- Parachain token issuance research
- Prepared load balancer for parachain
- Parachain consensus and staking research
- Added transfer test into CI
- Parachain crowdloan research
- Parachain testing research
- Updated NFT merkle claim unit test
- Balance pallet research
- NFT pallet full test
- Reviewed and improved CI codes refactoring
- Improvement and bug fixed for devops scripts
- Configured and added a third relay chain node to testnet
- NFT Event document for subquery index
That’s a wrap! See y’all next time.
Litentry is a Decentralized Identity Aggregator that enables linking user identities across multiple networks. Featuring a DID indexing protocol and a Substrate-built distributed DID validation blockchain, Litentry provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms. Litentry provides a secure vehicle through which users manage their identities and dApps obtain real-time DID data of an identity owner across different blockchains.