Web3Go joining Litentry’s DID Startups Program
The Web3Go team has a strong background in DeFi, machine learning and a deep understanding of Web 3. Started only a few months ago, the team has rapidly grown, pivoted and found its niche market and is working with some of the best teams in the Polkadot orbit. During the recent Shanghai Blockchain Week 2021, the team has won three prizes out of 32 teams in the Wanxiang Blockchain Hackathon, namely: Second Prize awarded by Wanxiang Lab, Special Prize by Web3 Foundation, and Most Promising Development Prize awarded by Moonbeam.
Data Services for the Polkadot World
Web3Go is the first data analytics platform designed to service projects in the Polkadot ecosystem. Their platform focuses on the formatting, visualization, sharing, and collaborative analysis of the on-chain data. The platform now avails dashboard of Polkadot parachain crowdloans, Kusama parachain crowdloans, LIT token analysis alongside with other dashboards.
Their powerful parachain data dashboard interface now can be integrated into Litentry and many other slot auction participants’ crowdloan campaign, using an address labeling system as well as metrics of “crowdloan progress”, “number of contributions”, “number of contributors”, “Top 5 contributors” to give in-depth information of what is happening in the slot auction.
Web3Go has also built a leaderboard for Litentry Crowdloan, which lists out all participants and ranks by the number of DOT contributed. Users now can view their own and others’ contribution in a list that is transparent and well-ordered.
How does Web3Go fit in DID startups program?
Web3Go will serve as a Data Analyzer, which is an external node providing identity-related data analysis services for the Litentry Network as specified in our article about Litentry’s technical architecture. The identity data analysis result provided by Web3Go will be a core component in Litentry’s process to generate an aggregated identity score. For example, an address’s on-chain identity as a Litentry Crowdloan supporter will be aggregated with its other on-chain identity and used to obtain better, various Web3 services.
Web3Go is an open data analytics platform that focuses on the formatting, visualization, sharing, and collaborative analysis of the on-chain data.
Deeply rooted in the Polkadot ecosystem, Web3Go provides a series of Web 3 data related services: Micro-level analysis and visualization of cross-chain assets transactions, parachain slot auctions, DeFi activities and token transaction histories; Sophisticated address labeling system to create user portraits and accumulate user identity library according to the behavior data on the chain; Utilizing Substrate Smart Contract, a reward system is deployed to incentivize users to post data task and patronize data professions on Web3Go. Altogether, Web3Go will provide the essential technical infrastructure for data applications of all kinds in the Polkadot ecosystem.
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.