“GM Radio” Next time, SBT-based decentralized ID project “Masa Finance” will participate

15th GM Radio held

The 15th GM Radio will be streamed on Friday, March 24th at 12:00 on the CP_Global Twitter space. This time we invite Masa Finance co-founder Brendan Playford as our guest.

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Masa Finance is a project developing a decentralized identity protocol. We are working on providing decentralized identities in the Web3 network. The company’s mission is to invite the next billion people to the world of Web3. The company aims to build a fair financial system to realize this mission.

In May last year, it announced that it had raised $3.5 million (about 460 million yen at the current rate) in a pre-seed round. This time, it was funded by executives from Unshackled Ventures and GoldenTree Asset Management.

In addition, the names of the crypto asset (virtual currency) conglomerate Digital Currency Group (DCG) and the blockchain project “Celo” are also listed in the investor and partner section of the official website.

Announcing the pre-seed round, Playford said the current financial system is not fair. He said he had unequal access to educational opportunities, tools and financial instruments.

He explained that Masa Finance believes that the opportunity to build wealth should be given equally to all people. He commented that he wants to play an important role in building an inclusive credit system and enable 1 billion users to participate in DeFi (decentralized finance).

Concrete efforts

One of the biggest features of Masa Finance’s service is the use of Soulbound Token (SBT). SBT is a non-transferable NFT (Non-Fungible Token), and has attracted a great deal of attention since Ethereum (ETH) co-founder Vitalik Buterin proposed it as the next theme for cryptocurrencies.

connection: High interest in “Soulbound Token (SBT)” advocated by Ethereum founder Buterin

Once received, SBT cannot be sent to another digital wallet, so it can be used as a personal ID. It can incorporate personal credit-related data such as educational qualifications, work history and project contributions, credentials used for user authentication, and past loan history.

connectionBinance to Issue Soulbound Tokens on BNB Chain

Masa Finance also has a human-readable address “Masa Soulname NFT (MIN)” and a credit score based on Ethereum blockchain activity “Masa Web3 Credit Score SBT (MCR)”. also developed. MIN can also be traded on the NFT electronic market “OpenSea”.

The title of this distribution is “SBT and Identity in the Web3 Era”. Guests will be asked questions about the importance of decentralized IDs, token issuance, and future plans.

Limited NFT distribution to viewers

We will distribute “NFT” limited to participants to everyone who watched GM Radio’s live streaming on the official Twitter Spaces. Please refer to the following for how to receive it.

In the future, we are planning campaigns only for those who have collected multiple limited NFTs. It will be distributed free of charge to all participants, not on a first-come, first-served basis. Please take this opportunity.

Please follow the official account of the Global version so that you do not miss the announcement of the live broadcast.

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The post “GM Radio” Next time, SBT-based decentralized ID project “Masa Finance” will participate appeared first on Our Bitcoin News.