In line with plans to fully decentralize its service, Collab.Land will utilize Nuggets to give users more control and portability of their online reputation in web3, along with the ability to secure their metaverse identity and assets
LONDON, UK / ACCESSWIRE / May 9, 2022 / Collab.Land, a user-friendly, tokenized, community-management system, has announced a partnership with Nuggets, a self-sovereign verified digital identity and payment platform, to allow users greater portability, interoperability, and control over their web3 reputation and DAO participation based on merit.
The Nuggets integration will allow Collab.Land's 3.5 million users to access an interoperable, decentralized, and metaverse-ready digital ID as well as unlock the portability of web3 verified credentials (VCs). While VCs typically refer to cryptographically verified, tamper-resistant credentials such as a passport or ID, web3 VCs can represent anything from Discord server badges to tokenized attestations of skills, character traits, membership or accomplishments.
Nuggets' introduction comes amid a growing appetite from community members to build their web3 reputation and digital identity and port it across various online communities. By integrating Nuggets' ID system, Collab.Land bypasses the need for users to have to rebuild their reputation from scratch each time they join a new community or DAO.
Collab.Land started as a means for anyone to build tools to manage their community via bot integrations and has since snowballed. The service - which recently announced plans to decentralize and become a DAO - now boasts over 3.5 million users across its various communities. As it stands, over 100 new communities are adding Collab.Land every day.
Decentralized, portable reputation is something that's necessary for fulfilling the promise of web3, as well as being able to onboard DAO members based on merit. Reputation is everything when it comes to DAO governance, therefore, being able to attach a users' DAO admittance, privileges, and voting rights to their Nuggets ID via SSI, which can be used across platforms and DAOs demonstrates how portable reputation is coming to life today.
James Young, Founder and CEO Collab.Land commented: "Our partnership with Nuggets illustrates a critical step in our journey to decentralize. Giving users control of their online reputation and allowing them to go beyond the confines of centralized platforms fits perfectly with that goal. Reputation and community can unlock many opportunities in web3, from DAO participation through to content moderation, and being able to verify standing in this space represents a significant boon for users."
Nuggets enables individuals to secure their digital identity and associated finances through a self-sovereign identity and payment solution that serves as a reusable, interoperable and verified digitalID for Web 2.0, web3 and as a non-custodial cache for digital assets.
This information can be 'shared' with the required parties without revealing any personally-identifying information. This is achieved via zero-knowledge proofs, a cryptographic technique that allows one party to verify data to another party without disclosing any information beyond the capacity to verify said data.
Alastair Johnson, Founder and CEO at Nuggets, Said: "Reputation is paramount in web3. Being able to provide cryptographic proof of your credentials in a way that safeguards privacy and provides security perfectly aligns with the ethos of web3, and we're thrilled to be working with Collab.Land to be making this a reality."
For more information, please contact:
Nuggets is a multi-award-winning self-sovereign verified digital identity and payment platform that serves as the reusable, interoperable ID with a merit based reputation that travels with you, for Web 2.0, 3 and the Metaverse.
Alongside offering proof for users of who they are, and what they can access, Nuggets also serves as a non-custodial cache for digital assets. The solution is available globally and trusted by major organizations. For more information, please visit: https://nuggets.life/
Collab.Land is a web3 community tool started in the spring of 2020 by Abridged Inc. Collab.Land first started as DAO tooling before becoming the leader in token-gated community tools. Collab.Land is a progressive decentralized project with roots in open-source. For more information, please visit: https://collab.land/
View source version on accesswire.com: