Web3 Startup SELF Launches Full Identity Technology
SELF, a new Web3 startup, is preparing to introduce an innovative utility NFT initiative that seeks to revolutionize how individuals interact with cryptocurrencies. The @username feature of the project eliminates the need for lengthy address sequences, thereby facilitating crypto transactions for users. Compared to rivals, SELF’s technology is adaptable, compatible with any Defi or CEX wallet, and equipped with features that improve the user experience on DEX platforms.
SELF-identities are ERC721-compliant NFTs that allow users to transfer their registered identities to other addresses they control or sell them to third parties. The solution will operate on the Polygon (MATIC) network and include additional chain processing that is not EVM-based. At launch, SELF will offer @username registration, a web wallet, a bridge, and a staking platform, all of which have a variety of potential uses. Additional features, including a marketplace for resales, the inclusion of avatars, and AI applications, will subsequently be added.
All transactions and products on SELF are decentralized and on-chain. Once a user purchases a SELF-identity and the NFT is minted, it becomes their exclusive property, which they may hold, use, sell, or transfer as they see fit. The design of the technology prioritized user autonomy and security.
The community is already aware of the prototype of SELF’s platform for user name registration and web wallet. Certik audited the project’s contract addresses in March, and SELF was KYC verified by Assure DeFi, adding an additional layer of trust and accountability. SELF token holders can take advantage of a decentralized staking platform where the annual percentage rate (APR) varies based on the number of tokens in the staking pool. The initiative concluded two pre-sales on GemPad, raising a total of USD 379,500; both sold out in less than eight hours.
The founding team members have extensive expertise in a variety of industries. Enrique Ferrater, the chief executive officer, is a blockchain expert who has worked on a number of well-known crypto initiatives. The CTO, Levinus Bakker, has experience with blockchain and AI technology. The Chief Operating Officer, Kimberley Bell, has experience in traditionally regulated financial services, and the Chief Public Relations Officer, Eric Scott, works for Oracle in the United States. Alan Rogers, a former premier league footballer, will oversee sports relations for SELF. Adolfo Fernandez has extensive experience in marketing.