Building the Entrance to Web 3.0 Based on the DID Identity System
The DID identity system is a new aggregation at the user dimension; better aggregation leads to better interaction, and better interaction creates more value.Author: Web3 Starfish
With the gradual enhancement of Web 3.0's influence and the expanding user base, the information and behavioral interactions within the Starfish ecosystem have become more frequent. The previous model of identity proof based solely on independent wallet addresses is clearly no longer sufficient to meet the needs of ecological development, nor can it effectively leverage the value of user data. To better embrace Web 3.0, the Starfish platform will build the Starfish 2.0 ecosystem based on the DID identity system.
The DID Identity System is the Gateway to Participating in Web 3.0
DID (Decentralized Identifier) is a decentralized identity system that has evolved from traditional centralized identities. It refers to the removal of intermediaries, where individuals or organizations fully own, control, and manage their digital identities, with these rights entirely belonging to the users themselves. The Starfish NFT was initially minted and circulated entirely on-chain, granting users ownership of the Starfish NFT itself, but still facing the challenge of extending the identity value represented by the Starfish NFT.
As the foundational functions of the Starfish platform improve, it enters a rapid development phase. An identity system that transcends platform boundaries becomes key to determining the speed of platform development. How can Starfish users participate in Web 3.0 ecosystem projects based on their personal on-chain data and reputation? It is not about Starfish users seeking profit opportunities within the ecosystem, but rather about enabling more project parties to form two-way interactions with Starfish players. This can help project parties focus more on precise customers and match contributors, while allowing Starfish players to concentrate on contribution and learning, thereby better promoting the overall development of the Starfish ecosystem.
Based on the DID identity system, data within the Starfish ecosystem (such as transaction records, owned NFTs, task contributions, etc.) is entirely controlled by the owners themselves, without the need for any centralized third party to be involved. Any information regarding your identity is fully in the hands of the user, and without the user's authorization, no one or institution can access this information.
In the Web 2.0 era, users needed different accounts and passwords to log into different platforms. In the Web 3.0 era, users will be able to authorize logins to various platforms and websites through the Starfish DID identity system. The more daily operations users engage in, the more data they accumulate. With more data, users can better present a panoramic view of their credit level, risk preferences, repayment capabilities, and a series of other characteristics. User resources are the most valuable; any Web 3.0 project's cold start requires finding potential customers and contributors on-chain. Individuals will gain favor from potential projects through the DID identity system, and more opportunities will represent more chances.
The DID Identity System Injects Power into the Starfish 2.0 Ecosystem from All Angles
From the previous discussion, we can see that DID, as a foundational infrastructure, derives much of its value not from itself, but from the value generated by the series of data it produces. The DID identity system will promote the development of the Starfish 2.0 ecosystem across multiple tracks.
First is the Starfish task system. Previously released tasks were more universal, meaning any player could participate. In contrast to universality, precision represents efficiency. For institutions or project parties facing the current massive number of on-chain accounts, casting a wide net is often the least efficient way to initiate. Since the DID identity system encompasses user profiles, behavioral category data, and other tagged attributes, it allows for more precise task system releases, enabling players with different tagged attributes to receive targeted pushes rather than being overwhelmed by a flood of task information. For example, players with LP resources are more likely to receive LP-related tasks, while players with technical tags are more likely to receive technical bounty tasks, and players with asset needs are more likely to receive lending tasks. Unmatched opportunities are meaningless; only needs and contributions that align with individuals are valuable. Value stems from matching, and the Starfish task system will leverage DID identity to join the ranks of leading Web 3.0 task platforms like RabbitHole, Project Galaxy, and POAP.
Next is the Starfish IDO system. The biggest issue with IDO issuance in the current market is still unequal distribution. Due to the difficulty in quantifying potential contributions, users with real project resources or those capable of making breakthrough contributions may not necessarily receive more IDO shares, which affects the enthusiasm of true value contributors and long-termists. The DID identity system will be the perfect solution to address the shortcomings of IDOs. Through the DID identity system, Starfish will be able to better allocate IDO quotas based on users' tagged attributes and potential contribution capabilities, allowing those who can truly contribute to receive more incentives. This way, the goals of IDOs can be better achieved; the number of participants is not as important as their quality, especially in the early issuance stages of a project, where initial users often determine the tone and future of the entire community.
Finally, regarding the Starfish sub-ecosystems, whether it is the already launched social circles or the upcoming PVP card games, they are all part of the Starfish ecosystem. In the future, applications in tracks such as SocialFi, rating, lending, staking, and cross-chain may also be launched. Therefore, can the contributions and resources accumulated by active users in one sub-ecosystem also serve as equity certificates in another sub-ecosystem? The essence of Web 3.0 is openness and sharing. What is needed to achieve this openness and sharing? The DID identity system is the only answer. Only by allowing users' reputations and behaviors to support them at any time can we truly accumulate more ecological value and better stimulate users' enthusiasm for participation, ultimately promoting the healthy development of the Starfish ecosystem. Thus, the DID identity system is a necessary condition for the development of the Starfish 2.0 ecosystem, driving the establishment of a free, open, and intrinsically motivated Web 3.0 ecosystem.
The DID Identity System Will Truly Return Value to Users
The Starfish 2.0 ecosystem is a Web 3.0 ecosystem that truly belongs to users, where they will have the opportunity to freely share the development dividends of GameFi, SocialFi, DAO, NFT, and other tracks. The DID identity system will safeguard users' ecological rights from multiple dimensions.
From a technical perspective, the DID identity system will introduce immutable ledgers and digital signature technology to help Starfish users safely and conveniently declare and authenticate their identities. Zero-knowledge proofs will provide solutions for anonymity to support the protection of encrypted identity attributes. Additionally, the DID identity system will utilize smart contracts throughout the process to ensure the realization of user rights.
From a functional perspective, the DID identity system will help Starfish users maintain control over their identity data. Users can selectively participate based on their habits and application attributes, and data will not be transmitted or circulated without their permission. This will allow for the establishment of a multi-dimensional identity attribute description system that covers users' different Web 3.0 identity needs. The DID identity system will enable users to truly aggregate and control their data.
From a revenue perspective, the DID identity system will allow users to become vibrant individuals. Crypto institutions or DAO organizations worldwide will have the opportunity to understand the personal attributes of potential users or contributors through the DID identity system, maximizing the efficiency of applying potential resources and professional skills. The DID identity system represents more opportunities and a larger stage, allowing Starfish users to share more development opportunities in the Web 3.0 world.
Conclusion: The DID Identity System Will Enable Breakthroughs for the Starfish Platform
The DID identity system represents a new aggregation from the user dimension. Better aggregation leads to better interactions, and better interactions create more value. The DID identity system will make the Starfish 2.0 ecosystem more open and diverse, thereby integrating more applications and creating more Web 3.0 opportunities.
