ChainCatcher news, according to The Block, MicroStrategy will launch a Bitcoin-based DID protocol called MicroStrategy Orange, which uses inscriptions in witness data to store and manage DIDs, leveraging UTXO for DID control.

ChainCatcher news, the Bitcoin ecosystem composable DID protocol BRC-137 announces the completion of a $2.5 million seed round financing, with participation from Basics Capital, DFG, Gate.io, JSquare, and others. The funds will be used to accelerate the development and improvement of the protocol and ecosystem growth.

ChainCatcher news, DID as a Service provider Communities ID announced the launch of the first composable decentralized identity (DID) protocol in the Bitcoin ecosystem ------ BRC-137. The official revealed that related assets will soon be issued on brc420.io.It is reported that the BRC-137 protocol innovatively introduces two types of assets: BRC137-TLDs and BRC137-DIDs. BRC137-TLDs serve as NFT-based social nodes, while BRC137-DIDs are social individual identifiers based on BRC20 tokens.The protocol's "composable engraving" feature allows users in the Bitcoin ecosystem to establish connections with social nodes, generating unique DIDs and building social network graphs. BRC-137 achieves seamless conversion between DIDs and fungible tokens by integrating EIP-3525 and the BRC-20 protocol, which not only enhances the liquidity of DID assets but also introduces a deflationary mechanism, bringing growth potential to DID holders.

ChainCatcher news, the Web3 DID protocol Anima Beta testnet is now live. The Anima protocol aims to address user identity verification issues, providing users with a frictionless experience connecting Web2 and Web3, and linking users' Web3 identities to the real world through relevant real-world identity verification processes. (source link)

ChainCatcher news, the programmable DID protocol Midhub Protocol, incubated by TokenPocket, is implementing the NFT PMM (Protocol Market Maker) protocol supported by programmable NFT technology. The decentralized PMM CURVE mechanism based on Y=logmX will drive the value discovery and application of programmable NFTs. This protocol will be widely applied in web3 scenarios such as OnchainDAO, GameFi, SocialFi, and DeFi.NFT PMM utilizes the trading mechanism of NFTs (erc721) against the erc20 pool constructed with the Y=logmX value curve, building NFT liquidity from algorithmic consensus, which is expected to fundamentally change the liquidity challenges of NFTs in existing centralized trading mechanisms. Programmable NFTs are expected to become the foundational components of the web3 value network.It is reported that programmable DID is the first application of NFT PMM, providing a set of onchain web3 community creation paradigms and mechanisms for developers, creators, and KOLs.

Chain Catcher news, the programmable DID protocol Midhub has completed its seed round financing, led by TokenPocket, which also participates in protocol governance. TokenPocket stated that it will engage in strategic cooperation with Midhub in areas such as programmable NFTs, contract rendering, native blockchain game protocols, and OnchainDAO, focusing on products, technology, resources, and branding.It is reported that Midhub is an open-source and pluggable programmable DID protocol aimed at Web3. Midhub provides a set of core functional contracts, such as contract rendering, NFT naming, and BToken (builderToken). When MidPass registers a new module, it can call the core contracts to add new functionalities, executing the corresponding functions of the respective modules with each call.Midhub plans to launch the protocol on the ETH mainnet and support developers in exploring applications and tools based on programmable DID to better create Midhub's programmable DID ecosystem. (Source link)