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Masa is a decentralized identity protocol that uses soulbound tokens (SBTs) to represent users' attributes in web3 and in the real world. The Masa Protocol provides the necessary building blocks for a web-based identity management layer that encapsulates any type of data attributed to an individual in the real world or in web3.
SBTs, proposed by Ethereum co-founder Vitalik Buterin, will be an essential part of a decentralized society (DeSoc) and are publicly visible, non-transferable, non-fungible tokens (NFTs) that serve as a web3 user's identity that is inherently tied to their owners. These non-transferable tokens represent credentials and affiliations within a DeSoc and are linked to "souls," which are identifiable addresses, generally a blockchain account or Ethereum wallet, that establish provenance. Users can mint and burn their SBTs.
Masa offers several different types of SBTs, including the Masa Soulname NFT (MIN), which is a human-readable address that resolves to a person's soul, similar to the Ethereum Name Service (ENS) for SBTs. Soulnames can be purchased on the Masa Protocol and traded on OpenSea.
The Masa Identity SBT (MID) is the soul of a user's identity in web3, and all attributes of a user's Soulbound Identity are linked and resolved through their MID. The Masa Web3 Credit Score SBT (MCR) is a web3-native credit score computed from a user's web3 activity on the Ethereum blockchain.
The Masa Protocol also includes a set of soulbound Tokens and non-fungible Tokens (NFTs) to create a decentralized credit bureau. The Masa Identity is a soulbound Identity Token that is generated for a user when they sign up to the Masa Protocol, and the Masa Credit Report is a hybrid decentralized credit report that includes credit bureau data, bank transaction data, mobile money data, on-chain data, and centralized exchange data.
Masa Soul Names are NFTs that can be attached to the Masa soulbound identity and act as a human-readable address for the soulbound identity. The Masa Metadata API stores metadata for the soulbound tokens in real time with verified data, and the Masa SBT Factory enables developers to deploy custom SBT smart contracts.
The Masa Protocol also includes a governance model that allows users to vote on protocol updates and new features, and it has a built-in dispute resolution process. Overall, Masa aims to provide a comprehensive identity management solution for web3 that allows users to build and control their own identity incrementally, while also enabling the development of other applications and services that can utilize the protocol.
In conclusion
Masa is a decentralized identity protocol that utilizes Soulbound Tokens to represent users' attributes in web3 and the real world. It offers a range of SBTs and a governance model, and its goal is to provide a comprehensive identity management solution for web3 that allows users to build and control their own identity. Do follow the official links I made available below for much more into the idea and solutions of Masa, thanks.
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