IDZ Launches An NFT Utilizing Digital ID And Authentication

IDZ has been working for five years to build an ID ecosystem where people can own and control their assets of all kinds. This is because, as they say, any activity we do in life starts with establishing identity. Asset 0 is the first asset in the system and it is already available for sale on OpenSea.

Who is IDZ?

 IDZ believes that the ID ecosystem has the potential to change every industry, including; banking, retail, and hotels. Firstly, they built secure zero-knowledge architecture. Then, they opened it up – allowing users to verify their security and build other ID clouds. Notably, the ecosystem will be powered by all of the ID clouds, not just IDZ. 

What Is The IDZ Asset 0 NFT?

The Asset 0 NFT, developed by IDZ aims to let users play an active role voting on features and roadmap. IDZ’s Asset 0 is the first digital asset – or NFT – in the ID ecosystem. Thus, to make it special, the project linked its value to the number of IDZ users. Therefore, instead of being built on hype, the IDZ Asset 0 NFT has a value based on a formula.

You can get the IDZ Asset 0 NFT on OpenSea right now for the price of 0.3ETH. Then – believe it or not – they also promise to buy back the assets after their IPO!

Your Digital ID On A Physical Device

IDZ believes that anything that belongs to you can be an asset with your own ID, including physical devices. In the future, they believe devices will become accessories to the most important thing you have: Your ID itself.

IDZ Social Media x Marketplace Platforms

What’s more, the company plans to build more than just the Asset 0 NFT. Apparently, they also plan to build a social media and an NFT marketplace platform. Named FLAP and EXCHANGE, respectively, these platforms will form part of the IDZ ecosystem.

Through the FLAP platform, they also hope to reduce – if not remove – fake news and bot profiles. Plus, they also aim to promote authentic content and help users to play an active role in managing the community.

According to the IDZ team, their users will also have the opportunity to earn. Plus, IDZ promises any that do will get 100% of their earnings. Actually, their EXCHANGE platform works similarly: anything users sell, they can keep.

IDZ enabled 01 Watch 

Beyond this, ‘IDZ enabled’ will be introduced as an open-source framework that runs on wearable and other secure devices. This is to further increase the security of users’ IDs.

For wearable items, their waitlist is open to get yourself their first IDZ enabled device: The 01 Watch. This works as both an authenticator and identifier. In short, it uses NFC and other technologies to verify your Identity to other parties.

If you’re interested in IDZ Asset 0 you can find them on various social media platforms including Twitter and Discord. Alternatively, you can visit their website or Medium blog. Finally, you can purchase their NFTs through OpenSea too.