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    Home » News » IDZ Launches An NFT Utilizing Digital ID And Authentication

    IDZ Launches An NFT Utilizing Digital ID And Authentication

    By Ross WardropMay 1, 2022Updated:September 20, 20223 Mins Read
    Contents hide
    Who is IDZ?
    What Is The IDZ Asset 0 NFT?
    Your Digital ID On A Physical Device
    IDZ Social Media x Marketplace Platforms
    IDZ enabled 01 Watch

    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.

    IDZ Logo
    IDZ look to revolutionize the ID space.

    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!

    Asset 0 NFT example gif
    A preview of the Asset 0 NFT.

     

    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 ID authentication iphone device demo
    IDZ demonstrates the ease of approving transactions on your physical device.

     

    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.

     

    IDZ ID Watch 01 Authentication watch with NFC
    The Watch 01 Is The First IDZ Enabled Device.

    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.

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    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

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    Ross Wardrop
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    A multimedia journalist and social media manager based out of Glasgow, Scotland. Massive interest in sports, specifically basketball and football.

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