Friday, November 1

STP Launches AWNS Web3 Identity Solution Using NFT-Owned Wallet

ERC-6551 provides NFTs the capability to own other digital properties.

STP has actually revealed the main launch of its Autonomous Worlds Naming Service (AWNS), an ingenious Web3 identity service developed on the ERC-6551 token requirement. Over 20 partners have actually currently been onboarded throughout AWNS’ waitlist duration, consisting of video gaming studios like Adventure Gold and facilities companies like Biconomy.

AWNS goals to function as a fundamental identity element for Web3 and blockchain-based video gaming. It includes AWNS domains ending in.aw that incorporate users into these decentralized environments. Instead of simply associating usernames with wallets like ENS, AWNS takes identities an action even more by binding them to tokenbound accounts (TBAs).

These TBAs are NFTs powered by ERC-6551 that allow NFTs to have their own wallets and hold other digital possessions. The accounts can keep properties like crypto, NFTs, and other TBAs. This enables each identity to have its distinct on-chain history and provenance.

The versatility of ERC-6551 and these tokenbound accounts opens brand-new possible applications and utilize cases. In video gaming, characters can keep records of accomplishments and properties throughout various platforms. AWNS likewise permits numerous personality identities under one user.

For decentralized self-governing companies (DAOs),

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