🔍 Identity for Web3
Today's Highlights
- Quadrata - identity synchronization across blockchains
- This Week On BuzzBelow - a recap on this week's topics.
- In Other News - a few interesting developments we're tracking.
Quadrata - identity synchronization across blockchains
Quadrata, a passport network bringing the identity and compliance layer to public blockchains, is integrating its passport identity technology with Polygon, the leading blockchain development platform offering scalable affordable, secure and sustainable blockchains for Web3. The partnership will provide applications being built on Polygon with access to identity and compliance solutions, and will deliver on Quadrata's roadmap to support multiple blockchains.
There is a growing need in the blockchain space for decentralized apps (dApps) and decentralized finance (DeFi) protocols to incorporate solutions that provide a layer of identity and compliance. Identity-verifying infrastructure allows dApps to easily confirm they are reaching real customers and complying with regulatory requirements. It also can help expand DeFi use cases and create better products because developers will have access to information about wallet accounts.
A web3 user always complains about bots and fishing. To ensure their users are real people, Quadrata Application verifies users’ KYC/AML status through an Estonian ID startup called Variff state-issued ID. After a short process and eth gas fee, the NFT sits irreversibly in a user’s wallet after approval.
Quadrata is interested in partnering with any applications that are building on Polygon and looking for compliance-aware solutions. In the future, Quadrata also has plans to deploy their identity and compliance technology on all Ethereum Virtual Machine (EVM)-compatible chains.
Lisa Fridman and Fabrice Cheng are the co-founders of Quadrata. Quadrata has raised a total of $7.6M in funding.