Home Digital art Digital ID Cards Project Aims to Build Trust in Cryptocurrency Transactions

Digital ID Cards Project Aims to Build Trust in Cryptocurrency Transactions

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A new project aims to build trust in the Web3 ecosystem with next-generation digital ID cards that will link crypto wallets to real identities and give users a new way to verify their identities.

Pfpid has developed a non-transferable NFT (non-fungible token) that can be locked to a user’s Ethereum wallet and can only be purchased once the buyer has confirmed their identity through a “know your customer” process.

Pfpid tokens can be used to verify the holder’s identity on social networks, provide access to events, verify email senders, and reduce spam and login to different services.

Each pfpid is a two-part digital ID card: the card itself, which includes your name, an actual profile photo, your pfpid type, a sequential ID and an issue date, minted in the blockchain and accessible to the public; and the background, which is a unique piece of digital art. The latter is randomly generated, with eight billion possible configurations, the project organizers said.

The project was founded by Conor Deegan, a software engineer currently completing a master’s degree in computer science; Finn Murphy, partner at Frontline Ventures; and Evervault engineer Nev Flynn.

While anonymity has allowed some industries to flourish, there are times when identity verification is necessary, with Pfpid saying “know your customer” wallets will play an important role. On platforms such as Twitter, Facebook and Instagram, the “blue tick” provided a measure of verification for communities; Pfpid originally started with the goal of becoming the blue tick for everyone.

Verifiable identity

“There has always been a need for verifiable identity on the Internet. Facebook arguably rose to prominence due to its focus on “real profiles” which they initially validated using .edu emails. But a centralized Internet identity source was never going to be the long-term solution,” Murphy said. “We are excited about pfpid because NFTs allow it to be owned by users. It’s their tool to prove they’re a human behind the screen and attribute their online presence to that real self if they choose.

Pfpid originally launched on April 14, with a project roadmap including new features to help improve online productivity and security.

The pfpid project also demonstrates the ability of NFTs to move beyond the world of digital art and become more of a utility.