Introduction
Just like the fundamental rights states that all humans irrespective of defining circumstances or traits must be allowed certain privileges, so does Masa state the financial opportunities for every individual. One would think things will be different given the century and technological age the world is in today. However, the gap between rich and poor, race and language is still so visible.
Masa Soulbound Project
The Masa project was initiated to make on-chain resources unlocked and accessible worldwide. This idea was created by foreigners and was later established by a team with worldwide decentralization. Masa strongly holds the ideology that financial opportunities should be available to everyone without restriction by place of origin or residential address.
Masa 1.0 was the initial product put together for the creation of a credit bureau that is wholly decentralized in its function. It was creating a network of Web 2 and Web 3 data sources for over 10,000, thereby offering persons, establishments, and inventors tools to reach resources on-chain.
What Does Masa Entail?
The main soul-bound token protocol worldwide is the Masa project. This is a Soulbound Token whose purpose is identification. The function of the soul token under Masa symbolizes user characteristics in the world wide web3 and reality. This feature also comes with a system of regulatory function that allows total administration of soul-bound tokens including information related to users. The project, Masa, offers basic building facilities required for managing web3 identity blocks that cover any kind of information associated with a person in reality or web3 as well. Through identity administration creation, multiple Soul bound tokens are allowed and individuals get to create an identification protocol on web3.
The soulbound token was formulated by the creator of Ethereum. This token will create an important block for building a DeSoc (decentralized society). Soul-bound tokens are NFTs, impossible to transmit, are noticeable to everyone, and are applied as an identification method on web3 that is directly connected to holders.
Masa Updates and Tools
The protocol, Masa Soulbound has been very active since the success of their mainnet launching. The testnet masa identity launch that occurred about twelve weeks earlier resulted in an outstanding yearning from individuals to the Masa network. So far, Masa Project recorded Masa identity mints of over 200,000 in several test net editions. 160,000 Masa identity mints out of 200,000 were created about two weeks ago when the Masa version .2 upgrade got launched on the testnet system.
MDTs; What To Know About Masa Developer Tools
As the initial SBT utility in the globe, it creates identification modules on the worldwide web3 chain. This system of identification enables token abundance and utility unlocking like the Know Your Customer (KYC), 2-factor authentication (2-FA), and many other utilities. The idea documented by the Ethereum creator in his publication, Web3 soul finding, pushed the Masa project.
Masa has the desire to strengthen worldwide web 3 creators by minting soul-bound tokens and then communicating with the Protocol without hassles. Tools of various types have been added to the ecosystem by brilliant developers. They include:
Example:- this is an assemblage consisting of tasks and illustrations that is applicable using Masa.
React:- this is a reaction archive involving scopes for the system operation, speed, and functionality.
CIL; commanding line interface:- this fosters communication using Masa and its SDK
The SDK:- this is made available for designers' utilization and connection on their app to Masa.
Some Use Cases of SBT
The SB token has other uses besides user identification such as:
Linking the distance individuals experience between their personal data, exercises on the Masa system, sharing permission, and authentication.
Representing traits of users in both virtual and real life.
When metadata is connected to an SBT and encrypted for further security and privacy through Masa, accessing the soul mound token is only possible with user consent via the protocol. Masa protocol provides a financial supervision system offered to persons and businesses for the propagation of trustworthy compilation of information off-chain, including on-chain to add up a shareable credit amount. Launching Masa recorded support from a few nations with data, and crypto coverage throughout the globe.
Conclusion
World Wide Web transitioned from version 1 to 2 and now 3. This says so much about how far man is willing to go. Hence, masa is taking ample use of this upgrade to connect particularly disadvantaged individuals to sources that will liberate their finances. Various features have been put in place for this to be achieved with maximum security.
USEFUL LINKS
Website: https://www.masa.finance/
Telegram: https://t.me/masafinance
Twitter: https://twitter.com/getmasafi
Discord: https://discord.gg/HyHGaKhaKs
Medium: https://https//masafinance.medium.com
Reddit: https://www.reddit.com/r/MasaFinance/
Github: https://github.com/masa-finance
AUTHORS DETAILS
Bitcointalk Username: Onyiiok
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2766257
Proof of Authentication: https://bitcointalk.org/index.php?topic=5430758.msg61475482#msg61475482