The startup offers a web3 platform that utilizes on-chain credentials to create non-transferable digital identities, enabling users to establish measurable online reputations. This technology addresses the lack of trust in online interactions by allowing individuals to leverage their verified behaviors to unlock new opportunities within the digital ecosystem.
Funding
$580K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Web3 applications lack a standardized method for users to establish and showcase their reputation, hindering personalized experiences and targeted incentives. Current approaches often require repeated verifications and fail to provide users with control over their data.
Solution
Solana ID provides an on-chain identity protocol that enables users to aggregate and leverage their digital footprints across multiple wallets and blockchains. By connecting and bundling wallet accounts, users can build a SOLID score, reflecting their on-chain activity, credit, social interactions, professional affiliations, identity, and gaming history. This score can be selectively shared with dApps to unlock personalized perks, rewards, and experiences while maintaining user control over data. The platform also allows businesses to target incentives to specific user segments based on their on-chain reputation, enhancing customer acquisition and engagement.
Target Audience
The primary target audience includes Web3 users seeking to leverage their on-chain reputation for personalized experiences and rewards, as well as dApp developers aiming to enhance user acquisition and engagement through targeted incentives.
Features
- Wallet aggregation across multiple chains using verified ECDSA signatures
- SOLID score calculation based on on-chain and off-chain data sources
- SOLID vault for secure storage of verifiable credentials
- zk-proofs to maintain user anonymity while sharing data
- Data-2-Earn mechanism, rewarding users for sharing verified identity data
- Reputation staking with $SOLID tokens to boost trust and SOLID score
- Integration with dApps for personalized experiences and targeted incentives
- Partnership with zkPass for secure integration of off-chain data