DWF Labs Partners with Litentry to Propel Decentralized Identity Innovation
DWF Labs, a global leader in digital asset market making and multi-stage Web3 investment firm, will partner with Litentry, a pioneer in decentralized identity solutions. This collaboration will accelerate the growth of the Web3 ecosystem, more particularly, within decentralized identity management.
Litentry recently unveiled its IdentityHub, which offers a unique approach to user identity sovereignty by offering an open, user-generated, and verifiable identity system for Web3 applications. Litentry’s IdentityHub achieved impressive milestones within its first week, including attracting over 20,000 early bird users and generating 5,000+ Verifiable Credentials from its participants.
Hanwen Cheng, the Founder of Litentry said, “We’re thrilled to partner with DWF Labs on our mission to revolutionize identity solutions in the Web3 ecosystem. DWF Labs’ expertise in investment and their extensive network within the blockchain space make them the perfect partner to help us connect with more dApp builders and increase integrations for Litentry’s IdentityHub. Together, we will empower users with control over their own data and identities in the Web3 era.”
Litentry’s commitment to user privacy and sovereignty aligns well with DWF Labs’ own mission. Following the heels of its recent partnership with SPACE ID, DWF Labs continues its support for companies that drive promising results in building the gateway between decentralized identities and the physical/digital world.
Andrei Grachev, Managing Partner at DWF Labs, commented, “DID is a foundational element of the Web3 paradigm. Together with Litentry, we look forward to making the digital realm more secure, private, and user-centric.”
In light of this collaboration, we invite Dapp developers, data providers, and other interested partners to explore DID integrations by joining the Identity Hub: https://idhub.litentry.io/
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About DWF Labs
DWF Labs is the global digital asset market maker and multi-stage web3 investment firm, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges
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About Litentry
Litentry is a Decentralized Identity Aggregator that enables linking user identities across multiple networks. Featuring a DID indexing protocol, and a Substrate-built distributed DID validation blockchain, Litentry provides a decentralized, interoperable identity aggregation service that mitigates the difficulty of resolving agnostic DID mechanisms. Litentry provides a secure vehicle through which users manage their identities and dApps obtain real-time DID data of an identity owner across different blockchains.
