Litentry Partners with DWF Labs to Accelerate the Growth of Decentralized Identity Management
Litentry is excited to announce a strategic partnership with DWF Labs, a global leader in digital asset market-making and multi-stage Web3 investment firm. The partnership will see the two entities redefine the decentralized identity management niche of the Web3 ecosystem and work together to help users aggregate their data and give them control over their identities.
“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 data and identities in the Web3 era,” said Hanwen Cheng, Litentry founder.
Litentry recently launched IdentityHub, a product that allows users to manage their digital identity data scattered across different platforms, plus generate and manage a verifiable identity with the help of privacy-preserving computation. It also allows platforms to manage granular access to dApps via user-generated verifiable credentials. Within the first week of its launch, the IDHub garnered an impressive 20,000+ early bird users, and over 5,000+ generated verifiable credentials.
As mentioned by DWF labs, this partnership with Litentry aligns with their mission of continued 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, added, “DID is foundational to Web3. With Litentry, we’ll make the digital realm more secure, private, and user-centric.”
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 privacy-preserving Identity Aggregation protocol that enables granular access to and control of data. 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.
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