Decentralized Identity in Web3 : Altme Wallet is now featured on Moralis ๐Ÿฅ‡

published on 20 February 2024
Altme is featured on Moralis
Altme is featured on Moralis

We're thrilled to announce that Altme Wallet is now featured on the well known Moralis Web3 Wiki ! This recognition positions Altme alongside top Decentralized Identity tools.

The Moralis Web3 Wiki serves as a valuable resource for developers and enthusiasts, showcasing leading projects across the industry. Being included in this directory underscores the potential of Altme Wallet to empower users with control over their digital identities and unlock new use cases in the decentralized world.

Think of Decentralized Identity (DID) as an advanced digital passport in your pocket that you can use to prove anything about youโ€”highly secured, easy to share, instantly verifiable, and solely under your control.

Decentralized Identity for Web3 dApps
Decentralized Identity for Web3 dApps

Altme : The power of Decentralized Identity โ›“๏ธ 

At Altme, we believe in empowering our users with control over their digital assets and identities and contribute to a trustworthy Web3 ecosystem. 

What is the Altme Wallet ?

Altme is a free app that anyone can download from the Google Play Store or the Apple App Store :

Why is Altme Wallet featured on Moralis ?

Moralis has chosen to feature Altme due to its commitment to user empowerment and secure identity management. Indeed, Altme is : 

  • Open-Source : Altme is built using open-source technology, which means its code is available for anyone to see and improve. 
  • Non-custodial : Your keys, your coins, your data. With Altme, you have full control over your digital assets and personal data.
  • Multi-chain : Altme supports multiple blockchainssuch asEthereum, Tezos, Polygon, BNB Chain, and Fantom, offering flexibility to users and developers.
  • Built on Decentralized Identity (DID) : Altme is built on open Decentralized Identity standards to give you full control over your identity and personal data.
  • User-friendly : Altme is focused on building a UX friendly decentralized identity wallet to boost user adoption.

Benefits of using Altme : 

  1. Manage your digital identity easily : Once you verify who you are with Altme, you don't have to do it again and again. You can use your verified identity to prove your ID, age, liveness... and access different services and apps in 1 click.
  2. Own your data : Your personal information stored in the Altme wallet is yours alone. It's protected by cryptography and can't be tampered with.
  3. Protect your privacy : Decide who can see your information and for how long.

In short, the Altme wallet is not just a tool for handling your coins and digital assets; it's also about giving you more control and security over your personal information. It makes using decentralized apps easier and keeps your identity safe and private.

Get your reusable Verifiable ID in Altme
Get your reusable Verifiable ID in Altme

How to obtain a Verifiable ID for FREE to get verified in the Web3 world

In 2023, Altme has teamed up with Docaposte, a leading identity verification platform in the EU, to bring strong and reliable identity checks to its users in the Web3 world.

Why this matters : This collaboration helps blockchains users confirm their identity safely and helps reduce fraud, ensuring it follows European laws like GDPR and KYC regulations.

To get your 1st digital credential, like a proof of your ID or age you just need to go through a one-time KYC check in Altme. This KYC verification is completely FREE for all users ! Here is how to do it ๐Ÿ‘‡

  1. Download the Altme Wallet : It's free on apple store and google play store, and gives you full control over your personal data : 

  2. Go through KYC verification : Inside the Altme wallet, complete the Docaposte ID360 KYC process to get your first Verifiable Credentials like your ID, age, proof of liveness (personhood) and more!

  3. Claim your Verifiable ID : After verification, you will be able to claim your Verifiable ID, which you can use / share anytime you need to prove your ID in the Web3 ecosystem. Itโ€™s secure, easy to share, and can be verified instantly by dApps and Apps. 

Once you have your Verifiable ID, you can easily prove your identity, age, and other personal details with just a few clicks using Altme !

Prove your ID, Age or Humanity with Altme
Prove your ID, Age or Humanity with Altme

How to use DIDs to verify users on-chain in Web3

Verifiable Credentials are stored and managed off-chain. So, to accelerate the adoptions of Decentralized Identity even more, Altme has developed a way for you to prove things about yourself directly on your favorite blockchain.

This is a way for you to prove certain things about yourself directly onchain.

After getting your verifiable credentials in Altme to prove your age, liveness (personhood) or DeFi compliance for example, you can mint a non-transferable NFT / SBT on your favorite blockchain address to prove a binary information about you on-chain. 

Privacy-focused : This NFT/SBT doesnโ€™t disclose any of your personal details. It just shows one specific binary information about you. For instance, it can show that you're a human or an adult, or that you meet certain rules (like KYC/AML), all without sharing / disclosing any private information about you. 

Example of use cases : You can use this feature when you want to access certain applications that need to verify something about you. The app/dApp can quickly check this token on the blockchain to see if you meet their requirements, like being a real person or of legal age, or DeFi compliant.

Verify users off-chain and on-chain
Verify users off-chain and on-chain

Here is how you can mint a DeFi regulation compliant NFT ๐Ÿ‘‡ 

1. Download the Altme Wallet 
2. Claim your Verifiable ID credential and follow the KYC verification
3. Claim your DeFi compliant verifiable credential
3. Go to the Altme's NFT minting page, pair your Altme wallet  and mint your DeFi compliant NFT / SBT.

Post NFT minting, Web3 Apps can instantly check users' DeFi compliance on-chain, ensuring compliance with diverse regulations, such as KYC or Anti-Money Laundering laws (AML). Meanwhile, users' personal data remains off-chain at all times.

In short, Altme is making it easy and free for Web3 users to get verified and prove things about themselves, on-chain or off-chain, all while keeping their data secure in their Altme wallet.

Making Web3 compliance easy for Web3 dApps

As you can see, Altme has developed a comprehensive set of features that offers a unique, privacy-focused compliance solution accessible to everyone in the Web3 ecosystem. This includes regular users, dApps, DeFi protocols, and other decentralized platforms.

As a dApp, wether you need to verify users identity off-chain or on-chain, Altme has a solution for you. By combining self-sovereign identity (SSI / DIDs) with NFTs in an easy-to-use wallet, Altme lets users handle Web3 regulations while keeping their data private and secure : Anyone can create a special kind of digital token (a non-transferable NFT) that shows if certain criteria are met or not. And with the "Add a decentralized identity (DID) to your favorite wallet" feature, you can do this without even needing to import your secret key / passphrase into Altme. 

What are the main benefits of Decentralized Identity for Web3 Apps, Projects and Service Providers ?

By using Decentralized Identity (DID) in your workflow, you can : 

  1. Attract more users : By using Altme, Web3 projects can embrace a decentralized standard for identity management, showing they're serious about protecting user data, helping to attract more people.

  2. Improve / simplify user onboarding : Altme's wallet makes verifying users' identities instantaneous and easy, off-chain or on-chain, which can help onboard and retain more users.

  3. Fight fraud and follow regulation rules : With Altme, Apps and dApps can check users' identities in a way that meets regulations requirements, reducing fraud and ensuring compliance.

๐Ÿ‘‰ Altme invites all dApps, platforms, and protocols in the Web3 world to make decentralized identity verifications (off-chain or on-chain) a reality. Contact us to integrate Altme in your workflow.

Why should you choose Altme ?

  • Free to use : Everyone can use and download Altme for free.
  • Non-custodial and secure : Altme is an audited non-custodial wallet, meaning users control their data and assets.
  • Privacy-Focused : Altme keeps users personal data off-chain, making sure it's not accessible to dApps or hackers. 
  • Built on open standards : Altme uses W3C decentralized identity standards, ensuring secure and compatible / interoperable digital identity across platforms.
  • Open-source code : Altme's code is open for anyone to review, building trust through transparency : Github
  • Multi-chain : Users can use Altme to manage their verifiable credentials off-chain and create compliance binary NFTs / SBTs on any blockchain (if they want to). 

In summary, Altme is offering a straightforward, secure way for users and developers to manage compliance in the Web3 world. 

Altme and PolygonID release Zero Knowledge Credentials
Altme and PolygonID release Zero Knowledge Credentials

Unlock the power of Zero Knowledge credentials with Altme and PolygonID

In 2023, Altme and PolygonID announce their collaboration to empower Polygon users with full control over their digital identities, enabling them to access a wide range of Web3 services while keeping their personal information private.

By leveraging Zero-Knowledge (ZK) Cryptography, PolygonID allows users to prove specific aspects of their identity without revealing any personal information.

As this "ZK" thing may seem complicated, let's take a concrete example to ensure everyone understands: Imagine you want to prove you are over 21 years old without revealing your birth date. This is precisely what you can do with PolygonID!

And this amazing technology is now integrated into the Altme wallet! In other words, Polygon users can now claim and manage their ZK credentials directly in their Altme wallet, enabling private interactions with smart contracts and Web3 dApps...

๐Ÿ‘‰ Check out the demo video here:

Decentralized Identity use cases in Web3

The use cases are limitless! Here are a few examples:

  1. Sybil resistance: As a Web3 project, you can now seamlessly ensure the liveness and uniqueness of users for token launch initiatives, airdrops, or improved GameFi experiences. 

  2. Age verification: Web3 builders that need to remain regulation compliant can now allow their users to prove their age to access regulated or age-restricted content or services (betting platforms, gaming platforms, and trading protocols...).

  3. Fair gameplay: By allowing Web3 games to verify players' humanity, it is now possible to eliminate bots and AI from participating, offering a significant improvement in terms of user experience (UX) !

  4. Fair airdrops and rewards: Altme wallet enable fair and transparent token distributions by verifying participants as real humans, preventing bots and duplicate users from participating.

  5. Authenticity of NFT projects: It is now possible to verify the authenticity and ownership of digital art pieces and NFTs by easily associating them with the creator's or owner's identity, reducing fraud and enhancing trust.

  6. Community role-based access: Users can easily share proof of membership, or any other custom verifiable credential related to their identity to benefit from a customized Web3 experience.

  7. Regulation compliance: Web3 platforms can now allow their users to be KYC/AML regulation compliant by sharing a "DeFi compliance" verifiable credential.
Altme : 1st Crypto EUDI Wallet ?
Altme : 1st Crypto EUDI Wallet ?

The future of Decentralized Identity verification and the EUDI wallet ๐Ÿ‡ช๐Ÿ‡บ

Decentralized identity verification will not be limited to the Web3 world. Indeed, by giving users ownership and control over their own data, decentralized identity verification can make the internet a more secure and privacy-preserving place.

This is why Altme's vision is fully aligned with the future of Self-Sovereign Identity in Europe, which will be realized by the upcoming adoption of the European Digital Identity Wallet (EUDI Wallet). The EUDI Wallet, which is based on the eIDAS 2.0 regulation and the ARF technical framework, will give European citizens even better control over their data and improve online trust in identity verification.

By 2025, all EU member states will need to provide a EUDI wallet to their citizens to give them access to the benefits of Decentralized Identity (DIDs) for data ownership, privacy and data verifiability purposes in the European Union. 

๐Ÿ‘‰ Join us in building a a more secure and trustworthy Web3 ecosystem.

To conclude, this listing on Moralis signifies another key milestone in our journey. We're passionate about building the future of decentralized identity, and being featured on the Moralis Web3 Wiki fuels our commitment to innovation and user empowerment.

Join us on this exciting journey!

Altme Wallet
Altme Wallet

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