Ruby Strategic Partnership With NFT3

Ruby strategic partnership with NFT3, the first unified decentralized identity and credit network for Web3 and your portal to the Metaverse.

They consider this partnership a joint effort to counter the pressing issues of the modern world. Ruby Protocol more focuses on building a private data management framework for Web 3.0 that proposes and implements a privacy layer interacting with the multi-chain ecosystem.

And NFT3 aims to build a novel decentralized identity approach that helps people and organizations interact with each other transparently and securely, in an identity trust fabric.

A decentralized digital identity is a digital identity that is managed without the involvement of a third party. Instead, a user controls their own identity and only provides information that is required to be verified. And in this sense, Ruby Protocol and NFT3 are, in essence, working on the same issue but from different angles. We both aim to replace the obsolete centralized systems of data management with a decentralized model.

NFT3s will become a direct monetization path for individuals to associate value on their terms with various aspects of their data journeys through life with different projects, individuals, social networks, companies, and institutions.

And Ruby Protocol wants to offer a private data access-control gateway across different entities and organizations in the decentralized and traditional financial world.

They believe this partnership, brought together by the values they share on user data and the same focus on individual benefits. They envision that, once this building philosophy is adopted, decentralized identities and private data management will enable people to:

• Fully own and control their data.
• Choose who to share information with and how to present the data.
• Prevent the spread of their data without their knowledge.