Elastos’ open-source Web3 solutions will be available to Celo’s mission-aligned ecosystem of 1,000+ projects in over 150 countries. Dedicated to secure, interoperable, self-sovereign identities and credentials, Elastos will provide projects on Celo with W3C compliant decentralized identifier (DID) solutions, decentralized storage, and credibility scoring while dApps on Celo’s network will be made available through Elastos’ Essentials Super-Wallet.

Essentials has recently upgraded to provide native support for the Celo network allowing users to store, transfer, and manage CELO and Mento stable assets, and NFTs, while also providing access and use of dApps on Celo directly from the Essentials app browser with the ability to create custom widgets for use in the super dApp.

Some of the key benefits of this deployment will enable users on Celo to automatically create and manage self-sovereign DIDs with support for KYC, verifiable credentials, and personalized contact lists. Through Essentials, users will also be granted access to free decentralized cloud storage. As a native mobile super dApp, Essentials fits well with Celo’s mobile-first infrastructure and tech stack.

“For years, Celo has been leading Web3’s adoption in emerging markets through a platform that truly believes in the power of Web3 to provide greater global equity and inclusion,” says Fakhul Miah, Elastos’ global head of growth. “In many ways, we share a similar vision. For five years, Elastos has been quietly building a full suite of open source, decentralized technologies for identity, security, communication, data storage, and commerce to help foster the next generation of creative platforms, financial services, and business processes that allow true self-sovereignty and lets users forge their own digital destinies.”

Forthcoming applications of Elastos in the Celo ecosystem will also include bespoke DeFi solutions for individuals, enhanced DAO governance tooling, and will reward users for participating in circular economy models and climate action, such as carbon offsetting in a compliant and transparent manner.

“We look forward to continued collaboration with Elastos on decentralized identity solutions,” says Isha Varshney, Head of DeFi at the Celo Foundation. “A Web3 user’s identity is a key component of their overall experience and allows us to enable positive engagement throughout the Celo ecosystem.”

About Celo

Celo is a carbon-negative, permissionless, layer-1 blockchain with a rich ecosystem of global partners building innovative Web3 applications within the DeFi, ReFi, and NFT sectors on Celo. Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo Platform), the CELO native asset, and Mento stable assets (cUSD, cEUR, cREAL). Launched on Earth Day in 2020, the open source Celo mainnet supports 1,000+ projects by developers and also creators located around the world.

Website | Twitter

About Elastos

Elastos is a Web3 ecosystem powered by a suite of open-source, decentralized technologies for identity, security, communication, data storage, and commerce that give developers the hardware and also software tools to build decentralized applications from games to social platforms, DeFi, and marketplaces.

Website | Twitter

SOURCE: ELASTOS BLOG

REQUEST AN ARTICLE

The post Elastos Launches on Celo appeared first on Smart Liquidity Research.

Morfyus provides talent with the tools and resources to monetise their time and skills in both casual and skilled work in leading tech and web 3 projects. Through the collaboration, Morfyus intends to explore how Elastos’ open-source Web3 technology stack can support their efforts to build the next “upwork” for the Web3 industry. The preliminary partnership will examine the potential of implementing Elastos’ decentralized identifiers (DIDs), which could be used to support the empowerment of decentralized workforces, to organize and monetize their skills while maintaining trust and ensuring quality for customers and clients.

Through the partnership, Morfyus and Elastos agree to explore Elastos’ range of identity SDKS for single sign in and verified credentials, as well as identify if solutions such as the Elastos Identity Chain and Hive decentralized storage can support self-sovereign management of Morfyus’ community’s identities and credentials.

To further celebrate the partnership and the recent transition to its new Elastic Consensus, Elastos will collaborate with Mofyus’ NFT artists to create a limited NFT collection on the Elastos Smart Chain available through Elacity and Pasar marketplaces. More details will follow in the coming weeks.

“Morfyus is a community of innovators, creators, and entrepreneurs working together to democratize talent monetization and unlock scalable solutions for businesses,” says Johnny, CEO and Co-Founder of Morfyus. “We’re looking forward to learning more about Elastos’ suite of open-source, Web3 solutions, and how they could potentially provide us with the tools we need to ensure our platform benefits both the talent on our platform and the clients who hire them.” 

Morfyus – the future of work and play 

More about Morfyus:

By the Numbers

• 30 Team Members
• 75K Community Network
• 5,000 Builders, Creators, and Testers
• 3,000+ Daily Active Web 3 Gamers
• 100% Web 3 and Crypto Native

Morfyus services include:

• Community engagement and Moderation
• NFT Development
• Web3 and Metaverse Architecture
• Influencer and Streamer Marketing
• Tokenomics and Economy Design
• Design and Videography
• User acquisition & Adoption
• DA Players & Game Testers

“Elastos is growing rapidly after five years of quietly building out a fully-functioning open-source Web3 technology stack. Now we are snapping back and excited by this partnership as it works on multiple levels,” says Elastos Growth Officer, Fakhul Miah. “We’re excited to work with Morfyus to explore our technology as we explore how Morfyus, with the skills of its thousands of creators and developers, can support our ongoing growth.”

Website | Twitter

About Elastos

Elastos is a public blockchain project that integrates blockchain technology with a suite of reimagined platform components. To produce a Modern Internet infrastructure that provides intrinsic protection for privacy and also digital asset ownership. Fundamentally, they refer to a set of technologies that comprise a technical infrastructure.

Website | Twitter

SOURCE: ELASTOS BLOG

REQUEST AN ARTICLE

The post Morfyus and Elastos Partnership appeared first on Smart Liquidity Research.

Elastos is leveraging its own mechanism for securing user data, Decentralized Identity Solution, or DID, running on EID. DID represents a breakthrough alternative for large organizations to store and manage private data. Other key infrastructure components include decentralized storage (Hive), P2P network (Carrier), Connectivity SDK, Elastos Main Chain, and also Elastos Smart Contract Chain (ESC).

Developers can use the Elastos solution to deploy open-source dApps, such as peer-to-peer networks, decentralized data storage, or identity management solutions. At the same time, users can benefit from absolute ownership over digital assets. Including movies, books, music, and games, creating and transferring them without any middlemen.

At the moment, Elastos provides a set of Web3 solutions which includes:

• The Elastos Mainchain, a native independent public and open-source blockchain that is merged with Bitcoin and ensures the most secure blockchain in Web3.
• Elastos Smart Chain (ESC), an EVM-compatible blockchain with the ability to spin up infinite additional chains. It can also theoretically support an unlimited number of public and private side chains, each with its own consensus mechanisms.
• The Elastos Identity Chain (EID), the only blockchain that is dedicated to storing identities and credentials for every person on earth.
• The Elastic consensus mechanism which is made up of 3 components: Auxiliary Proof of Work (AuXPoW), Bonded Proof of Stake (BPoS), and Proof of Integrity (PoI)
• Decentralized Identity Solution that supports verifiable credentials
• Decentralized cloud storage solution called Hive
• Decentralized P2P carrier network called Carrier
• Decentralized Digital Rights Management offering for Web3

This strategic partnership is aimed to enrich the experience of Lifty users by providing access to the cutting-edge technologies developed by Elastos. More details will be provided separately in the future.

About Elastos

Elastos is a public blockchain project that integrates blockchain technology with a suite of reimagined platform components. To produce a Modern Internet infrastructure that provides intrinsic protection for privacy and also digital asset ownership. Fundamentally, they refer to a set of technologies that comprise a technical infrastructure.

Website | Twitter

About Lifty

Lifty.io is a Web3 gaming platform with transparent blockchain analytics for different Web3 games. Featuring number of active users, also their achievements, ROI, profits, etc. This data allows gamers to assess projects’ performance before joining a game. On top of that, players can easily track their personal statistics. And the activity of the most successful players in various games. Users can also participate in gaming tournaments, engage with the community, provide or get feedback on various games.

Website | Twitter

SOURCE: MEDIUM

REQUEST AN ARTICLE

The post Lifty.io and Elastos Strategic Partnership appeared first on Smart Liquidity Research.