STP Launches AWNS Web3 Identity Solution Using NFT-Owned Wallet

STP has introduced the official launch of its Autonomous Worlds Naming Service (AWNS), an progressive Web3 identification resolution constructed on the ERC-6551 token customary. Over 20 companions have already been onboarded throughout AWNS’ waitlist interval, together with gaming studios like Journey Gold and infrastructure suppliers like Biconomy.

AWNS goals to function a foundational identification part for Web3 and blockchain-based gaming. It options AWNS domains ending in .aw that combine customers into these decentralized environments. Moderately than simply associating usernames with wallets like ENS, AWNS takes identities a step additional by binding them to tokenbound accounts (TBAs).

These TBAs are NFTs powered by ERC-6551 that allow NFTs to have their very own wallets and maintain different digital belongings. The accounts can retailer belongings like crypto, NFTs, and different TBAs. This enables every identification to have its distinctive on-chain historical past and provenance.

The flexibleness of ERC-6551 and these tokenbound accounts opens up new potential functions and use circumstances. For instance, in gaming, characters can keep data of achievements and belongings throughout totally different platforms. AWNS additionally permits for a number of persona identities beneath one person.

For decentralized autonomous organizations (DAOs), AWNS streamlines participation and token airdrops. DAOs can set AWNS exercise situations for granting entry rights. Tokens will also be dropped on to AWNS account NFTs relatively than counting on complicated distribution strategies.