Manson Ndubuisi
8 min readJan 20, 2023

--

MASA FINANCE- A UNIQUE, AND RELIABLE BLOCKCHAIN-BASED PLATFORM THAT PROVIDES INNOVATIVE SOLUTIONS TO THE CHALLENGES FACING THE WEB3 SPACE

The inception of blockchain technology has given rise to several innovations that lean towards improving the global industries and economy, as well as making the world at large a better place to live in. Through the help of this cutting-edge technology and its disruptive ability, Web3 has been created to allow users to own their data, thereby putting an end to the challenges faced by Web2 where users' data and contents are centralized in a small group of companies. Unlike in the Web2 world, Web3 (an idea for a new iteration of the World Wide Web) integrates unique concepts such as blockchain, token-based economy, and decentralization.

As a decentralized online ecosystem that is based on blockchain technology, Web3 also embraces the cryptocurrency ethos and it is built or created to be trustless, permissionless, and open to all irrespective of users' location. It is the concept of Web3 that makes both smart contracts and Defi (Decentralized Finance) possible. As we already know, Defi has made it easier for people to have control over their funds and personal data by making the global financial system more decentralized and putting users' private data into their (users) hands, which is in contrast to the traditional financial system, where users funds and private data are being managed and controlled by a group of people due to its centralized nature.

Although the Web3 space has enjoyed a great rise in popularity in recent years, trust and authenticity remain the challenges that are hindering the mass adoption of Web3. But the good news is that MASA FINANCE which is a world-class blockchain-based platform has come to make the Web3 world more reliable, and interesting by providing powerful innovative solutions through its Soulbound tokens (SBTs) that will allow users to build and share their authentic identity on-chain. This will not only revolutionize the Web3 space but will also bring an end to this problem of trust and authenticity.

MASA FINANCE- REVOLUTIONIZING THE WEB3 SPACE TO ALLOW USERS TO UNLOCK UNLIMITED ACCESS TO CREDIT AND INNOVATIVE FINANCIAL PRODUCTS GLOBALLY

MASA FINANCE is an exceptional Web3 Soulbound identity that enables users to unlock seamless access to decentralized credit and financial products globally. As the standardized protocol for Web3 identity, MASA FINANCE is focused on bringing the next one billion people to the Web3 world. This is achieved by creating and building a financial system that is more equitable and with the potential to unlock choice and several innovative opportunities for billions of people. And this will go a long way to speed up the mass adoption of the Web3 space.

Despite building a truly decentralized credit bureau that will bring thousands of Web3 and Web2 data sources together as well as provide businesses, individuals, and developers with amazing financial tools that will enable them to access credit on-chain, MASA FINANCE in its desire for a better Web3 ecosystem realized the need for a standardized Web3 identity protocol that will easily aggregate, attribute, and at the same time permission (credit) data on-chain. With MASA Soulbound identity, which is now the first EVM-based soulbound identity protocol globally, all these are now very much possible.

It is important to understand that MASA Soulbound identity is the world's first Soulbound Token identity protocol. The Soulbound Token (SBT) is created to be the interaction between MASA FINANCE's unique identities, and technology, it also represents how Web3 users can interact within a decentralized society. One thing about the SBTs is that they are visible to the public, and non-transferable, in addition to that, the Soulbound Tokens are NFTs that serve as a Web3 user's identity that is inherently tied to their real owners. MASA provides a composable, user-friendly, and privacy-preserving way for users to manage on-chain identity which is what Web3 needs to onboard the next billion users.

MASA FINANCE- A WORLD-CLASS PLATFORM THAT IS CURRENTLY PAVING THE WAY FOR THE FIRST STANDARDIZED SOULBOUND IDENTITY PROTOCOL IN WEB3

Identity plays an important role in Web3, it is arguably the backbone of Web3. One of the advantages of identity on the blockchain is that it offers powerful interoperability opportunities in the Web3 space. Web3 also provides a key opportunity in the identity space which is the ability to interact with users' blockchain data. The MASA Soulbound Token represents the soul of a user’s identity in Web3, and all the attributes of the user’s Soulbound Identity can easily be linked and resolved through the user’s MASA Identity (SBT). It is no news that Soulbound Tokens bridge the gap between the activities of users, their personal information, authentication, as well as permissioned sharing.

MASA FINANCE is the first platform to build effective bridges that will support billions of people all over the world to freely access the new Web3 economy through Soulbound Identity. Apart from paving the way for the first standardized soulbound identity protocol in Web3, MASA is also committed to empowering users and developers with Soulbound Identities across the globe, thereby laying the bricks or foundation for a future decentralized society. The aim of the MASA Soulbound Identity as the future of Web3 is to become the Web3 user’s digital passport for decentralized applications (DApps), decentralized finance (DeFi), games, etc.

As MASA FINANCE is gearing towards a completely decentralized society, users will have a .soul name in the form of masa. the soul which will be their Pseudonymous or alias name. This unique name will be used to represent users' MASA Soulbound Identity which is a domain for their Web3 identity. MASA provides many financial opportunities to its users all over the world, allowing users with MASA Soulbound Identity to apply for a Defi loan, and vote in a Decentralized Autonomous Organization (DAO) as an authenticated user. Also, they can build an in-game reputation and will be able to join an NFT as an authenticated user, etc.

As a world-class and highly secured Web3 premier soulbound identity protocol, MASA FINANCE aims to become the Soulbound Token infrastructure that will power identity for the next generation of Web3-based projects.

WHAT MAKES MASA FINANCE AN EXCEPTIONAL WEB3 IDENTITY PLATFORM

MASA in all ramifications offers amazing opportunities to its users. Which include:

  • MINTING OF SOULBOUND IDENTITY: Users will be able to mint their MASA Soulbound Identity which is the first Soulbound Token NFT (Non-Fungible Token). They can mint their unique .soul name NFT, and trade them on an NFT marketplace like OpenSea if they want.
  • GENERATE A PERFECT WEB3 DECENTRALIZED CREDIT REPORT: With MASA, users can mint NFT credit reports that have many attributes linked to off-chain and on-chain data sources to which they are connected to.
  • SHARING DATA ANONYMOUSLY THROUGH MASA PRIVACY PROTOCOL: MASA protocol provides users with the opportunity to share data anonymously because of its zero-knowledge privacy layer which allows financial data to be shared privately and securely with a developer or lenders.
  • UNLOCK AND ACCESS WEB3 USE CASES: MASA enables users to unlock the endless potential of Web3 Identity. Users with a .soul name will be able to unlock use cases from MASA’s ecosystem of developers as well as partners.

REASONS WHY EVERYONE SHOULD BE PART OF THE MASA FINANCE

Being part of the MASA FINANCE movement is the easiest way of contributing to one of the highly secured and innovative Defi projects in the Web3 space, which is presently redefining finance and lending globally. Joining MASA will help people to discover and maximize their rare extraordinary talents, enabling them to work in flow within their unique zone of genius.

Furthermore, MASA will empower those who join this innovative movement, by helping them to design and live their dream work life and at the same time work with other rare exceptional individuals that share the same values.

CONCLUSION

MASA is the future of Web3, and the SBTs can be used to represent users' attributes in Web3 as well as in the real world. MASA is enhanced with a full protocol-level abstraction that will allow the complete management, attribution, and permission of the SBTs. Unlike other platforms, MASA FINANCE which is now the best remote-first employer in Web3 ensures that all the metadata attributed to a soulbound token is encrypted so that it can be accessed only with permission from the owner of the identity through the MASA Protocol.

Web3 wallets which have been making waves in recent years have become indispensable tools that unlock decentralized finance. But the lack of Web3 identity leads to risks as a result of the inability to verify the authenticity of users. MASA Soulbound Identity through its innovative vision and protocol solves this problem by bridging the gap between users' wallet addresses and their identities, above all, it protects users' privacy and ensures that they maintain autonomy, and have total control. Users' .soul name which is a unique name is the best and most reliable domain name for users' digital identity in Web3.

MASA FINANCE by aggregating off-chain and on-chain data into non-fungible credit reports gives developers as well as lenders access to financial tools needed to evaluate borrowers' risk and still launch lending products for businesses, startups, and individuals globally. Without any doubt, digital identity, and in particular the MASA Soulbound Identity is the key to enabling Web3 as it is about data privacy and decentralization. With MASA, users can use their .soul name to unlock several amazing Web3 use cases such as Defi Loans, GameFi Applications, Proof-of-identity for DAO governance voting and Web3 KYC (Know Your Customer), and Identity Verification. MASA is the Web3 future and must be embraced by all.

USEFUL LINKS

Website

Telegram

Twitter

Discord

Medium

Reddit

GitHub

WRITER’S INFORMATION

Writer: Mansonndubuisi

Bitcointalk Useename: Mandez4real

Proof Of Authentication

--

--

Manson Ndubuisi

I am a crypto writer and a blockchain technology enthusiast. Here is my homepage link, https://mansonndubuisi.medium.com/