There might be a lot that human beings can do well, and yet there is nothing we do better than growing on a consistent basis. This progressive tendency, on our part, has already got us to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real-world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the goods. The same has turned more and more evident in recent times, and assuming a newly-launched concept works out just like we envision, it will only put that trend on a higher pedestal moving forward.
SELF, a new-age, web3 platform, has officially launched a utility NFT project, which is designed to reinvent the way people use cryptocurrency on a holistic, as well as granular level. According to certain reports, the stated project will help SELF in providing a wide assortment of offerings, including @username registration, a web wallet, a bridge, and a dedicated staking platform. Beyond that, the company will also be looking to deliver at your disposal a marketplace for resales, avatar addition, AI applications, and more. Notably enough, these products, along with all the transactions that might be conducted on the platform, will be completely on-chain and decentralized. This means the user can be assured that SELF won’t have the necessary access to modify any data contained within an NFT or transfer it to another address. Instead, right from the moment they buy a SELF identity and have their NFT minted, the user gains a rather exclusive ownership of the asset, thus allowing them to hold, use, sell or transfer the NFT at their discretion. Staying on the stated user-centric theme, SELF’s @username feature demands an expanded mention of its own here. You see, this product was specifically constructed around eliminating long address strings so to make crypto transactions simpler and quicker by a considerable margin.
Another detail we must acknowledge is how, unlike many of its direct competitors, SELF’s technology is able to integrate with any Defi or CEX wallets, something that instantly bolsters its commercial prospects. Moving on to the company’s staking prowess, it is displayed through a specialized platform, which has its APR adjusted based on the number of tokens in the staking pool. So far, SELF has completed two presales alongside GemPad, and there it raised a total of USD 379,500, with both selling out in less than eight hours.
Talk about the proverbial SELF-identities, they are basically NFTs that use the ERC721 standard, which empower the user to transfer their registered identities to other addresses under their control or sell them to third parties. From what we know, this NFT solution will likely run on the Polygon (MATIC) network and also include other non-EVM chain processing.
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