Recently, Odaily learned that the on-chain identity protocol based on BSV (Bitcoin Satoshi Vision)MetaIDThe development company "Now Technology" has completed tens of millions of angel round financing. The leading investor is Jinghe Investment, a subsidiary of China Lantian, and two other institutions participated. Founder Feng Xinyu said that this round of financing will be used to strengthen basic research and development, set up a non-profit fund to promote the adoption of MetaID and expand the team.
It is understood that Jinghe Investment is an investment company with a state-owned background. Most of its previous investment cases were industrial projects. This time it is its first investment in the blockchain field.
According to the data, the current technology was established in 2019 and is positioned in the research and development of the underlying technology of the blockchain. The founder, Feng Xinyu, is a serial entrepreneur. He was the co-founder of Bingo Box, an unmanned retail company, and the co-founder of Zhidian Intelligence, an artificial intelligence company.
In terms of products, MetaID is an on-chain identity protocol based on Metanet, hoping to solve the problem that the world on the chain is isolated from each other and different public chains/products require different addresses and private keys.
What Metanet is to BSV can be understood as what Web3 is to Polkadot, carrying the vision of on-chain and decentralization. Most applications on the BSV chain are built based on this protocol.
MetaID currently supports users to use a private key to unlock applications that support MetaID. At the same time, the data of applications that choose MetaID can be interconnected, so as to break the dilemma of information islands.
In terms of application, the current technology has developed an on-chain Weibo based on the MetaID solutionShowBuzz, on-chain chat roomShowTalk, on-chain notebookShowNote, IM on the chainShow.svThese 4 data interconnected blockchain applications.
Founder Feng Xinyu believes that,The advantage of the MetaID project lies in its early exploration and first-mover advantage. Furthermore, it is based on the Bitcoin SV public chain, bringing a high-throughput, high-efficiency, and low-cost user experience to the application.
According to reports, Bitcoin SV, which adopts a large block expansion route, maximizes the performance of the public chain. Its mechanisms such as unlimited blocks and zero confirmation have allowed MetaID to pass the stress test of tens of thousands of TPS usage.
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ShowTalk product description page, interception time: November 9
On the track of distributed identity, the industrial blockchain has made many attempts, mostly in cooperation with the government or specific organizations, through distributed identity management, to reduce centralization risks and protect personal privacy.
In the field of public chain, in July this year,One-stop digital asset service platform HashKey Hub launches identity wallet HashKey Me. According to reports, it can provide solutions including the distributed identity protocol MeID and the identity wallet HashKey Me developed based on the protocol for multiple public chain ecosystems such as Ethereum and Polkadot. Users can generate digital identities with one click through HashKey Me. DeFi, DApp, Staking, voting, chain games and other applications and governance activities of mainstream public chains do not need to directly operate private keys throughout the process, ensuring the security and convenience of asset data to the greatest extent.
