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Home»NFT»STP launches AWNS Web3 identity solution using NFT-owned wallet
NFT

STP launches AWNS Web3 identity solution using NFT-owned wallet

2023-11-21No Comments2 Mins Read
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STP has announced the official launch of its Autonomous Worlds Naming Service (AWNS), an innovative Web3 identity solution built on the ERC-6551 token standard. There are already more than 20 partners on board during AWNS’ waitlist period, including gaming studios like Adventure Gold and infrastructure providers like Biconomy.

AWNS aims to serve as a foundational identity component for Web3 and blockchain-based gaming. It features AWNS domains ending in .aw that integrate users into these decentralized environments. Instead of just associating usernames with wallets like ENS, AWNS takes identities one step further by tying them to tokenbound accounts (TBAs).

These TBAs are NFTs powered by ERC-6551 which allows NFTs to have their own wallets and store other digital assets. The accounts can store assets such as crypto, NFTs and other TBAs. This allows each identity to have its unique history and origin in the chain.

The flexibility of ERC-6551 and these token-bound accounts open up new potential applications and use cases. In gaming, for example, characters can keep records of achievements and assets across platforms. AWNS also enables multiple persona identities under a single user.

For decentralized autonomous organizations (DAOs), AWNS streamlines participation and token airdrops. DAOs can set AWNS activity conditions to grant access rights. Tokens can also be dropped directly into NFTs from AWNS accounts instead of relying on complex distribution methods.

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AWNS Identity Launches NFTowned solution STP Wallet Web3
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