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  • Writer's pictureLost Midas

Holograph Use Case: Omnichain Identity

Holograph unlocks entirely new use cases for NFTs. Let’s explore an example.

In a recent paper called “Decentralized Society: Finding Web3’s Soul,” Vitalik Buterin, Glen Weyl, and Puja Ohlhaver introduce the concept of “Soulbound NFTs” (SBTs for short).

SBTs are “publicly visible, non-transferable tokens.”

leoglisic.eth tweet

Multichain Identity refers to SBTs that act as a user’s identity across multiple chains.

Simply put:

  • Create an Omnichain Identity

  • Earn reputation through ecosystem actions across multiple chains

Here’s an example:

  • Mint omnichain SBT

  • Earn reputation on Ethereum by attending an event, voting on a DAO proposal, or collecting a rare NFT

  • Bridge omnichain SBT to BSC

  • Use omnichain SBT reputation to access a whitelist for a new NFT drop

Currently, web3 identity is akin to a driver’s license (aka an Ethereum NFT). It allows you to travel in your home country (aka Ethereum), but it doesn’t allow you to travel to a different country (aka BSC).

Omnichain Identity is akin to a passport (aka omnichain SBT). It allows you to travel to multiple countries across the world (aka the metaverse).

Omnichain Identity will enable holders to use one reputation across multiple chains, without having to build a new one on each chain.

Thanks for reading and make sure to keep in touch!

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