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.”
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!