Sovereign identity has actually been a hot topic in blockchain and cryptocurrency, especially with the rise of the creator economy. Presently, there are 2 types of digital identities. The first is federated and centralized, where information remains in the control of the service provider, while the second is self-sovereign digital identity. The later is frequently cited as a human right that can recover agency utilizing blockchain technology, but what structures exist that aid in governing it?

NFT Steez and Lukso co-founder examine the implications of digital self-sovereignty in Web3

On this episode of NFT Steez, co-hosts Ray Salmond and Alyssa Exposito meet with Marjorie Hernandez, the co-founder of Lukso and The Dematerialized, to go over the state of blockchain-based identities and “Universal Profiles.” According to Hernandez, “whatever will have a digital identity” in the future

Onboarding into the digital realm should be frictionless for sovereign Universal Profiles

Throughout the interview, Hernandez discussed the paradigm shift between central platforms to a more “platformless future” and worried that users need to be in control of their identities and creation on more “agnostic platforms” where they can own their copyright through Universal Profiles.Lukso’s integration

of Universal Profiles enables users and creators to recover their identities and provide their copyright in a symbiotic manner in between developer and user. According to Hernandez, the Universal Profile can be seen as a personal os where one can verify themselves however also send out, get and develop assets.As Hernandez puts it, Universal Profiles are:”A Swiss Army-type tool that is serving so many functions for

the user. “Related: Web3 is essential for information sovereignty in the metaverse Blockchain-based identities in Web3 Not surprisingly, the emphasis on identity within Web3 began to trigger up again when 2D profile-picture NFTs began to emerge. This surge was framed as a means to represent and determine

oneself, along with a flex, or an expression of ego. For some, their physical and social identities were traded for their freshly adopted digital avatars.However, Hernandez argued that while some view digital as masking one’s real self, individuals will be emboldened”to move beyond these predispositions”and express their” true genuine self”in a” decentralized digital environment.” The basis of Hernandez’s thesis is that blockchain-based identity is not only verifiable but provides users 100 %control of their data, identity and IP.When asked by a listener what communities should be doing to ensure the requirements surrounding self-sovereignty which users are no longer”

customers “however active co-participants in the community, Hernandez merely kept in mind:”I think it’s just being co-creator, right? And you begin developing with it. “To hear more on this conversation, make certain sure to listen to the complete episode of NFT Steez on the brand-new Pandoraland Podcasts page or on Spotify, Apple Podcasts, Google Podcasts or TuneIn.