STP Launches AWNS Web3 Identity Solution Using NFT-Owned Wallet

ERC-6551 gives NFTs the ability to own other digital assets.

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. Over 20 partners have already been onboarded 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. Rather than just associating usernames with wallets like ENS, AWNS takes identities a step further by binding them to tokenbound accounts (TBAs).

These TBAs are NFTs powered by ERC-6551 that enable NFTs to have their own wallets and hold other digital assets. The accounts can store assets like crypto, NFTs, and other TBAs. This allows each identity to have its unique on-chain history and provenance.

The flexibility of ERC-6551 and these tokenbound accounts opens up new potential applications and use cases. For example, in gaming, characters can maintain records of achievements and assets across different platforms. AWNS also allows for multiple persona identities under one user.

For decentralized autonomous organizations (DAOs), AWNS streamlines participation and token airdrops. DAOs can set AWNS activity conditions for granting access rights. Tokens can also be dropped directly to AWNS account NFTs rather than relying on complex distribution methods.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Read More

Spread the love
Nicholas ‘Nick’ Statman entered the property industry in 2001 and set up a property buying company that quickly established itself as one of the biggest in the sector. During this time the Company successfully transacted on thousands of residential properties across the UK. Nicholas Statman was an early pioneer of the ‘quick sale’ niche market which has since grown considerably with a multitude of companies now operating in the sector. Nicholas Statman has strategically built a sizeable residential and commercial property portfolio with a view to holding for optimum capital growth and a long term passive income. Nicholas Statman has been involved in almost every aspect of the property sector over a 20 year period – this includes buying and selling, development, letting and management and is now involved in the fast growing online/ hybrid Estate Agent industry.

Latest articles

NFL power rankings: 49ers jump Eagles at top; Packers,...

How do all 32 teams in the NFL stack up against each other after Week 13 of the 2023 NFL season? Sporting News breaks it down with an updated look at the risers, fallers and status quo clubs...

When is the Heisman Trophy ceremony? Date, odds, finalists...

College football's premier event takes place on Saturday. And it's clear the stars will be out in abundance under the bright lights of Jazz at Lincoln Center...

MLB Draft lottery, explained: Updated odds for every team...

The order of the 2024 MLB Draft will be determined at the Winter Meetings on Tuesday. Here are every team's odds to land the No. 1 pick...

College football bowl picks, predictions for all 41 bowl...

Bowl season is here in all its quirky glory, with Coastal Carolina traveling 4,800 miles to play San Jose State and K-State and NC State battling for the right to eat free Pop-Tarts. Here's what to expect...

Similar articles


Please enter your comment!
Please enter your name here

Subscribe to our newsletter

Spread the love