Phenom Enters Into a Technical Partnership With Identity

You probably already know that our team has been working on the new project, Phenom Metaverse, for a few months now. And today is a prominent day in the history of this product. We’ll tell you why in a bit, but first, let us remind you what Phenom Metaverse is.

What is Phenom Metaverse?

Phenom Metaverse is a virtual universe that will consist of multiple tools and even systems with different opportunities within several industries. Users will be able to communicate, work, study, play games, and live in the advanced virtual world.

For easier and faster registration and further authentication in the Metaverse, Phenom will integrate Identity, a digital ID in the form of an NFT. For this reason, our companies have entered a strategic technical partnership that will benefit both parties and all our users.

What is Identity and how will it benefit Phenom?

Identity is the first KYC and authentication service powered by NFT blockchain technology. The project provides businesses with effortless KYC integration processes within minutes by enabling digital IDs.

Here is how Identity will benefit Phenom Metaverse and all ourusers.

• Four times lower KYC fees.
• Simple verification of the new users and authentication of the existing ones.
• Much faster registration process — the whole verification will take only one second, compared to the KYC procedure that might take days and even weeks.
• Simple and fast integration of the Identity digital IDs into any Phenom products.
• Higher security of user data and full transparency of the verification process.

For Identity, this partnership will bring over 45,000 new potential users from all over the world and a possibility to test the product in different environments.

How does it work?

With the help of Identity, Phenom Metaverse users will be able to sign up and log into the system much faster.

1. Users pass KYC with Identity and mint their digital IDs in the form of an IDTT NFT.
2. They verify their identity in Phenom Metaverse in just one second and can use all the possibilities of the platform right away.

Meanwhile, all user data is stored only in IDTT, which means Phenom doesn’t have any direct access to confidential information. This helps secure and protect user data, reducing the risks of data loss or falsification.

As for the technical part of the integration, it is very simple and straightforward. The Phenom team will integrate Identity API into the platform, and the whole verification process will take place via a browser plugin. It will be fully secure, fast, and convenient for all parties.

We’ll sure more news about Phenom Metaverse soon, so stay tuned!