Hernandez, according to Cointelegraph, underlined the necessity for users to have ownership over their identities and intellectual property through Universal Profiles during the interview. Hernandez also stressed the paradigm change from centralized platforms to a platform-exclusive sector.
Experts have talked about sovereign identity in relation to blockchain and cryptocurrencies, particularly in light of the purported growth in the creator’s economy. Given the existence of federated and centralized digital identities, self-sovereign digital identity is seen as a human right that may restore agency through blockchain.
According to Cointelegraph, Marjorie Hernandez, co-founder of LUKSO, and The Dematerialized met with non-fungible token (NFT) steez, a bi-weekly Twitter space hosted by Alyssa Exposito and Ray Salmond, to discuss blockchain-based identities in August.
Hernandez, according to Cointelegraph, stressed the need for users to have control over their identities in order to have control over their intellectual property through Universal Profiles during the interview. Hernandez also stressed the paradigm shift from centralized platforms to a platform-exclusive sector. Users may regain their identities and release their intellectual property in a way that is between creator and user thanks to Lukso’s integration of Universal Profiles.
Hernandez claims that the Universal Profile may be used as a person’s operating system (OS) to communicate, receive, and create assets in addition to allowing users to authenticate.
According to information provided by Cointelegraph, the relevance of identification in Web3.0 began to emerge with the emergence of two-dimensional (2D) profile photo (PFP) NFTs. Hernandez argued, however, that one may express one’s genuine personality through a digital world. Hernandez’s argument is based on the idea that blockchain-based identification offers people complete control over their data, identity, and intellectual property in addition to being verifiable.
In addition, Hernandez addressed the topic of becoming a co-creator to begin developing an ecosystem in response to a question about the norms that communities should uphold to guarantee that users aren’t treated as consumers and that self-sovereignty is respected.
