Polygon is announcing the release of its open-source launch of the decentralized ID service known as Polygon ID. Numerous enhancements accompany this release for developers.
Ethereum layer-2 scaling solution Polygon (MATIC) has unveiled its open-source implementation of Polygon ID, its decentralized identity solution, unlocking several crucial user features.
It is worth noting that the initial release of Polygon ID was released in March. The team proclaimed it an option that lets users effortlessly authenticate their identities and pass the know-your-customer (KYC) processes without divulging their details or sensitive information, thanks to their zero-knowledge proof.
In a blog entry by the Polygon ID team of the open-source Polygon ID adds four new tools to the existing platform for Web3 developers and users of dApps that include Verifier SDK (for verifiers) as well as Issuer Node (for issuers), Wallet SDK (for wallet builders) as well as Wallet App (for developers and users).
Despite having to lay off 20% of its staff in February because of unfavorable market conditions, The Polygon project has remained among the top effective Ethereum layer-2 scaling options that have attracted a multitude of adopters from different areas in the Web3 economy since its inception on the market in 2017.
In January. Rarible, the new Non-Futurible Tokens (NFTs) marketplace called Rarible, was launched within the Polygon chain, which allowed its customers to mint polygon-based collectibles digitally. In February, Shemaroo, India’s entertainment and media giant, joined Polygon to start its NFT marketplace called Virtasy.io.
As of the article’s writing time, the cost of Polygon’s native MATIC token has dropped by 2.9 percent in the 24 hours and hovers between $1.22 and $1.22, According to Coingecko.
