Game Space invest $3 Million in KEY3.id, a Permanently Free DID Protocol
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November 7, 2022 – Game Space, the first GameFi as a Service (GaaS) platform in the industry, has announced a $3 million investment in the DID project - KEY3.id through its’ GameFi Future Fund. KEY3.id is a free to claim, permanently free to own, multi-chain enabled inclusive DID protocol, and advocates to provide a free and decentralized identity for every user who wants to enter Web3. The estimated value of KEY3.id project will be worth $50 million.
KEY3.id will go live with its’ first phase of domain names ending with .did on November 10th at 20:00 UTC and will offer a free to claim .did domain to all ENS holders who can use .did to store all addresses and receive any cryptocurrency, tokens or non-homogenized tokens.
During the pre-launch period, users can participate in the Early Bird campaign via Twitter to receive a badge and claim a .did domain with the same name based as their ENS Domain; ENS users can claim for free at the start of the launch, and later, all addresses can publicly claim any .did domain. Claim one .did domain name, users with multiple ENS Domains can increase their chances of claiming by inviting friends to claim.
DID is the foundation of the metaverse and Web3, and it is highly likely that DID will become the gateway to Web3 in the form of "smart contract accounts". With the combination of Web3's combinability and financial attributes, DID is rapidly iterating and will change the digital world. In the future, everyone will have their own set of DIDs that can pass through the entire Web3.
The existing naming system in Web3 is inadequate in terms of demand, where most DIDs require a purchase fee, Gas
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