3dots | the 1st

A part of 3dots Ventures

[3dots | the 1st @3dots_vc]

Digital Identity in the Web3 Era - Has digital identity reached its final form? 🧵👇

[Delphi Digital @Delphi_Digital]

Since the inception of Delphi, research has been embedded into our DNA.

Today, we are excited to announce the Delphi Research Challenge–your chance to showcase your skills, win prizes and interview at Delphi!

Prizes and details on how to enter below.

[3dots | the 1st @3dots_vc]

Just unlocked my Gas ID via ETHGas 🪪

I'm a Teen Jack with 0.4088 ETH spent on gas since Beacon Chain - now fueling my climb to the Gasless Future and earned 120 Beans already.

Reveal yours at https://t.co/S6Sn8yvY7U

[3dots | the 1st @3dots_vc]

@itstiana98 T có dự phóng gì với mấy game tài chính mới có thể có ko Ti?

[3dots | the 1st @3dots_vc]

@itstiana98 Cày xong gặp mấy quả insider như @aPriori lại khổ 🥹

[3dots | the 1st @3dots_vc]

@HerondBrowser @Uniswap Nice to see the new partnership @Uniswap

[3dots | the 1st @3dots_vc]

@HerondBrowser Don’t mention it :v

[Bilee @bileelee_]

https://t.co/yNE47eU8Sx

[TEU @0x_TEU]

Agree with @Zup88

From a technical level, @EkuboProtocol offers the same capabilities as UniV4, most things UniV4 has, Ekubo has too. e.g. Hooks in UniV4 = Extensions in Ekubo.

On Ethereum, Ekubo EVM even edges out in some areas. Ekubo Contracts are hyper-optimized for both gas and capital efficiency, currently making Ekubo 20-30% cheaper than UniV4, while using ticks 100x smaller 🫡

@sendmoodz is so confident that he even mentioned Ekubo V2 Solidity contracts will be by far the cheapest AMM implementation on mainnet, planned for March 👀

At a high level, Ekubo is focused on sustainability, building and demonstrating valuable rails. I genuinely think this aspect of Ekubo is far ahead of Uni;

✅ Value Accumulation captured through withdrawal fees (aka protocol revenue).

✅Protocol revenue directly tied to the native token via fully on-chain DCA buybacks of $EKUBO, completely transparent and requiring no third-party intervention.

🔜Distribution is actively discussed and decided by the DAO.

✅Minimal Rent Extraction (e.g. no interface fees).

✅Decentralization & DAO Empowerment: Ekubo DAO is highly active 🔥, not because of extra incentives, but simply because it has real authority, and the community’s voice is heard 💪

[3dots | the 1st @3dots_vc]

25/ Every action a user takes contributes to shaping their digital identity. Improving identity-related infrastructure directly enhances user experience. While Web3 identity still faces challenges, it may also be the key to a new era of groundbreaking applications and innovation.

[3dots | the 1st @3dots_vc]

21/ Start from the root, Lukso establishes a unified standard for digital identity. Instead of competing for fragmented identity adoption, dApps can develop directly on Lukso’s standardized framework, eliminating the need for constant integrations across different platforms.

[3dots | the 1st @3dots_vc]

24/ Enhancing the value of identity can unlock new market opportunities such as under-collateralized lending. With access to open and verified data, Web3 identity has immense potential for expansion.

[3dots | the 1st @3dots_vc]

20/ Lukso introduces an advanced account system with features like:
- Adding readable and interactive metadata, accessible by smart contracts
- Granular access control, allowing users to grant restricted permissions
- Bundling, gas sponsorship, social log-in, and social recovery

[3dots | the 1st @3dots_vc]

Digital Identity in the Web3 Era - Has digital identity reached its final form? 🧵👇

[Delphi Digital @Delphi_Digital]

Since the inception of Delphi, research has been embedded into our DNA.

Today, we are excited to announce the Delphi Research Challenge–your chance to showcase your skills, win prizes and interview at Delphi!

Prizes and details on how to enter below.

[3dots | the 1st @3dots_vc]

19/There are also new infrastructures being developed.
@feindura, the creator of the ERC-20 and ERC-721 token standards, identified key limitations in Ethereum’s design and decided to develop @lukso_io blockchain with AA integration from the ground up.

[3dots | the 1st @3dots_vc]

18/ From the root
Ethereum is conducting a plan to enhance Web3 accounts by enabling advanced functionalities like:
- Bundling multiple actions into a single txs
- Allowing gas fees to be sponsored by another acc
- Empowering users to create sub-keys with restricted permissions

[3dots | the 1st @3dots_vc]

17/ This can enhance user experience to some extent, but these solutions still present significant challenges:
- Direct DID issuance projects lack user and project support.
- Competition among projects leads to fragmentation, where identities are limited to their ecosystems.

[3dots | the 1st @3dots_vc]

16/ Solutions at the surface level
Every piece of data a user provides contributes to their digital identity. Beyond general-purpose projects like storage solutions, oracles, general wallets, and indexing services, Web3 identity-focused solutions can be categorized as follows:

[3dots | the 1st @3dots_vc]

15/ The two main approaches to addressing the current challenges of Web3 identity include:
- Finding solutions at the surface level
- Start from the root

[3dots | the 1st @3dots_vc]

14/ While Web2 and Web3 identities differ in architecture, Web3 still faces inherent issues from Web2 alongside new challenges. This highlights potential areas for innovation and improvement in digital identity standards moving forward.

[3dots | the 1st @3dots_vc]

13/
- Ownership: Who obtains the Seed Phrase or Private Key has full control over the assets
- Limited representation of accounts: A wallet address only displays limited information
- Ecosystem lock-in: Data created on third-party identity services is only usable within their eco

[3dots | the 1st @3dots_vc]

12/ Disadvantages
- Lack of privacy & suboptimal for specific uses
- Gas fees & technical barriers
- Underutilized data: Lacks a universally accepted classification or evaluation system
- Fragmentation: Each blockchain tends to act as a separate database > same issues as Web2