CyberDudeBivash ThreatWire – 43rd Edition The Role of NFTs in Building a Decentralized Identity By CyberDudeBivash | cyberdudebivash.com | cyberbivash.blogspot.com
Introduction – Beyond Digital Art: NFTs as Identity Anchors Non-Fungible Tokens (NFTs) surged into mainstream headlines for digital art sales, PFPs, and speculative hype . But the real power of NFTs lies far beyond JPGs — they can form the backbone of Decentralized Identity (DID) in the Web3 world. In this ThreatWire edition, CyberDudeBivash breaks down how NFTs evolve into self-sovereign identity tools , their security implications , and how businesses can leverage them while avoiding risks. The Concept of Decentralized Identity Traditional Web2 identity is centralized — Google, Facebook, or banks act as identity providers . They control credentials, dictate access, and remain single points of failure. Web3 introduces Decentralized Identity (DID) , where users: Control their identifiers (wallets, DIDs). Own their credentials (NFTs, verifiable credentials). Selectively disclose proof (zero-knowledge proofs). NFTs play a critical role here: your NFT b...
