Verifiable Credentials (VCs) vs. Non-Fungible Tokens (NFTs): Understanding the Differences

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  • čas přidán 26. 02. 2023
  • VCs and NFTs both uniquely identify entities in the digital world, but they differ in their construction and application.
    NFTs represent ownership of digital assets or resources, whereas VCs represent factual details about the subject, whether it be an entity, organization, or individual.
    Exciting developments are happening in the Web3 social space, and to build the envisioned metaverse, it's important to have the necessary infrastructure and tools, including on-chain identity verification.
    And it's crucial not to be left behind in this movement.
    To learn more about the concept of Self-Sovereign Identity/Decentralized Identity powered by Blockchain technology, check out our first video, which gives you a brief overview of decentralized identity.
    Part 2 of the series on Decentralized Identity explains how Decentralized Identifiers, Verifiable credentials (VC), and blockchain tech are essential elements of Decentralized IDs.
    This video is Part 3 and helps to understand the differences between Verifiable Credentials (VCs) and Non-Fungible Tokens (NFTs).
    Part 1- Intro to Decentralized Identity
    Part 2- Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs)
    Part 3- Verifiable Credentials (VCs) vs. Non-Fungible Tokens (NFTs)
    Article on Decentralized Identity
    / decentralized-identity...
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