<img src=\" News. “Over the years, we have built a KYC infrastructure unlike any other in the industry, and got a powerful distribution. Now, with this collaboration with Privado ID’s advanced framework, we are providing a scalable and secure solution that addresses the critical need for reliable identity verification in Web3,” Agarwal added.
Transak stated that traditionally, projects have found it difficult to distinguish between wallet holders, often encountering issues with reward distribution, such as airdrop farming where individuals exploit multiple wallets to gain unfair benefits. By employing Proof of Uniqueness, projects can accurately target humans rather than just wallets for their airdrop campaigns. The partnership aims to open new opportunities for decentralized applications, forthcoming decentralized finance protocols, and innovative blockchain scaling solutions.
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