Integration is simple, and there is no need for the artist or the marketplace to store any sensitive information in order to use the free version of the software. With its blockchain-based technology, Civic is concentrating on real-world applications for its customers. It provides companies with flexible identity verification technology and is currently building a system that will allow permissioned decentralized apps to help them comply with the quickly increasing regulatory compliance requirements in the marketplace.
To validate credentials, Civic makes advantage of the open-source, blockchain-based ecosystem developed by identity.com. Vinny Lingham and Jonathan Smith, serial entrepreneurs, co-founded Civic in 2015 as a platform for civic engagement.
“With the advent of NFTs, artists are enjoying their time right now,” said Chris Hart, CEO of Civic Technologies. “Bots are more than a nuisance; they are eroding the trust that communities have developed, as well as the future prospects of the people who created them. The fact that we are able to supply technologies that will assist them achieve more success at their auctions while also keeping their communities free of bots makes us very happy.”
Artists and merchants may get started with Ignite Pass on Solana right away by following the integration procedures provided by Civic Technologies. It is possible for NFT drops and mints to establish an equal and transparent community network by using Ignite Pass.
Upon entering the NFT mint drop or marketplace, buyers are directed to utilize Ignite Pass to finish their purchase. Only after completing the liveness verification process are they permitted to make their purchase. When it comes to building a strong NFT environment, trust and openness are essential factors.
Sharing their verified identify or a pseudonymous verified identity is another way for creators to create trust among their communities. A creator who joins the Verified by Civic Pass program has their identity verified and a trust seal issued, which they may subsequently distribute to their respective communities.
Civic has validated the identities of the creators of the Metasaurs by Dr. DMT project and the Flux Art Project, among other projects.
Having entered the market as an early inventor, Civic provides a unique on-chain solution for the DeFi and NFT industries that may help them comply with future regulatory requirements. Civic Pass provides additional completely integrated and automated controls that allow for real-time screening for KYC and AML regulations, in addition to the controls already in place.
Because an individual’s identification is confirmed just once and then dynamically validated, Civic Pass provides a quicker and more accurate verification process. Civic’s technology is powered by Identity.com’s unique identity verification environment and protocols, which are available only through Identity.com.
The Ignite Pass is well-positioned to assist innovators at a time when investment in non-financial technologies (NFTs) is seeing unprecedented growth. According to DappRadar, the NFT market produced more than $10.67 billion in trade volume in the third quarter of 2021, marking an incredible 704 percent rise from the previous quarter and a staggering 38,060 percent growth year-over-year.