@thunder12rogue

Decentralized Identity (DID) protocols are surging in Web3 as of March 11, 2025, empowering users to control their digital identities via blockchain. Key applications include secure authentication for DeFi (e.g., wallet logins), NFT ownership verification, and privacy-preserving KYC for dApps. The market could reach $10 billion by 2030, driven by demand for self-sovereignty and interoperability. Projects like Civic, offering identity verification with Civic Pass, and ENS, simplifying Ethereum addresses (e.g., alice.eth), lead the charge. Risks include regulatory hurdles and adoption pace. Invest in Civic for privacy-focused utility and ENS for its established ecosystem, diversifying to mitigate volatility.

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