Tencent veterans secure $13M to build cross-chain decentralized identities

There is a host of startups working on decentralized identities for the next generation of the internet. Four Tencent veterans want their offering .bit, an identity protocol built on the blockchain, to become the universal identification system in web3 like how emails and phone numbers became ubiquitous in web2, while giving users control over their own data rather than letting it reside in the platforms they use.
.bit-powered identities come in the form of its namesake domain name. This is how it works: pick a .bit alias, link it up with the addresses of your crypto or NFT wallets that .bit c

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