Trust Stamp (NASDAQ:IDAI, EURONEXT:AIID) has announced that it is accepting applications for the MetaPresence Vault waitlist, allowing users to take the protection and management of their digital assets to the next level.
The company said its solution provides secure account credentials and private key storage, ensuring that personal wallets and digital asset keys are protected and accessible only to the user through their MetaSafe account, regardless platforms and service providers.
Trust Stamp CEO Gareth Genner said that with over $3.2 billion worth of crypto stolen in 2021 and around 20% of all Bitcoin permanently inaccessible due to lost credentials, private key protection is essential in the digital world.
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“The MetaPresence Vault takes digital asset protection and management to the next level with an interoperable utility within a larger cross-platform ecosystem to power a more unified decentralized landscape,” Genner said. “We believe this technology fills a significant unmet need in the financial industry as well as the growing markets of the consumer metaverse.”
According to Trust Stamp, individuals will be able to transact more freely in the metaverse through the improved utility of protected and interoperable access to their digital assets.
The company plans to provide the vault service through financial institutions, including US and international banks, in response to the growth in adoption of decentralized financial services.
Based in Atlanta, Trust Stamp is a provider of AI-powered identity services for a range of industries, including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services.
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