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Fractal

Fractal takes a unique approach specifically designed for the decentralized world of Web3. Founded in 2017, Fractal offers a comprehensive identity verification platform that caters to the specific needs of blockchain-based applications and crypto businesses.

Here's what sets Fractal apart:

  • Decentralized Identity (DID): Fractal leverages Decentralized Identities (DIDs) to empower users with control over their information. Unlike traditional KYC, where businesses hold all the data, DIDs allow users to manage their own identities and share specific attributes with different applications.

  • Focus on Web3 Integration: Fractal's platform seamlessly integrates with various Web3 ecosystems and protocols. This makes it easier for developers to incorporate KYC functionalities into their dApps (decentralized applications) without compromising on user experience.

  • Flexible KYC Levels: Fractal offers different levels of verification, ranging from basic to advanced. This allows businesses to choose the level of compliance that best suits their needs and risk tolerance.

  • Privacy-Preserving Verification: Fractal prioritizes user privacy. Their platform utilizes zero-knowledge proofs, a cryptographic technique that allows users to prove they possess certain attributes without revealing the underlying data itself.

  • Improved User Onboarding: Fractal's "Login with Fractal" feature streamlines the onboarding process for users. Similar to single sign-on in traditional applications, this eliminates the need for users to repeatedly go through KYC checks on different platforms.

  • Large User Base and Industry Partnerships: With a user base of nearly 1 million and collaborations with over 220 Web3 projects, Fractal has established itself as a leader in the space.

In conclusion, Fractal empowers businesses to navigate the complexities of Web3 identity verification while fostering trust and user privacy. Their innovative approach makes them a strong choice for businesses building decentralized applications and seeking seamless KYC solutions within the Web3 ecosystem.

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