DFZ Labs, creator of Ethereum NFT Project DeadFellaz, launches a new asset verification tool that allows users to connect their online and offline assets without signing transactions or visiting websites.
ColdLink is currently in beta, allowing blockchain users to connect their blockchain addresses to Web2, Web3, or any asset in real life.
“ColdLink” is the secure connection of digital assets to other things without granting permission to the wallet that holds the assets,” said Betty, pseudonymous CEO of DFZ Labs. Decryption.
“Among many other features, ownership of digital assets can be recognized and rewarded in real life without complex Web3 infrastructure or development work,” they added.
The solution has been in work since 2022 when DFZ Labs began looking for ways to ensure that the community can access game development safely and securely without putting their assets at risk.
Unlock the use case
ColdLink allows users to unlock a variety of new blockchains and real-world connections.
For example, in order to earn rewards from the event organizer, you can connect a blockchain address to your PO box to receive physical items without revealing your identity, to receive physical items, to receive physical items, or to receive physical items.
Other products like Delegate.xyz offer users a way to protect their on-chain assets by linking their wallets, but Betty said Decryption That coldlink is more than a delegation and functions very differently.
“There is no smart contract interaction, no blind signature. We create a safer, faster, cheaper, more manipulable solution that can be plugged into existing infrastructure to solve many problems,” she said.
Instead, ColdLink links assets using unique transaction markers paired with database entries.
“ColdLink validation works essentially by pairing serialized unique tracer transactions with serialized unique database entries for each ColdLink submission,” she continues, adding that technology has been viable for a long time, but DFZ Labs will handle it first in this particular way.
For DFZ Labs CEOs, ColdLink is particularly useful for community participants like rare or expensive digital items that may have previously been reluctant to connect wallets, connect wallets to verify ownership of NFTs, or sign transactions.
“So far, we can activate communities that have casually failed to join her in anything that requires digital ownership,” Betty said. “This is especially useful if you own rare or expensive items, such as punk.”
“We’ve seen a massive participation in which collectors don’t want to connect their wallets to something or use the current delegation option, no matter how valuable or interesting it is,” they added.
ColdLink starts with a public load test that allows anyone with a Solana or Ethereum address to create a link to another Solana or Ethereum address on Coldlink.xyz. Creating a ColdLink requires a transaction to verify the address, so users can only create links from addresses they own. However, ColdLink creators can connect it to other assets.
“This means that no one can create a link from your wallet, but they can create a link to your wallet and essentially give out your access,” ColdLink CEO said. “This allows for actions such as making your friends access to your apes for parties that are not available to attend.”
New blockchains, applications, and link types, including offline assets, are expected to be rolled out and announced weekly, whilst over 150 top projects such as Punksdao, NFC Lisbon and others will be tested for advanced custom integrations in their products.
“Ownership of digital assets (both on-chain and off-chain) has been increasing exponentially in recent years, with online spending on digital assets being projected to continue to increase, particularly in gaming and fashion,” Betty said..
“Before ColdLink, there was no universally wallet agnostic way of agnosticism, moving through all the spaces we live in with digital assets that securely own every space we live in,” they added.
Edited by Sebastian Sinclair
