Cointelegraph.comIdentificationIdentity

SelfKey (KEY) gains 450% after DeFi pivot and data management upgrades

The rollout of new identity management platforms and a pivot toward DeFi appear to have triggered a 450% in the price of SelfKey.
Data has become one of the most valuable resources on the planet and its analysis, collection and monetization have helped companies like Google and Facebook achieve blue-chip status in the eyes of investors. With monetization comes risk and privacy protection is one of the biggest challenges companies and data producers face. One cryptocurrency project that focuses on helping individuals and companies manage personal data is SelfKey (KEY), a blockchain-based identity platform that seeks to revolutionize the KYC process and embody the ethos of Self-Sovereign Identity. Data from Cointelegraph Markets and Tradingview shows that the price of KEY has vaulted 470% over the past month, climbing from a low of $0.00495 on Feb. 17 to a high of $0.0283 on March 20 as trading volume surged 450% in 24 hours. KEY/USDT 4-hour chart. Source: TradingViewAs blockchain technology gains mainstream adoption, the need for ways to secure and transmit identity information becomes increasingly important, and recent developments for the SelfKey project could possibly have it become one of the frontrunners in providing relevant tools for the cryptocurrency community. SelfKey enters the DeFi arenaTrading activity and community excitement began picking up in early February when the project began discussing the SelfKey Exchange Marketplace, also known as KeyFi, a DeFi platform with a focus on protecting user data. On Feb. 18, SelfKey announced the successful completion of an airdrop to users who had completed the KeyFi platform credentials verification …
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