
Polygon ID has officially spun out from Polygon Labs to form Privado ID, a new entity focused on the digital identity market. Privado ID aims to address the growing concerns of AI-generated misinformation by providing secure, self-sovereign digital identity solutions, targeting the banking industry. The move comes as the digital identity market is projected to reach $101 billion.
.@Privado_ID spins off from Polygon Labs to target $101B digital identity market https://t.co/fWLP3TkCSp
OFFICIAL ANNOUNCEMENT ๐ข Polygon ID spins out as Privado ID to scale secure, self-sovereign digital identity in the era of AI-driven misinformation Welcome to Unified Data ๐ [๐งตA Thread]: https://t.co/eV5rI3J0sG
Digital #ID Startup Spins off From #Polygon Labs, Targets Banking Industry, Aims to Mitigate #AI-Generated Misinformation Risks #NewsBytes https://t.co/t85MnFnvXh
