Many crypto projects are launched monthly, offering new solutions in various sectors. However, very few are as distinct as Lifeform, a decentralized ID (DID) solution focused on integrating human-like avatars as authentication credentials, while offering multiple solutions spanning user identity, asset management, and social interaction.

What is Lifeform?

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Lifeform is a cutting-edge Decentralized ID solution designed to simplify digital identity management and make it universally accessible. It aims to replace the traditional username and password system with animated virtual human avatars as authentication credentials. These avatars serve as unique online identities and allow users to engage seamlessly across different digital platforms, from web2 video-enabled collaboration systems to web3 dApps.

Lifeform empowers users with hyperrealistic 3D avatars and visual decentralized identities (DIDs), offering a seamless transition from web2 to web3 environments. These avatars can be used in popular video collaboration systems like Zoom, Google Meet, and Microsoft Teams, as well as social media platforms such as TikTok and Instagram. At the same time, they also function as users’ logins for dApps in the web3 ecosystem, providing a unique and immersive way for users to identify themselves.

Users can utilize the Virtual Human Editor provided by Lifeform to create and manage their digital identities. Lifeform stores these digital identities as NFTs across multiple blockchains, ensuring security and accessibility across various digital services.

History of Lifeform

In 2022, Brian Hirsh, the founder/CEO of Brightwood, a hospitality industry SaaS platform, and Lily Fang, formerly the marketing director at Bithumb, launched Lifeform. Other founding team members include Kevin Che, the Chief Technology Officer and former head of product and development at Wanxiang Labs, and Jonathan Bacheter, the 3D Modeling Director.

Over several funding rounds, Lifeform received significant support from key stakeholders in the crypto industry, raising up to $5 million in funding and valuing the company at $100 million. The round was led by GeekCartel and participated in by KuCoin Labs, DHVC, SevenX Ventures, Foresight Ventures, and K24 Ventures.

How Does Lifeform Work?

Lifeform allows users to manage their assets across different chains and domains while maintaining the privacy of their wallet activities. This means users can benefit from using various chains without proving their ownership of assets or on-chain activities on specific chains.

For example, even if a user holds a non-fungible token (NFT) on the Bitcoin chain, they can still receive airdrops from the Ethereum chain. Furthermore, Lifeform allows users holding a specific NFT to be eligible for participation in other acquisition projects and airdrops within the Lifeform ecosystem.

One of the key features of Lifeform is its Virtual Human Editor tool, the first virtual Decentralized Identifier (DID) solution integrated with Unreal Engine 5 (UE5), a leading platform for game development and special effects. This tool enables users to create incredibly realistic virtual avatars with over 10 billion combinations of facial and body details. These avatars are then saved as cross-blockchain NFTs, safely storing the user’s decentralized identification information.

These NFT avatars also serve as a unified identification system for accessing various metaverse worlds and GameFi apps. A one-click plugin allows users to use their avatars in videos, Zoom meetings, and TikTok posts.

Main Features of Lifeform

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Lifeform offers many innovative features, some of which include:

Avatar ID

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AvatarID provides hyper-realistic 3D avatars as NFT-based digital identities accessible on both Web3 and traditional Web2 platforms. With Lifeform, users can easily create virtual identities using MPC (Multi-Party Computation) or zero-knowledge proofs, enabling seamless access to the Web3 ecosystem. These virtual DIDs (Decentralized Identifiers) can also be linked to crypto wallets and integrated with various dApps, solving social identity recognition challenges.

Lifeform Universal Domain

Lifeform offers a .btc suffix to enable users to generate easily recognizable blockchain domain names. It is the first of its kind and is integrated with various blockchain networks like Ethereum, Binance, Solana, etc. As such, .eth, .sol, .bnb, and .arb domain holders can register a corresponding .btc domain name for free.

The project also integrated with Polyhedra Network to create a .btc domain SDK, which makes domain ownership more accessible via decentralized domains that integrate multiple blockchain addresses using Polyhedra Network’s interoperability.

Live-to-Earn System

The Live-to-Earn system is a project currently under development that will provide an avatar-based, gamified environment that integrates real-life actions. As such, it gives users the opportunity to earn while they engage in leisure and daily activities.

Lifeform Ecosystem

Lifeform is home to a wide array of products solving various problems. These include:

Lifeform Market

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The Lifeform Market caters specifically to users seeking to acquire and trade key components of their digital identity within Lifeform. This includes the buying and selling of Lifeform Avatars and Cartoons, both of which function as non-fungible tokens (NFTs). These NFTs act as foundational elements, allowing users to express themselves and create a unique digital persona.

Lifeform SDK

Lifeform offers its powerful SDK to empower dApps to enhance their functionalities and performance. Developers can use the SDK to seamlessly integrate virtual human models into various applications, games, and metaverses, significantly improving user interaction.

Lifeform also offers customized SDK development services to clients, allowing them to customize SDKs to meet their requirements. For example, when a client integrates Avatar 3D models into another metaverse, these 3D models will no longer remain stationary avatars. They can move around and interact with other digital entities within the metaverse. This approach will allow game developers to provide users with more immersive experiences within the metaverse.

DecentraShield

DecentraShield is a decentralized naming service that is an alternative to centralized Web2 domain systems and ensures user autonomy in the digital realm. It is a privacy-focused, censorship-resistant solution that uses AI for enhanced security measures to detect potential phishing or scam activities.

LifeMesh API

LifeMesh API is a set of tools that enable tracking and identifying domain names across different blockchain networks. It aims to improve the process of transferring funds between wallets and provides secure interfaces for making transactions based on domain names instead of long contact addresses.

Lifeform Space

Lifeform Space is a User-Decentralized Identifier (UDID) dedicated to domain name accounts. It offers domain ownership and asset management, stores invitation records and on-chain activity, and provides a dedicated space to display digital assets and connect with other users.

The Lifeform space is a personalized dashboard for the user’s digital existence. It provides insights into their domain ownership, transaction history, and on-chain activity. It also functions as a social space, allowing users to showcase their digital assets and collections and even featuring instant messaging, similar to social media platforms like X.

A key advantage of this domain-centric approach is that all points, invitation records, and on-chain activity are linked to the domain name. This creates a distinctive identity that appreciates in value as you acquire more assets within the Lifeform world, thereby enhancing the worth of the domain name.

EaseLink

EaseLink converts complex addresses into memorable names, simplifying blockchain usage and improving user experience. The platform also analyzes cross-chain activity to provide personalized recommendations, thus enhancing the web3 experience by facilitating user discovery and engagement with a broader ecosystem.

What is LFT?

LFT (formerly known as Lifebound Token LBT) is the native utility token of the Lifeform ecosystem, serving multiple functions such as minting avatars, staking, and unlocking limited accessories on Lifeform. LFT token holders can also mint limited edition Life Avatar Poap NFTs (up to 1000), which can be used to mint more avatars.

LFT Tokenomics

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LFT has a total supply of 1 billion tokens, a market cap of $5,025,734, and a current circulating supply of 120 million tokens. The token was distributed as follows:

• 5% was allocated for airdrops
• 3% was set aside for IEO Marketing
• 26.67% was allotted to investors
• 3% went to market makers
• 30% was reserved for the ecosystem
• 10.33% was allocated to the Foundation
• 12% was reserved for the Lifeform team
• 5% was set aside for marketing
• 3.5% was kept in a reserve fund
• 1.5% was kept for the IEO

News on Lifeform

On May 28, 2024, Lifeform announced the launch of its official staking program. The program allows users to select from flexible fixed terms of 7 days, 30 days, or 180 days, which come with competitive APR rates of 25%, 40%, and 50% respectively.

Is Lifeform a Good Investment?

Lifeform brings a new approach to decentralized identity solutions to life. It allows users to mint NFTs and create realistic avatars that they can use across different blockchains. However, as interesting as the project may be, it is important to note how volatile the crypto market is. As such, it may be best to do adequate research or consult a qualified financial professional before investing in any crypto project.