How Tokenproof Works
- Tokenproof works by issuing a verifiable credential that can be used as proof of ownership of an Ethereum account while the actual Ethereum wallet remains securely locked away, disconnected. The credential binds the Ethereum account to the user's mobile device.
- Users prove ownership of tokens via authentication facilitated through the use of the Tokenproof Mobile App.
- Verifiers use Tokenproof to verify users' ownership of tokens with the ability to define specific access policies (rules) for authentication. For example, an access policy may require a user to own a CryptoPunk or Bored Ape Yacht Club token to enter an exclusive event.
- Tokenproof has created the infrastructure and applications to support the needs of users and verifiers in both online and real-world scenarios.