Why You Shouldn’t Wait to Claim Your Web3 Digital Identity

Web3 blockchains are revolutionizing the world as we know it. Slowly, we are seeing financial institutions and government institutions embrace digital assets and their blockchain utility. We are on the brink of mass adoption of digital assets like Bitcoin, which means the age of Web3 digital identities is upon us.

Remember when your email address became synonymous with your online presence in the 2000s? Suddenly you needed an email address to manage everything online: bank accounts, social profiles, payments and bills, appointments, and more. Email addresses became our lifelines in the digital world and changed how we interacted with other individuals and businesses. Now, as Web3 becomes more mainstream, the need for a new kind of personal identifier has emerged- the Web3 digital identity. You may not feel ready to dive into blockchains and digital assets, but here’s why you should consider claiming your Web3 digital identity sooner rather than later.

Untapped Opportunities are on the Horizon

As of June 2025, Wall Street has invested over $1 billion in Bitcoin ETFs, contributing to the inevitable adoption of Bitcoin into the global economy. This comes on the heels of Bitcoin hitting an all time high valuation of over $100,000 for one BTC, a major milestone for the digital asset. While Bitcoin ETFs are a baby step into Web3 for the financial sector, it’s a promising sign that the global economy is becoming more blockchain-friendly. The hope is to see the economy realize the full benefits that decentralized finance (DeFi) has to offer, like transparency through decentralized ledgers and the ability to implement powerful smart contracts. Harnessing the full potential of blockchains will change the economic landscape, making digital assets like Bitcoin, Ethereum, and Solana long term players in the world market.

Digital Identities are Your Gateway to Web3

The financial sector taking a slow, cautious approach to blockchain technology doesn’t lessen the need for a Web3 digital identity. There have been over 1.2 billion transactions on the Bitcoin blockchain since the asset hit the market, making it one of the most popular digital assets available. It can all feel very overwhelming, but it doesn’t have to be.

If you’re a Web3 beginner, choosing a Web2 domain name with a user-friendly bridge to Web3 like .locker is a great choice. But what does it really mean to claim a Web3 digital identity and why does it matter? To simplify the explanation, claiming a Web3 digital identity means that your .locker name will be minted on the Bitcoin blockchain as an NFT. On the backend, the NFT will be associated with a digital wallet, like Leather or Xverse. Because every blockchain activity is permanently recorded on a shared ledger, a digital identity is needed to associate that activity with a specific user. By claiming an identity on the blockchain, you’re opening the door to Web3 transactions, gaming, and decentralized applications; you’ll be set up and ready to go with a human-readable .locker digital identity and a configured digital wallet.

Maintain Full Control of Data with Self-Sovereign Identities

One of the key features of a Web3 digital identity is the core concept of self-sovereign identities. Self-sovereign identities are not controlled by a centralized party and, instead, are controlled by only the user, providing more privacy and security online. Blockchains are a perfect medium to support self-sovereign identities as they are inherently immutable, decentralized, and secure. This is attractive to not only individual users, but organizations. No longer will they need to collect, store, and manage expensive databases of sensitive customer information.

Think of all the times your information has been affected by a data breach on Web2 and the compromising situations those breaches have created. Credit card numbers, bank routing numbers, addresses, and more have all been shared with cybercriminals to be exploited. Identities have been used to make purchases, open accounts, and run up debts. Now consider a world where that doesn’t happen because your data is securely stored and managed by you personally. You don’t need to create a username and password to be stored on a third-party database where you have little control over security management practices. Every step you can take to protect yourself now, like using blockchains instead of credit cards, will help eliminate your personal identity from making its way into the wrong hands.

Prepare Yourself for Web3

While we are on the cusp of mass adoption, smaller sectors are already embracing digital assets. Microsoft, Steak and Shake, and even luxury retailers like Gucci and Christian Dior all now accept Bitcoin as a valid form of payment. As time goes on, you will start to see more and more businesses transact with digital assets. Prepare yourself for this new era by securing your .locker Web3 digital identity today.