Humanity has acquired @Moongate. This is an important step for @Humanityprot to embed its web3 digital identity into real-world scenarios. Moongate is the ticketing engine behind various activities in web3. Events you may be familiar with, such as TOKEN2049 and ETHDenver, have utilized Moongate's ticketing service, which currently serves over 300,000 on-chain tickets globally. Humanity is a digital identity protocol for web3, and there is a natural synergy between the two.

The acquisition of Moongate by Humanity is essentially a strategic move for Humanity to embed itself into real-world scenarios. Currently, Moongate provides ticketing support for web3 events and can offer similar services for NFT communities and DAO governance. Additionally, in the future, Moongate can provide the same identity verification services for other conferences, music festivals, sporting events, holidays, and more. By partnering with Humanity, Moongate can upgrade its services.

The difference between Humanity's web3 digital identity and traditional web2 digital identity systems lies in the fact that on-chain identity systems are not limited by geographical constraints or internal project system limitations. They can provide a brand new user experience for different events, such as user loyalty incentives related to tickets or other digital identities. For instance, if a user is both a ticket holder for ETHDenver and a ticket holder for Token2049, and has participated in more than three consecutive events, they will have the opportunity to receive rewards for loyal participation, such as better pricing and access to more exclusive events (the above is a hypothetical scenario). More importantly, with a digital identity, users can also protect their privacy without disclosing their real identity information.

Furthermore, this has implications for building on-chain credit economies like DeFi. By linking web3 digital identities with user addresses, it is possible to analyze users' on-chain behaviors and provide various rewards based on their actions, or offer credit lending possibilities, all while allowing users to maintain their privacy.