W3C recently published specifications will build foundations for new ways to represent identity on the web. Verifiable Credentials 2.0 and the first draft of Digital Credentials API enable the secure, seamless exchange of digital credentials on the web, emphasizing flexibility, emerging cryptography, compliance with regulation, and W3C principles related to privacy and security. All of these topics will be on the agenda of the Global Digital Collaboration, co-organized by W3C.