Binance.US customers will quickly be capable of arrange decentralized domains that can function digital identities throughout the Web3 ecosystem via a brand new partnership with Unstoppable Domains.
The brand new providing will permit customers to mint “.BinanceUS” domains, offering customers with simply comprehensible names for cryptocurrency wallets to purchase, promote and switch cryptocurrency within the Binance.US app. These distinctive domains additionally function a digital identification throughout suitable Web3 providers, purposes and platforms.
Binance.US and Unstoppable Domains introduced the launch of the service on April 26 and it’ll go reside in Might. Binance.US domains are minted on the Polygon blockchain, which permits the era of decentralized domains with out gasoline charges or renewal prices.
The partnership may also permit Unstoppable Domains customers to make use of Binance.US to withdraw cryptocurrencies to varied Unstoppable Domains addresses, which embrace .crypto, .nft and .x domains.
An announcement from Binance.US Enterprise Growth Vice President Nandini Maheshwari, shared with Cointelegraph, highlighted the availability of digital identification possession as a key issue within the partnership with Unstoppable and Polygon:
“Rising accessibility to Web3 whereas sustaining a protected and safe ecosystem for purchasers is on the core of Binance.US’s mission.”
Unstoppable Domains will likely be liable for custodying all .BinanceUS domains, which may solely be created via the Binance.US app.
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The decentralized area service supplier has partnered with quite a lot of Web3, blockchain and cryptocurrency firms over the previous 12 months. This features a partnership with Polygon to supply the power to mint “.polygon” Web3 domains. Unstoppable additionally offered an avenue for 1inch Community decentralized finance (DeFi) customers to ship cryptocurrencies to Web3 area addresses in November.
Unstoppable Domains and Ethereum Title Service (ENS) have seen burgeoning consumer numbers via 2022 and 2023 as demand for Web3 providers continues to develop. American cryptocurrency alternate Coinbase tapped as its decentralized area title companion in September 2022, offering customers with free.cb.id usernames like ‘cointelegraph.cb.id’ to switch alpha-numeric cryptocurrency pockets addresses.
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