Tuesday, September 27, 2022

Blockchain.com Gift Users Free Crypto NFT Domains Courtesy of Unstoppable Domains

Users of popular cryptocurrency exchange Blockchain.com should expect to receive a free non-fungible token (NFT) domain courtesy of Unstoppable Domains. With these unique NFT domains, the complex characters that make-up wallet addresses can be replaced by easy-to-remember usernames.

Unstoppable domains, the company responsible for this giveaway is known to provide services similar to GoDaddy. Thus, the firm provides Web3 domain names that are unique and user-friendly with suffixes such as “.blockchain,” “.wallet” and “.nft.”

Prior to this announcement, the crypto exchange had disclosed that the integration process to facilitate the use of addresses from Unstoppable Domains had been completed. 

According to Unstoppable Domains, its domain names are not just shortened markers or simpler means to track cryptocurrency transactions. Sandy Carter, the Senior Vice President of Unstoppable Domains stated that all of their domains are minted on the blockchain, making each a distinct entity.

Carter stated that the minting of each domain address is done on the Polygon Blockchain network, thereby qualifying it as an asset that can be traded. “These kinds of domains are synonymous to the social media login details of a person except that they guarantee security across diverse applications” he stated.

According to Unstoppable Domains, owning ownership rights in the form of a domain has been made easy, as over 2 million domains have been assigned. These domains can also be used to gain access to crypto wallets, apps, and exchanges, and can even be resold.

Carter however mentioned that the company is working with a number of crypto and non-crypto related firms such as Apple and Starbucks to create unique web3 domains for them. Unstoppable Domains is also working to ensure equal rights for women involved in Web3, and have previously inaugurated an initiative for this purpose.

Growing Innovativeness Among Crypto Exchanges

There is a lot of innovation going on amongst digital trading platforms as many continue to jostle for a bigger share of the growing market.

Cryptocurrency exchange FTX recently disclosed in a recent announcement that it is working on supporting zero-fees stocks and exchange-traded fund (ETF) trading. Although this service is in its pilot phase, the firm said that the long-term aim is to offer its customers in-app stock trading.

In other news, Binance, which currently ranks as the largest crypto exchange in the world, announced that it had clinched its license as a digital assets service provider in France. This brings crypto adoption and blockchain technology one step closer to French nationals.

Victoria Nye
A Blockchain columnist who is enthusiastic about developing a network interface between the real world and the cryptosphere.

Related Articles

Stay Connected

0FansLike
0FollowersFollow
2,050FollowersFollow

Latest Articles

%d bloggers like this: