10 C
Amsterdam
28 March 2024
PumpMoonshot
Image default
Altcoins

1inch Partners With Unstoppable Domains to Compete With ENS

The 1inch decentralized exchange aggregator protocol has entered into a new partnership that could see it offering services to rival the Ethereum Name Service (ENS).

On Oct. 4, the 1inch network announced a partnership with nonfungible token (NFT) domain name provider and digital identity platform Unstoppable Domains.

The new collaboration signals a move into the decentralized domain space, which is currently dominated by the Ethereum Name Service (ENS).

According to the announcement, the partnership will allow 1inch Wallet users to perform transactions in a more user-friendly way by replacing complex addresses with domain names. This is precisely what ENS offers – replacing Ethereum addresses with web-friendly domain names.

Big Name Choice … But at a Price

Unstoppable Domains generates user-friendly names by minting them as an NFT so that the holder can keep them forever. By comparison, ENS domains need to be renewed periodically, just like real-world domain names.

Big Name Choice … But at a Price

Unstoppable Domains generates user-friendly names by minting them as an NFT so that the holder can keep them forever. By comparison, ENS domains need to be renewed periodically, just like real-world domain names.

News Source

Related posts

Analyst Names Top 5 Crypto Assets Likely to Rally in November

PumpMoonshot

Terra co-founder Do Kwon flees to Serbia to avoid arrest, say Korean officials

PumpMoonshot

The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining

PumpMoonshot
Verified by MonsterInsights