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Binance.US customers will quickly be capable of arrange decentralized domains that can function digital identities throughout the Web3 ecosystem by a brand new partnership with Unstoppable Domains.
The brand new providing will enable 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 dwell in Could. Binance.US domains are minted on the Polygon blockchain, which permits the technology of decentralized domains with out gasoline charges or renewal prices.
The partnership may even enable 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:
“Growing accessibility to Web3 whereas sustaining a secure and safe ecosystem for purchasers is on the core of Binance.US’s mission.”
Unstoppable Domains can be chargeable for custodying all .BinanceUS domains, which may solely be created by the Binance.US app.
Associated: Web3 Area Alliance expands with 51 new members
The decentralized area service supplier has partnered with a lot of Web3, blockchain and cryptocurrency corporations over the previous yr. This features a partnership with Polygon to supply the power to mint “.polygon” Web3 domains. Unstoppable additionally supplied 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 by 2022 and 2023 as demand for Web3 providers continues to develop. American cryptocurrency change Coinbase tapped as its decentralized area title associate 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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Replace: The headline of the article was up to date to replicate that Web3 domains can’t be created totally free.
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