- Unstoppable Domains, the top supplier of NFT domains, was established in 2018.
- The 1inch Network is excited to announce a partnership with Unstoppable Domains, an NFT domain name provider.
- Users of 1inch Wallet will benefit from a new feature that allows them to enter human-readable domain names when purchasing or sending crypto.
The 1inch Network is excited to announce a partnership with Unstoppable Domains, an NFT domain name provider and digital identity platform, to promote the widespread adoption of DeFi technologies. As a result, users of 1inch Wallet will benefit from a new feature that allows them to enter human-readable domain names when purchasing or sending cryptocurrency because of the cooperation, making transactions simpler.
Users had to communicate with complicated alphanumeric crypto wallet addresses in the past. They can now make use of the new option to swap out those complicated addresses for simple names.
What is the origin of these names? Once acquired, the Unstoppable Domains-provided cryptocurrency wallet address name belongs to its owner permanently because it is created as an NFT on the blockchain with no minting and no renewal fees. In addition to acting as a payment address for wallets, an NFT domain can also act as a universal decentralized digital identity and a distinctive username across many apps and platforms. As a result, users have a wide range of options when choosing usernames for cryptocurrencies, including ends like NFT, Wallet, Crypto, X, DAO, and others.
The 1inch Wallet users will now type an address name that looks like Andy wallet or Mone or .crypto or any other imaginative yet brief word combination was chosen as a user domain to transact with cryptocurrency. By thoroughly validating addresses and avoiding sending errors, such domains help improve transaction security.
In addition to other things, 1inch constantly works to enhance the user’s transaction experience through partnerships with cutting-edge DeFi projects. According to this plan, the 1inch Wallet’s ability to send or receive cryptocurrency doubles thanks to domain resolution.
According to Sergej Kunz, co-founder of 1inch Network,
the problems of user experience, security, and identification are still holding back Web3 mainstream adoption.” “The collaboration with Unstoppable provides up prospects for removing these obstacles by making Web3 onboarding more enjoyable and appealing, while customers will also gain from a more user-friendly means of transacting,
Unstoppable Domains, the top supplier of NFT domains, was established in 2018 and is anticipated to rank among America’s Best Startup Employers in 2022, according to Forbes.