Will Issue 82 Million Free Domains, Challenge Ethereum Name Service

Crypto exchange has decided to list 86 million ‘.blockchain’ domain names up for grabs for free. Backed by Unstoppable Domains, this initiative will give users the opportunity to claim their .blockchain domain for free which will be linked to their respective wallet. With this, the crypto exchange seeks to eliminate the need for users to remember long and complicated wallet addresses. This offering is bound to present a challenge to the already popular Ethereum Name Service (ENS).

“Instead of copying and pasting long complex wallet addresses like bc1qw508d6qejxtdg4y5r3zarvary0c5xw7kv8f3t4, you can type in an easy-to-remember domain like john.blockchain,” the company said in a statement.

services like ENS And now .blockchain domains make crypto wallet addresses readable by humans.

These service providers hope easy wallet addresses can help more people create crypto wallet,

“By using an easy to remember .blockchain domain, you reduce the chances of your crypto being sent to the wrong address,” the company said.

Those wishing to obtain a .blockchain domain name can join a waiting list on the website.

“Replace all your long complicated wallet addresses with one easy to remember domain. Unlike traditional domains, you never need to renew. Claim once, forever,” the blog added.

This feature will be rolled out for Apple users first and will be implemented gradually.

Unstoppable Domains’ website indicates that each domain name is an NFT written on polygon This makes them unique and distinct from each other.

In recent times, crypto-related domain names have come to gain major popularity across the globe.

Earlier this month, UAE officials also announced Women Entrepreneurs Aiming to Use in web3 Arena can apply for a free domain name.

The Abu Dhabi Investment Office (ADIO) has worked closely with Access Abu Dhabi and has included a domain provider of Unstoppable Domain Names to facilitate the execution of this initiative.

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