BNB
by BSCN
August 1, 2023
The update will allow each community to have its own customized Top-Level-Domain (TLD), strengthening digital identity and fostering a unique branded identity for its members.
Universal name service SPACE ID has announced the launch of SPACE ID 3.0, a permissionless name service protocol catering to all Web3 communities. Building on the success of SPACE ID 2.0, which garnered over 1.1 million registered domains and over $10 million in trading volume within six months, the latest upgrade paves the way for even greater achievements.
With the ultimate vision of establishing a universal name service transcending Web3 communities, SPACE ID 3.0 empowers each community to have its own customized Top-Level-Domain (TLD). This customization grants complete control over their namespace, strengthens digital identity, and fosters a unique branded identity for community members.
Emphasizing simplicity and innovation, the platform introduces a range of new features, including a Permissionless One-Stop Domain Issuance Toolkit. With just a few clicks, communities can launch their desired domain name service, access tailored Domain NFT Marketplace, and utilize readily available domain management & resolution API services.
To ensure orderly growth and resolve potential conflicts, the decentralized governance in SPACE ID 3.0 will be driven by the DAO. $ID token holders will have increased power and responsibility, including determining the legitimacy of a Top-Level-Domain and the required verification standard. The DAO treasury will receive additional revenue from the protocol fee charged on the Top-Level-Domains launched on SPACE ID 3.0.
Joining forces with esteemed launch partners such as Sei, Injective, ZetaChain, PancakeSwap, KuCoin Community Chain, Gnosis Chain, Opside, and more, SPACE ID 3.0 aims to reshape Web3 and usher in a new era of connectivity and decentralization.
The rollout of SPACE ID 3.0 is expected to occur in multiple phases over the next few weeks.
Space ID is a service that supports domain name registration on the BNB Chain ecosystem. Space ID intends to give users a unique identity for all chains. On Space ID, usernames can be associated with their identities across multiple blockchains. SpaceID will also allow users to connect their identities from the Web2 world, including Twitter, Email addresses, and Github accounts, to Web3.
Where to find SPACE ID:
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