Unstoppable Domains has partnered with cryptocurrency payment company MoonPay to incorporate non-fungible token (NFT) domains into transactions within the platform. With the collaboration, MoonPay users can send and receive digital assets using their domain names, eliminating the need to enter lengthy and complicated wallet addresses.
In an announcement sent to Cointelegraph, Ivan Soto-Wright, co-founder and CEO of MoonPay, said the partnership will make it easier to enter the world of Web 3.0.
According to Soto-Wright, while MoonPay takes care of the front end, Unstoppable Domains improves the back end of the user journey by removing complex characters and replacing them with customizable NFT domains.
Sandy Carter, an executive at Unstoppable Domains, also commented on the partnership, saying it will make Web3 more intuitive. Carter believes that both experienced and novice crypto users will benefit from the streamlined experience that will result from the collaboration.
Apart from payment transactions, NFT domains can also be used to log in to decentralized applications (DApps), wallets, and exchanges. It also allows users to choose the data they want to give websites and applications access to.
Meanwhile, the demand for NFT domains continues to rise. In early July, Ethereum name service registrations increased by 200%. The surge in registrations was fueled by the buzz caused by the second-biggest sale of an .eth domain, when “000.eth” sold for 300 Ether (ETH), worth about $300,000 at the time of listing. purchase.
More recently, Ethereum co-founder Vitalik Buterin has responded to criticism questioning the proof-of-stake (PoS) consensus amid the smart contract platform’s upcoming merger. According to Buterin, many of the arguments coming from the critics are based on outright lies and he provided a rebuttal on the issue of PoS voting.
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