WEB3

1inch, Unstoppable Domains Partner on Custom Wallet Address Names

by BSC News

October 14, 2022

chain

Through this partnership, 1inch wallet users can perform crypto transactions in a more user-friendly way by replacing complex addresses with domain names.

1inch Network has partnered with NFT domain provider Unstoppable Domains to give users a new feature where they can purchase human-readable domain names when buying or sending crypto assets.

Source: 1inch

Once purchased, the crypto wallet address name, provided by Unstoppable Domains, belongs to its holder forever and is minted as a Non-Fungible Token (NFT) on the blockchain with no minting and no renewal fees. NFT domain names can play an important role in developing decentralized identity solutions to address Web3 adoption. It can also help with issues like security and user experience, 1inch said in a statement.

Sergej Kunz, 1inch Network co-founder said, “The partnership with Unstoppable opens up opportunities for overcoming these barriers by making Web3 onboarding more fun and attractive, while users will also benefit from a user-friendlier way of transacting.”

Decentralized Finance (DeFi) wallet users on the network will have a choice of different user friendly domain endings like NFT, Wallet, Crypto, X, DAO and more.

“We’re thrilled to partner with 1inch to make transacting with, accessing and buying crypto simpler and more intuitive than ever,” said Sandy Carter, SVP and Channel Chief at Unstoppable Domains.

What Is 1inch Network:

1inch is a decentralized exchange (DEX) aggregator that provides higher rates by discovering the most efficient swapping routes across all leading DEXes. 1inch operates on multiple networks, including Ethereum, BNB Chain, Polygon, and Optimistic Ethereum.

For more information about 1inch, see the following official links:

Website | Twitter | Medium | GitHub

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