SPACE ID Disrupts Web3 Naming Rights – Your .bnb Domain Just Outvalued a Manhattan Parking Spot

Forget DNS squatters—Web3’s naming wars just went nuclear. SPACE ID’s blockchain domains turn wallet addresses into human-readable assets, and traders are treating them like digital beachfront property.

How it works: The protocol maps crypto wallets to simplified names (yourname.bnb), slicing through blockchain’s clunky address problem. Early adopters now flip three-letter domains for six figures—because nothing says ’degen’ like paying ETH for a vanity plate.

The cynical kicker: Wall Street still can’t decide if this is the next big infrastructure play or a speculative bubble. Meanwhile, a .bnb domain just traded for 20% more than a year’s rent in Hong Kong. Priorities.

Why you should listen

SPACE ID is a Web3 identity platform that simplifies the process of discovering, registering, trading, and managing digital identities across multiple blockchains. It offers a one-stop solution for users to create and manage human-readable domain names, replacing complex wallet addresses with memorable identifiers. This approach enhances user experience and fosters broader adoption by reducing barriers to entry in the blockchain ecosystem. The platform supports a multi-chain name service, allowing users to establish a unified identity across various blockchains. This interoperability is crucial in the decentralized world, enabling seamless interactions and transactions across different networks. SPACE ID’s Web3 Name SDK & API further streamlines the integration process for developers, offering a comprehensive toolkit to incorporate verified Web3 domains into their applications.

The platform’s governance is driven by the $ID token, which serves multiple functions within the ecosystem. Holders can stake $ID tokens to receive discounts on domain registrations and marketplace trading fees, use them as a means of payment within the SPACE ID ecosystem, and participate in governance decisions through the SPACE ID DAO. This decentralized approach ensures that the community has a say in the platform’s development and direction.

Supporting links

Stabull Finance

Space ID

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