Popular Binance Altcoin Is An Important… – Kriptokoin.com

The decentralized exchange aggregator 1inch (1INCH) is trying to help users simplify their cryptocurrency payments. To that end, it has partnered with Unstoppable Domains. This move could strengthen wider adoption of decentralized finance (DeFi) products and services. 1INCH is also one of the popular cryptocurrencies traded on Binance. Here are the details of the partnership…

The altcoin on the Binance exchange has partnered with Unstoppable Domains

As part of the partnership, 1inch’s wallet users use Unstoppable’s naming service. Thus, it gets the chance to use “human readable domain names” when sending crypto payments. This allows users to use customizable domain names instead of long alphanumeric crypto wallet addresses. Like all Unstoppable Domains addresses, the wallet address will be printed on the Blockchain as NFT with no additional minting or renewal fees.

Sergej Kunz, co-founder of 1inch Network, said the Unstoppable Domains partnership could support wider adoption of Web3 products and tools. Kunz also used the following statements:

User experience, security, and identity issues still hinder Web3 mainstream adoption. The partnership creates opportunities to overcome these barriers by making Web3 more fun and engaging.

Unstoppable Domains has 2.5 million domains

As of July, Unstoppable Domains has registered 2.5 million domains. It’s also integrated with over 150 Web3 apps. The 1inch integration adds to the list of more than 80 wallets and exchanges supported by the NFT naming service. The value of Unstoppable has soared to $1 billion this year after the company raised $65 million in a Series A funding round.

Here are 10 Small Altcoins You Should Have on Your Radar!

The company’s growth has been incremental, with the NFT boom highlighting the popularity of digital identity profiles. By the way, it’s worth noting that some domains sell for as little as $10,000. This shows the demand for simple and short names in particular. Ethereum Name Service, a competitor to Unstoppable, also saw a surge in demand with around 2 million domain registrations in August. cryptocoin.com As we have also reported, this figure rose to over 2.6 million at the end of September.

Meanwhile, 1inch’s 1INCH token is changing hands at $0.57, down 0.1 percent in the last 24 hours. The cryptocurrency is ranked 117th with a market cap of $336 million. On the other hand, the ENS token of Ethereum Name Service, which has been booming with the explosion of demand for domain names in the past months, is changing hands at $ 15.67 with a decrease of 0.6 percent. The cryptocurrency ranks 100th with a market cap of $404 million.

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