Using the Ethereum network, DEX project 1Inch has partnered with the Unstoppable Domains platform for decentralized domain name service.
1Inch has also joined the decentralized domain name service launched by Ethereum Name Services (ENS). Announcing a partnership with Unstoppable Domains, the DEX platform will offer its users the opportunity to use the domain name method when using crypto transfers.
1Inch Partners with Unstoppable Domains
DEX platform 1Inch continues to work to facilitate its users’ cryptocurrency transactions. With the latest partnership, the platform announced that it will also enable the use of domain names in transactions. As a result of the partnership, personalized domain names can be used instead of entering a wallet address during transactions.
1Inch co-founder Sergej Kunz spoke about the partnership with Unstoppable Domains. Kunz said:
“Security and identity issues still hinder Web3 mainstream adoption. We launched the new service to overcome these barriers by making Web3 more fun and engaging.
Platform users will be able to create their own domain names and use these domain names instead of wallet addresses. Wallet addresses with a complex layout can cause various frauds and money losses. In order to prevent this, domain names are being considered as a new system. For example, the transaction can be performed by entering “domain.1inch” in the receiver part.
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