Blockchain
SPACE ID is a blockchain based decentralized global name service network (Ethereum, BSC and Arbitrum). It also functions as a Web3 domain and identity management platform, allowing users to register, trade and manage crypto-based domain names. Basically, SPACE ID is a marketplace that specializes in selling name services.
Web3 domains are human-readable names that can be used to access dApps, smart contracts, NFTs, and other blockchain-based services, such as pintu.eth and pintuacademy.eth on the Ethereum network.
The Web3 domain name is a tradable non-tradable. Users can generate, sell and maintain SPACE IDs all in one place. Users must use a separate marketplace to acquire and sell domain names than the Ethereum Name Service (ENS).
SPACE ID contains Web3 names for Software Development Kit (SDK) and Application Programming Interface (API) for cross-blockchain developers in addition to humans. The goal is to make it easier to integrate web3 domains into various applications.
Instead of selling domains based on the price provided by buyers, users can now sell them depending on the quantity they want. SPACE ID now supports price matching from high to low based on the current order book.
As Coincu reported, SPACE ID is partnering with the Layer 1 public chain Sei Network and will provide the “.sei” domain name to the Sei Network ecosystem. Users of the protocol will be able to use Sei’s advanced exchange infrastructure.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We recommend that you do your own research before investing.
