Unstoppable Domains and MoonPay have worked together to add nonfungible token (NFT) domains to the platform’s transactions. MoonPay users can now send and receive digital assets by using their domain names. This means they no longer have to type in long wallet addresses.
Ivan Soto-Wright, co-founder and CEO of MoonPay, told Cointelegraph in a press release that the alliance would make it easier for people to join the Web3 ecosystem.
Soto-Wright says that Unstoppable Domains improves the end of a user’s journey by getting rid of hard-to-read characters and replacing them with customized NFT domains, while MoonPay focuses on the beginning.
A manager at Unstoppable Domains named Sandy Carter said that the agreement will make Web3 easier to use. Carter thinks that both experienced and new crypto users will benefit from the streamlined user experience that the collaboration will bring.
In addition to making payments, the NFT domains can also be used to log in to decentralized apps (DApps), wallets, and exchanges. It also lets people decide which information to share with websites and apps.
In the meantime, the number of people who want NFT domains keeps going up. Since the beginning of July, twice as many people have signed up for Ethereum Name Service. The buzz about the second-largest sale of a.eth domain, which happened when “000.eth” was sold for 300 Ether (ETH), which was worth about $300,000 at the time it was bought, led to the rise in registrations.
Vitalik Buterin, a co-founder of Ethereum, has responded to critics who questioned the proof-of-stake (PoS) consensus in light of the upcoming Merge of the smart contract platform. Buterin said that many of the opponents’ arguments are based on outright lies, and he gave a response about Proof-of-Stake voting.