Draper-Backed Startup Launches.Crypto Domains on Ethereum

gepubliceerd op by Coindesk | gepubliceerd op

A startup building domains on blockchains has just launched a.crypto name registry on ethereum.

Unstoppable Domains - a firm backed in May to the tune of $4 million by Draper Associates and Boost VC - said Friday that the new.

Crypto extension can be connected to users' public cryptocurrency address, allowing third-parties to more easily send funds.

Doing away with long, complex crypto address in favor of a more memorable and less mistake-prone domain will "Simplify cryptocurrency payments and lead to mainstream adoption," Unstoppable Domains claimed.

The firms indicated it's already seen a high level of interest in its first domain extension,.

"We believe that tribalism in the crypto community is slowing down adoption of the technology.Crypto is a domain name system meant to be used for any cryptocurrency payment and with any cryptocurrency wallet. Sending money to a.crypto domain is a way simpler user experience for the millions of cryptocurrency users that currently have to copy/paste and type in long addresses in order to transact."

The firm's blockchain domains can also be used to provide "Uncensorable" websites, it says on its website.

Linking the domain to content on a decentralized storage network results in pages that "No one" can take down.

Using an immutable blockchain for web domains can have its downside, however.

After OpenSea appealed to the hacker and offered a reward, the domains were handed back.

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