Binance.US enables free Web3 domain creation for American users
Binance.US users will soon be able to set up decentralized domains that will serve as digital identities across the Web3 ecosystem through a new partnership with Unstoppable Domains.
The new offering will allow users to mint “.BinanceUS” domains, providing users with easily understandable names for cryptocurrency wallets to buy, sell and transfer cryptocurrency in the Binance.US app. These unique domains also serve as a digital identity across compatible Web3 services, applications and platforms.
Binance.US and Unstoppable Domains announced the launch of the service on April 26 and it will go live in May. Binance.US domains are minted on the Polygon blockchain, which allows the generation of decentralized domains without gas fees or renewal costs.
The partnership will also allow Unstoppable Domains users to use Binance.US to withdraw cryptocurrencies to various Unstoppable Domains addresses, which include .crypto, .nft and .x domains.
A statement from Binance.US Business Development Vice President Nandini Maheshwari, shared with Cointelegraph, highlighted the provision of digital identity ownership as a key factor in the partnership with Unstoppable and Polygon:
Unstoppable Domains will be responsible for custodying all .BinanceUS domains, which can only be created through the Binance.US app.
Related: Web3 Domain Alliance expands with 51 new members
The decentralized domain service provider has partnered with a number of Web3, blockchain and cryptocurrency companies over the past year. This includes a partnership with Polygon to provide the ability to mint “.polygon” Web3 domains. Unstoppable also provided an avenue for 1inch Network decentralized finance (DeFi) users to send cryptocurrencies to Web3 domain addresses
Read more on cointelegraph.com
