SPACE ID 3.0 Introduces ID Token Staking and Revolutionary Enhancements for Its Open-Access Name Service Protocol

New York, USA, November 3rd, 2023, Chainwire

SPACE ID, a leader in the Web3 name service field, is excited to unveil the launch of SPACE ID 3.0 a groundbreaking upgrade that aims to empower various Web3 communities to develop their own Top-Level Domains (TLDs). This forward-thinking initiative has generated considerable excitement within the Web3 landscape, as renowned industry figures and groups, including PancakeSwap, Injective, Manta Network, and Genome, express their intent to adopt this infrastructure for their domain services.

The introduction of SPACE ID 3.0 marks a significant advancement in the realm of Web3 domains, providing a suite of innovative tools and features designed to transform how communities and developers engage with Web3 domains. In this release, we will shine a spotlight on some of the standout aspects of SPACE ID 3.0.

Easier Web3 Domain Creation

Historically, creating a Web3 domain was a cumbersome and lengthy endeavor. However, SPACE ID 3.0 rolls out a One-Stop Domain Issuance Toolkit, which simplifies the domain creation process, making it accessible to everyone. Users can easily enter vital information, parameters, and media assets through a straightforward form, enabling SPACE ID 3.0 to take care of the rest.

Built-in NFT Marketplace

With SPACE ID 3.0, a robust infrastructure is established that provides all Top-Level Domains (TLDs) with entry to a designed NFT marketplace exclusively for domains, allowing effortless trading of domain names. This platform amalgamates domains from a variety of sources, including OpenSea, Element, ENSVision, and many others, creating a centralized hub for discovering, acquiring, and listing domains.

Enhanced Domain Management

The enhancements in SPACE ID 3.0 introduce an enhanced domain management system that empowers users with control over their domains. This new level of adaptability allows for the setup of a range of records, including avatars, social profiles, and multi-chain addresses, which simplifies the overall management of domains across various chains and TLDs.

Web3 Name SDK/API

SPACE ID brings forth a comprehensive Web3 Name SDK that includes features tailored to facilitate both domain name resolution and reverse resolution. This enables developers to fully leverage the capabilities of SPACE ID 3.0 for their applications. The SDK is compatible with various TLDs and can dynamically adapt as new TLDs are verified, ensuring smooth integration for domain resolution processes.

Genome – .GNO Domains Bridging Gnosis

Genome , one of the inaugural partners of SPACE ID 3.0, is dedicated to developing a digital-ID solution centered on .GNO domains within the Gnosis Chain ecosystem. This collaboration integrates communities, dApps, and utilities unique to the Gnosis Chain, while effectively linking .GNO domains with ENS functionality. The testnet platform for Genome is now operational, offering users an early chance to engage with Testnet .GNO domains.

Through SPACE ID 3.0, users can initiate their own Top-Level Domains (TLDs). To express interest and obtain guidance on navigating the domain launch process, the SPACE ID team invites community members to connect with them on Discord.

Keep in mind that starting the domain launch procedure requires a stake of 10,000 $ID tokens, which play a significant role within the domain ecosystem.

About SPACE ID

SPACE ID is constructing a universal name service network with an all-in-one identity platform to discover, register, trade, and manage web3 domains. Additionally, it features a Web3 Name SDK & API aimed at developers across multiple blockchains while offering a multi-chain name service that allows users to easily create and establish their web3 identities.

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