News Report Technology

Unstoppable Domains has formed a collaboration with Somnia to redefine digital identities through the introduction of the ‘.dream’ domain.

In Brief

The new domain, introduced by Unstoppable Domains in collaboration with Somnia, aims to seamlessly integrate with decentralized applications (dApps), enhancing both digital identities and transactions in the metaverse environment.

As a provider of blockchain-based domain and digital identity services, Unstoppable Domains announced an exciting partnership with Somnia a platform dedicated to developing 'the Metaverse computer,' which aims to amplify the functionalities of NFTs, metaverse interactions, gaming ventures, and social apps.

Through this collaboration, there is a clear intention to make decentralized digital identities more accessible and economically viable by launching the '.dream' top-level domain (TLD). This initiative will be prominently featured at Somnia’s upcoming Token 2024 event, marking a significant moment for the project.

In a statement, Paul Thomas, CEO of Somnia, expressed his enthusiasm by saying, 'Identity will play a pivotal role in bringing together the Virtual Society, and we are excited to work with Unstoppable Domains on this project.'

Somnia is operating as a powerful Layer 1 blockchain that runs on the Ethereum Virtual Machine (EVM), boasting the capacity to handle over 300,000 transactions per second (TPS), with the goal of connecting various metaverses, gaming ecosystems, NFTs, and social channels to create a comprehensive, barrier-free virtual society where users can engage, collaborate, and exchange assets seamlessly across diverse digital experiences.

Enhancing Somnia’s Metaverse Experience and Community Development

Thanks to this new alliance, users are now able to secure ‘.dream’ domains, enabling smooth transactions that revolve around cryptocurrencies, NFTs, and various digital assets across an array of more than 865 decentralized applications (dApps). This TLD, supported by Somnia’s cutting-edge blockchain technology, is crucial in creating coherent and engaging digital interactions.

The introduction of the ‘.dream’ domain is perfectly in line with Somnia’s mission to drive innovation and cultivate a thriving community within the metaverse . It allows users to adopt a personalized ‘Name.dream’ as a distinctive and memorable wallet address, which simplifies secure cryptocurrency operations. Additionally, this TLD functions as a digital identity across a variety of gaming, social networks, and other on-chain applications, effectively representing the community members of Somnia Unstoppable Domains is not just providing a domain but a digital space where aspirations and innovative ideas can take root. Sandy Carter, the COO of Unstoppable Domains, commented, 'With .dream, we aim to create an exciting online environment that fosters creativity and ambition.' She further stated, 'We’ll collaborate with Somnia to strategize for the upcoming ICANN gTLD application, which will further integrate .dream within the broader domain landscape and enhance its potential. This partnership showcases our drive to explore new possibilities within the domain name sector.'

Acquiring a generic top-level domain (gTLD) offers various advantages for blockchain enterprises, including improved oversight over digital identities, stronger branding prospects, and the chance to build a decentralized, user-centric online framework that resonates with the community's values and goals.

Unstoppable Domains is a trailblazer in blockchain-based domain provision, empowering users to control and possess their

on the blockchain without incurring any ongoing renewal expenses. This feature allows individuals to substitute lengthy, complicated alphanumeric cryptocurrency wallet addresses with simple, memorable names, promoting smooth interactions and transactions across over 720 diverse applications, wallets, exchanges, and marketplaces. digital identities Recently, Unstoppable Domains has broadened its horizons by extending its services to the Ethereum Layer 2 Base, developed by Coinbase, further expanding its influence beyond its foundational services on frameworks like Ethereum’s mainnet and the Polygon Layer 2 network.

It’s essential to remember that the information presented on this page should not be interpreted as legal, tax, investment, or financial advice of any kind. It’s crucial to only invest what you can afford to lose, and to seek independent financial counsel if you are uncertain. For more assistance, we recommend reviewing the terms and conditions as well as the help and support sections offered by the provider or advertiser. MetaversePost is dedicated to delivering precise and unbiased news, but please be aware that market conditions can change unexpectedly.

Disclaimer

In line with the Trust Project guidelines Alisa, a passionate journalist at MetaversePost, specializes in areas such as cryptocurrency, zero-knowledge proofs, investments, and the vast domain of Web3. With an insightful perspective on emerging trends and technologies, she provides thorough coverage designed to inform and captivate readers in the rapidly changing world of digital finance.

Let’s delve into the initiatives leveraging digital currencies for philanthropic purposes.

AlphaFold 3, Med-Gemini, and Beyond: The Impact of AI on Healthcare in 2024.

Know More

AI is shaping healthcare in numerous ways, from revealing new genetic connections to empowering robotic surgical technologies...

Copyright, Permissions, and Linking Policy

Know More
Read More
Read more
News Report Technology
DeFAI Must Address the Cross-Chain Challenge to Unlock Its Full Potential.
News Report Technology
dRPC Introduces NodeHaus, a Platform Designed to Enhance Blockchain Accessibility for Web3 Foundations.
News Report Technology
Raphael Coin Unveils Launch, Bringing a Renaissance Masterpiece to the Blockchain Sphere.
Art News Report Technology
From Ripple to the Big Green DAO: How Cryptocurrency Ventures Are Making a Difference in Charitable Endeavors.