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NFT domains: Users of the 1inch Network can now use human-readable addresses supplied by Unstoppable Domains to transact in 1inch’s product ecosystem.
Under the new agreement, users of the 1inch Wallet can purchase a domain name from Unstoppable Domains that they can freely mint as a non-fungible token (NFT). The user will then be the perpetual owner of the name. Domain names help prevent users from accidentally entering incorrect alphanumeric strings when transacting with other wallets.
“The issues of user experience, security, and identity are still holding back Web3 mainstream adoption. The partnership with Unstoppable opens up opportunities for overcoming these barriers by making Web3 onboarding more fun and attractive, while users will also benefit from a user-friendlier way of transacting,” said Sergej Kunz of 1inch Network.
1inch Network is a suite of DeFi protocols accessible through a unified frontend. The most popular protocol is the 1inch DEX aggregator that can aggregate or collect prices from multiple decentralized exchanges (DEXs) and split trades to offer consumers the best prices.
Founded in 2018, Polygon-based Unstoppable Domains provides users with a distributed digital identity that can be used across multiple Web3 platforms. Users have the option of having their domain names end in “.NFT,” “.crypto,” “.blockchain,” “.Wallet,” “Crypto,” “.X,” “DAO,” and others. Domain names can also serve as website URLs pointing to censorship-r
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