Binance.US, one of the largest crypto exchanges based in the U.S., has announced a partnership with Unstoppable Domains to enable users to mint their Binance.US domains on Polygon. This move enables customers to take ownership of their online identities by using their .crypto, .nft, and .x domains on the platform. The partnership was announced during Consensus 2023 in Austin, Texas.
Unstoppable Domains is a next-gen domain provider and digital identity platform that allows individuals to take full control and ownership of their online identities. The platform has already minted over 3.4 million Web3 domains, and now its customers can use Binance.US to withdraw and send crypto to any Unstoppable domain.
The Launch of Premium Binance.US Domains
As part of the partnership, premium 2-letter and 2-digit Binance.US domains will be available. It marks the first time that Unstoppable Domains has issued 2-letter domains. This means that the domain name will read something like name.binance.us. This move enhances the accessibility to Web3 and provides a safe and secure ecosystem for customers.
Unlike traditional domain providers, Unstoppable’s blockchain domains do not require users to pay renewal fees or gas fees. They also fall outside the governance of ICANN. These domain names are commonly utilized throughout the NFT community and allow users to replace lengthy alphanumeric crypto wallet addresses with customizable, readable names.
Custodianship and Management
All .BinanceUS domains will be custodied by Unstoppable under Binance.US’s management. The domains will only be available on the Binance.US app. This partnership ensures that customers’ digital identities remain safe and secure while increasing access to Web3.
The Power of Unstoppable Digital Identity
Sandy Carter, COO and Head of Business Development at Unstoppable Domains, stated, “Digital identity is for everyone, and as a leader in crypto, Binance.US is well-positioned to expand access to user-owned digital identity. The new .BinanceUS domains bring together the strength of the BinanceUS community, the usability of the Polygon network, and the power of Unstoppable digital identity.”
Increasing Access to Web3
Nandini Maheshwari, Vice President of Business Development at Binance.US, stated that the partnership with Unstoppable and Polygon simplifies the crypto experience for the community and enables users to take ownership of their digital identities. Binance.US has a mission to increase access to Web3 while maintaining a safe and secure ecosystem for customers.
Buying Domain Names on Binance.US
Beginning on Friday, Binance.US customers will be able to search for and buy their domain name of choice in the Binance.US app. This move enhances accessibility to Web3, and customers can transact with third-party apps, wallets, marketplaces, and exchanges like Binance.US with ease.
Conclusion
The partnership between Binance.US and Unstoppable Domains enhances access to Web3 by enabling customers to take ownership of their digital identities and transact with third-party apps, wallets, marketplaces, and exchanges like Binance.US with ease. With the launch of premium Binance.US domains, customers can create a customizable, readable name that replaces lengthy alphanumeric crypto wallet addresses. All Binance.US domains will be custodied by Unstoppable under Binance.US’s management, ensuring customers’ digital identities remain safe and secure. This partnership is a significant step in the evolution of Web3 and provides a safe and secure ecosystem for customers.
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