Polygon continued its current scorching streak this week by saying the creation of .polygon domains. Just like the wildly well-liked Ethereum-based .eth domains, .polygon domains will simplify the consumer experiences for Polygon’s 180m+ prospects. What’s a Web3 area and why are they necessary?
What’s a Web3 area?
Web3 domains supply necessary quality-of-life enhancements for crypto customers. They permit us to navigate Web3 with easy-t0-remember public addresses, suppose evan.eth or nftbuyer.polygon, as an alternative of conventional public addresses made up of lengthy strings of randomized letters and numbers.
Maybe most significantly, nonetheless, Web3 domains additionally assist us forge our digital identities. Crypto customers can use a .polgyon or .eth area to broadcast their affiliation with their favourite blockchain. Within the course of, we will help carve out a spot within the Web3 world to name our personal.
Not surprisingly, main manufacturers have invested large sums of cash to safe their Web3 domains. Most notably, the New England Patriots NFL franchise purchased patriots.eth for about $1m in Sept 2022 and crypto funding agency Paradigm paid over $1.5m for the rights to paradigm.eth in Oct 2021.
How will Polygon domains slot in?
Polygon is a layer 2 blockchain that sits on prime of Ethereum. It permits for sooner, cheaper transactions whereas additionally profiting from the safety of the Ethereum community. Polygon has been a uncommon shiny spot throughout an in any other case down marketplace for cryptocurrencies. The India-based Web3 big just lately introduced partnerships with Reddit, Starbucks, Disney, Mastercard, and plenty of extra of the world’s greatest corporations to assist introduce them to the world of Web3.
Polygon is partnering with Unstoppable Domains, the Web3 firm named by Forbes as certainly one of America’s Greatest Startup Employers in 2022, to create .polygon digital identities. These domains can be utilized to entry Unstoppable Domains’ greater than 750 built-in apps, permitting a seamless login course of with out the necessity for passwords or hard-to-remember pockets addresses.
For the primary time, Polygon followers can showcase their appreciation for the rapidly-growing Layer 2 blockchain by attaching a .polygon area to their Web3 persona. By doing so, they’ll additionally get pleasure from all the advantages that Web3 domains have to supply.
The sale will begin on March 16 and domains might be bought by means of Unstoppable Domains.
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