OKX Chain integrates .crypto domains to simplify wallet transactions
Unstoppable Domains, a company building Blockchain domain names, has entered a partnership with EVM and IBC compatible chain OKC (OKX Chain). This collaboration will grant OKC’s users the ability to simplify deposits and withdrawals within the regulated fiat-focused crypto-asset exchange.
Unlike with traditional domain registration, Unstoppable Domains are tied to a specific wallet but not controlled by any centralized outfit like governments or registrars of DNS domains. The .crypto blockchain domain registry enables censorship-resistant websites and simplifies cryptocurrency Payments.
Unstoppable Domains offers its services via partnership with Gemini Trust Company, the cryptocurrency exchange and custodian founded by the Winklevoss twins. Engaging a qualified crypto custodian encourage traditional domain registrars to move into blockchain with this regulated custodian option.
In addition to crypto transactions, OKC users can tap Unstoppable domains to log in to more than 270 apps, games and metaverses, and to create decentralized websites. Unstoppable domains are minted on the blockchain with zero gas fees and stored in a crypto wallet. Once you buy and claim an Unstoppable domain, it’s yours forever, with no renewal fees.
Speaking on the new integration, Sandy Carter, SVP Business Development and Channel Chief at Unstoppable Domains, said: “In recent decades, Asian markets have been pivotal in tech adoption, and we are determined to bring a digital identity to every user in the world. OKX is the best known Asia-originated crypto app brand – recognized by 65% of traders in Asia – and we’re thrilled to partner with their chain OKC to bring easy crypto transactions and web3 identity to millions.”
Blockchain domains are censorship resistant
“Transferring crypto can be confusing, and we’re always looking for ways to make it simpler, so partnering with Unstoppable was a no-brainer. With Unstoppable, we’re giving users more ways to pursue their own brand of financial liberty,” added Chai Li, Head of Ecosystem at OKC.
Blockchain domains use smart contracts that are built on top of the Ethereum network and stored inside a user’s wallet. Specifically, the .crypto domain is based on so-called non-fungible tokens (NFTs), which help assign the domains and look up the addresses. This mechanism eases up on crypto payments and ensures that these websites are resistant to censorship. For example, to send cryptocurrency, all you need to know is the recipient’s blockchain domain.
Popular Ethereum wallet app, MyEtherWallet, was the first reseller of .crypto blockchain domains, making it a domain registrar. Furthermore, Unstoppable Domains offers a Google Chrome extension and an integration with Opera browser, which claims to have counted over 200,000 domains to date.