๐ Gem Coin Alert! ๐ #Web-3 x #Binance Launchpad Coin SPACE ID (ID) ๐
๐๐ Discover the Next-Gen Web3 Domain Management with Space ID! #ID๐
๐ ๐ง Here's a captivating thread to explore the world of #SPACEID ๐งต๐
1๏ธโฃ Introduction and Overview: Space ID is a name service network for different blockchains, allowing users to have their own web3 domain registered on different blockchains, such as BNB Chain and Arbitrum. They can also trade and manage different domains, similar to the Ethereum Name Service.
2๏ธโฃ Technology and Feature: Space ID is built on a modular and scalable architecture comprising three main components: the Space ID protocol, the Space ID platform, and the Space ID DAO. The protocol supports multiple top-level domains (TLDs) such as .eth, .bnb, and .arb, as well as custom TLDs that can be launched by communities.
3๏ธโฃ Whitepaper Analysis: SPACE ID 2.0 offers a one-stop web3 domain & identity platform to discover, register, trade, and manage web3 domains. It also includes a web3 name SDK & API for developers across blockchains and provides a multi-chain name service for everyone to easily build and create a web3 identity.
4๏ธโฃ Use Case: Space IDโs use cases include staking, where ID can be staked with users receiving discounts in the native NFT marketplace on trading and domain registration fees. ID also serves as a means of payment within the Space ID ecosystem and for Web3 Name SDK Integration.
5๏ธโฃ Team and Leadership: The project was founded by a group of engineers and web3 aficionados with expertise in blockchain development, smart contract security, user interface design, and community building.
6๏ธโฃ Partnerships: Space ID has received strong support from reputable investors and partners in the blockchain industry. The project has raised a total of $10 million in funding over two rounds. The seed round was led by Binance Labs, the venture capital arm of Binance.