In a major development for the Web3 industry, SPACE ID has announced a partnership with MetaMask, one of the largest decentralized wallet providers, using a feature known as Web3 Domain Snap. This eliminates problems associated with the use of the traditional wallet address, as the new domain-based system brings in the feasibility of the transfer of cryptocurrency through human-readable domain names.
SPACE ID domains are now available in @MetaMask Introducing SPACE ID MetaMask Snap SPACE ID Snap is a Metamask browser extension that makes crypto transfers on all EVM-compatible chains as easy as sending a text messageReplace your public wallet address with a simple,⊠pic.twitter.com/iS9EyLt16K
â SPACE ID (@SpaceIDProtocol) October 21, 2024
Expanding Web3 Identity Usability
As blockchain wallets get more complex and require lengthy alphanumeric characters for cryptocurrency transactions, many users encounter poor usability and chances of sending Bitcoin to the wrong address. Traditional methods of domain control, according to SPACE ID, will shift once an easier, more understandable option has been instituted, which is now addressed by the Web3 Domain Snap. With this integration, people can transfer funds using simplified Domain Names instead of complicated wallet numbers; thus, the process can become as easy as sending an E-mail.
SPACE ID domain resolution has already gained recognition in the Web3 world and has many partners, including dApps, wallets, and exchanges. The collaboration with MetaMask Suit Widens this functionality to other EVM-compatible chains like Ethereum and Binance Smart Chain, where users can map their blockchain domains directly to wallet addresses.
Key Features of SPACE ID Web3 Domain Snap
The SPACE ID Web3 Domain Snap offers a host of features that enhance the user experience when conducting blockchain transactions:
Rather than typing out extended wallet identifiers, customers can now merely input a domain name of the Space ID to transact.
The cross-chain compatibility feature allows one to register domains in different blockchains and map domains to addresses on any EVM chains, making it universal.
The MetaMask extensions are compatible with all domains registered on the SPACE ID platform, which include .bnb .eth and .arb. This has the potential for domain resolution across hundreds of blockchain-based TLDs such as .cake, .floki, .zeta, etc.
How to Set Up and Use SPACE ID Web3 Domain Snap
To start using the SPACE ID Web3 Domain Snap, MetaMask users need to follow a simple process:
The first thing that people should do is to make sure that they have the Meta Mask app installed, as it is incorporated into the Snap as a plugin.
To obtain a domain name, users should go to the SPACE ID domain registration page.
Once the MetaMask wallet is ready, install SPACE ID web3 by installing the Metamask Snaps Directory., making it possible to execute domain-based transactions.
It allows users to enter domain names instead of wallet addresses in transactions, which allows us to reduce the frequency of errors and improve the overall transaction process after the installation.
A Look Ahead: SPACE IDâs Future Plans
The Web3 Domain Snap is the first step SPACE ID has taken to improve decentralized identity platforms. The roadmap wisely lists Web3 Name SDK as a plan to broaden its implementation and integrate more dApps into the area, thus making domain-based interactions even easier.
Further, SPACE ID is aimed at offering more support to other blockchain systems so that the standard of domain resolution would be embraced in numerous other chains. Also in progress, the team is focused on improving identity infrastructure to give users more and better tools to administer their identity in the Web3 context.
This partnership with MetaMask is a leap toward improving the simplicity of a decentralized identity solution through SPACE ID that would lead to a better Web3 experience.
