The Web3 domain project Unstoppable Domains has launched the UD Parking storage service for its Web3 domain name holders, allowing users to store their Web3 domain names in a proprietary secure private vault. If users wish, they can also store their domain names in a self-hosted wallet. The UD Parking service fee is divided into 2 stages: an additional $4 will be charged for domain names below $100, and an additional $10 will be charged for domain names of $100 or more.
The new service reportedly allows NFT holders to separate their assets from other crypto assets, ensuring that they are not compromised in the event of a vulnerability in a self-custodial wallet.