SPACE ID is a blockchain-based decentralized global name service network (Ethereum, BSC, and Arbitrum). It also functions as a Web3 domain and identity management platform, allowing users to register, trade, and administer crypto-based domain names. In a nutshell, SPACE ID is a marketplace that specializes in the sale of name services.
Web3 domains are human-readable names that may be used to access dApps, smart contracts, NFTs, and other blockchain-based services, such as pintu.eth and pintuacademy.eth on the Ethereum network.
The Web3 domain name is a tradable non-tradeable. Users may generate, sell, and maintain SPACE IDs all in one spot. Users must utilize a separate marketplace to acquire and sell domain names than the Ethereum Name Service (ENS).
SPACE ID includes Web3 names for Software Development Kit (SDK) and Application Programming Interface (API) for cross-blockchain developers in addition to people. Its goal is to make it easier to integrate web3 domains into diverse applications.
Instead of selling domains based on the pricing supplied by purchasers, users may now sell them depending on the amount wanted. SPACE ID will now support price matching from high to low based on the current order book.
As Coincu reported, SPACE ID has partnered with the Layer 1 public chain Sei Network, and it will provide the “.sei” domain name to the Sei Network ecosystem. The protocol’s users will be able to utilize Sei’s cutting-edge exchange infrastructure.
