Unstoppable Domains Rolls Crypto Domains to Boost Crypto Adoption
Blockchain domain maker, Unstoppable domains which is backed by Tim Drapers firm, Draper Associates has launched a new domain registry to boost cryptocurrency adoption.
The brand new registry, .crypto is a follow up to Unstoppable Domain’s .zil launched earlier this year. .zil is built on the Zilliqa Blockchain. However, .crypto is built on the Ethereum Blockchain. With the new registry, users will be able to connect any cryptocurrency address to their domain.
According to Mathew Gould, Founder and CEO of Unstoppable Domains:
“.Crypto is a domain name system meant to be used for any cryptocurrency payment and with any cryptocurrency wallet. Sending money to a .crypto domain is a way simpler user experience for the millions of cryptocurrency users that currently have to copy/paste and type in long addresses in order to transact.”
In addition, the .crypto domains are currently accessible free of charge to users who purchase a .zil domain of eight characters or more. The offer is valid until 21st October. The price of premium domains is between $250 to $1,000.
Moreover, Unstoppable Domains is backed by renown investors; Tim Draper of Draper Associates and Boost VC who invested $4 million in its Serie A funding round. Both Zilliqa Foundation and Ethereum Foundation funded the firm $40,000 and $25,000, respectively.
What can Blockchain Domains do?
In addition, Blockchain domains can perform a number of activities that traditional domains can do:
- Uncensorable websites: No company or even state organization can control the content you show on your website.
- Payment: These domains can be used as a payment gateway for cryptocurrency transactions. Payments can be anywhere in the world. Additionally, it’s cheaper and faster.
- No Custodian: no third party can seize or take them.
- No renewing: You pay once and the domain is yours forever.
- Alternate root: they do not require approval from ICANN
- Transfer: actually, these domains don’t require an escrow agent to securely exchange the domain or funds. The transfer happens in less than a minute anywhere in the world.
An unstoppable Domain is based in San Francisco. The company is not planning to raise any more funds in the future.
About The Author
Mary BrendahMy first love is music – then goes writing. I don’t write fiction, I analyze bulls and bears in markets. I call it my jungle, the digital jungle of crypto and chains.
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