Changelly is a well-known cryptocurrency exchange platform. The company will now support different types of NFT addresses (.crypto, .zil, etc.). Specifically, Changelly will support addresses created with Unstoppable Domains, a Web 3.0-oriented self-sovereign identity platform. Changelly users may now customize their wallet addresses, and make crypto exchange processes even simpler than before.
Unstoppable Domains aims to tackle the long cryptocurrency wallet addresses that are currently the standard within the industry. This is done by converting those long addresses into NFT domain names. The Changelly X Unstoppable Domains partnership doesn’t only reduce the time that it takes for users to exchange crypto, but also combats the potential issue of entering the wrong wallet address during the exchange process.
All you need to do in order to acquire an Unstoppable Domains NFT domain is pay for it once. There are no future management or transfer payments, and no hosting fees involved. Unstoppable Domains support over 270 different cryptocurrencies, as well as serve over 1,7 million users.
Brad Kam, the co-founder of Unstoppable Domains, expressed his thoughts on the partnership between the project and Changelly:
“Unstoppable Domains’ integration with Changelly is another big step towards making the process of sending/receiving crypto stress-free. Removing the need for typing in long addresses no matter what you’re doing in crypto is critical for mass adoption of this technology.”
In their own right, the team behind Changelly pointed out their excitement regarding the partnership, as well:
“We are excited to see how projects like Unstoppable Domains are changing the crypto world. The partnership with Unstoppable Domains gives our clients a brand new opportunity to buy and exchange crypto in an even more seamless and user-friendly way. We believe that this partnership will simplify the exchange process for our customers.”
Custom, blockchain-based domain creation is considered to be one of the more-interesting uses of blockchain technology. These domains can be controlled via your private keys - this makes them completely decentralized.
NFT-powered domains are becoming a popular tool to sign into different apps, as well as trade cryptocurrencies between two or more parties. These domains are also popular in regards to Web 3.0, as well. Lately, more and more social media influencers replace their usernames with their NFT domain names.
In regards to Unstoppable Domains, the service was launched back in 2018, and serves as the main decentralized NFT domain name hub on the market. The company offers domain names ending in .crypto, .888, .x, .bitcoin, .dao, .wallet, .nft, and more - all starting from $5. By using NFT domain names, you will be able to access the decentralized web via the Brave or Opera browsers, or via extensions on Chrome, Firefox, and Edge.
All domain names on Unstoppable Domains are minted on the blockchain, and thus, are decentralized, with verifiable ownership. The company itself is backed by Draper Associates, as well as Boost VC. On top of that, it’s supported by grants from the Ethereum and Zilliqa Foundations. You can find more information on their website and official Twitter profile.
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