MoonPay will make Web3 payments in partnership with Unstoppable Domains
Ivan Soto-Wright, co-founder and CEO of MoonPay, said that the partnership expands the end part of the user's journey by replacing complex character sets with human-readable domains in NFT.
Unstoppable Domains is collaborating with the payment firm MoonPay on the integration of non-interchangeable token domains (NFT) into transactions on the platform. Thanks to the cooperation, MoonPay users can send and receive digital assets using their domain names, which saves them from having to enter long and complex wallet addresses.
In the announcement of thisIvan Soto-Wright, co-founder and CEO of MoonPay, said the partnership will make it easier for people to enter the Web3 world.
According to Soto-Wright, while MoonPay works with the interface, Unstoppable Domains expands the end part of the user's path by removing complex characters and replacing them with custom NFT domains.
Sandy Carter, CEO of Unstoppable Domains, also commented on the partnership, saying that it will make Web3 more intuitive. Carter believes that both experienced and novice cryptocurrency users will benefit from the simplified experience that will result from the collaboration.
In addition to payment transactions, NFT domains can also be used to log into decentralized applications (dApps), wallets and exchanges. It also allows users to choose which data they want to grant access to websites and applications.
Meanwhile, the demand for NFT domains continues to grow. Earlier in July, the number of registrations in the Ethereum Name Service increased by 200%. The increase in the number of registrations was caused by the hype on the background of the second largest domain sale .eth, when "000.eth" was sold for 300 ETH, which at the time of purchase was worth about $300,000.
Most recently, the co-founder of EthereumVitalik Buterin responded to critics questioning the Proof-of-Stake (PoS) consensus against the background of the upcoming merger of smart contract platform networks. According to Buterin, many of the critics' arguments are based on outright lies and serve to discredit the idea of PoS voting.
https://coin-signal.com/cryptonews/moonpay-will-make-web3-payments-in-partnership-with-unstoppable-domains/
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