1inch integrates the Unstoppable Domains service

1inch Defi project announced partnership with a decentralized registrar of domains Unstoppable Domains. This was reported by FORKLOG representatives of the project.

This step will allow users 1inch Wallet to make transactions in a more convenient way, replacing https://newsportal.com.ua/2022/10/28/the-factom-project-announced-the-start-of/ complex addresses with domain names. The latter are non -replaced tokens (NFT).

“Problems of user experience, security and identification still restrain the mass implementation of Web3. Partnership with Unstoppable opens up opportunities for overcoming these barriers, ”said the co -founder of 1inch Network Sergey Kunts.

According to the press release, when translating cryptocurrencies, 1inch Wallet users can enter the recipient’s address like “Andy.Wallet "or" Money.Crypto ". The project team said that such names “increase the safety of transactions by thoroughly checking addresses and preventing errors of sending”.

“We are pleased to cooperate with 1inch to do operations with cryptocurrency, access to it and its purchase more simple and intuitive,” Unstoppable Domains, Sandy Carter, emphasized, emphasized.

In July 2022, the NFT domain provider attracted $ 65 million when assessing $ 1 billion. Previously, the Платформа Shopify startup was supported by Draper Associates Tim Draper in the round of $ 4 million.

Recall that in August 1inch Network announced integration with the Aurora Ethereum virtual machine.

Later, the Defi project announced the distribution of 300,000 OP tokens among its users.

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