ICI Bucharest to use Elrond blockchain to develop decentralized domains and a...
The two entities seek to enhance the integration of innovative Web 3.0 technologies in everyday use. On Tuesday, Romania's National Institute for Research and Development In Informatics, also known as ICI Bucharest (ICI), announced that it would be building an institutional nonfungible tokens, or NFTs, marketplace and a decentralized Domain Name System.Both services will be built on the Elrond (EGLD) blockchain, which is known for its ability to speed up transactions via sharding. ICI was founded in 1970 and is currently the most institution for government-sponsored research in the field....
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The blockchain developer announced it will transform into MultiversX, as it shifts focus on metaverse development and introduces three new products. The blockchain technology developer Elrond announced it will redefine itself as a new brand with a focus on the metaverse.Formerly known as Elrond, the company will move forward under the new name MultiversX with the introduction of three new metaverse-forward products. xFabric, xPortal and xWorlds are the three new tools behind the rebrand, all of which aim to help metaverse creators and users. The tools include a metaverse portal, digital....
Everyone is now familiar with the term “NFTs,” which provide users with decentralized asset ownership and legitimate property through blockchain technology. Similarly, NFT domains are currently trending with a similar approach of giving users ownership rights, but the difference is that these NFT domains can be stored as an asset, used to host a decentralized website, or even change heavy digital wallet addresses to make them human-readable. Quik.com is paving the way for users to mint their very first NFT domains.
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In contrast to traditional domains stored on behalf of users by custodians like Google Domains, .crypto domains are stored in crypto wallets. Major privacy-focused browser Brave is the latest browser to integrate support of decentralized domains by blockchain domain name provider Unstoppable Domains.Brave announced Thursday that its browser now provides native support for the crypto domain name company, allowing users to seamlessly access .crypto domains via desktop and Android applications.The new feature unlocks access to 30,000 decentralized websites and more than 700,000 blockchain....
NFT domains enable users to establish a presence on the decentralized web and the metaverse, with Quik.com providing top-level domains such as .metaverse, .vr, .web3, and many other powerful options for users to claim.
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The metaverse ideology and the emerging concept of brands establishing themselves in the decentralized web-based virtual universe have created a race for top-tier domains for businesses, individuals, and many developers to acquire the best at the early stages of this virtual universe.
While traditional domains optimize a....
India's largest cryptocurrency exchange will use Unstoppable Domains to create and host blockchain-based URLs, despite the nation's impending Bitcoin ban. India’s largest cryptocurrency exchange, Unocoin, has adopted the blockchain-based Unstoppable Domains, which simplifies crypto transactions by turning blockchain addresses into human-readable web URLs.Announced on Wednesday, the partnership between Unocoin and Unstoppable Domains — both funded by Silicon Valley investor Tim Draper — is expected to reduce remittance costs and simplify the transaction process for the exchange’s 1.2....