Unstoppable Domains has partnered with crypto payment company MoonPay to incorporate non-fungible tokens (NFT) domains into transactions within the platform. With the collaboration, MoonPay users can send and receive digital assets using their domain names, eliminating the need to enter long and complicated wallet addresses.
In an announcement sent to Cointelegraph, Ivan Soto-Wright, the co-founder and CEO of MoonPay, said the partnership will make it easier for people to come into the Web3 world.
According to Soto-Wright, while MoonPay is dealing with the front end, Unstoppable Domains improves the tail of a user’s journey by removing the complex characters and replacing them with customizable NFT domains.
Sandy Carter, an executive at Unstoppable Domains, also commented on the partnership, saying it will make Web3 more intuitive. Carter believes that both experienced and novice crypto users will benefit from the streamlined experience that will come as a result of the collaboration.
In addition to payment transactions, the NFT domains can also be used as a way to log in to decentralized applications (DApps), wallets, and exchanges. It also allows users to choose which data they want to give access to websites and applications.
Related: Dozens of VIP supporters are investing $ 87M in crypto payment company MoonPay
Meanwhile, demand for NFT domains continues to increase. Earlier in July, registrations for Ethereum Name Service rose by 200%. The increase in registration was driven by hype amid the second largest sale of .eth domain when “000.eth” was sold for 300 Ether (ETH), worth about $ 300,000 at the time of purchase.
More recently, Ethereum co-founder Vitalik Buterin has responded to critics questioning the consensus on proof of interest (PoS) amid the upcoming Merger of the smart contract platform. According to Buterin, many of the arguments coming from critics are based on unbridled lies and provided a rejection on the issue of PoS voting.