RATE Group | Draper-Backed Startup Launches .Crypto Domains on Ethereum
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Draper-Backed Startup Launches .Crypto Domains on Ethereum

11 Oct Draper-Backed Startup Launches .Crypto Domains on Ethereum

Posted at 16:34h in Ethereum News by

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A startup building domains on blockchains has just launched a .crypto name registry on ethereum.

Unstoppable Domains – a firm backed in May to the tune of $4 million by Draper Associates and Boost VC  – said Friday that the new .crypto extension can be connected to users’ public cryptocurrency address, allowing third-parties to more easily send funds.

Doing away with long, complex crypto address (for example, a bitcoin address will look something like “1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2”) in favor of a more memorable and less mistake-prone domain will “simplify cryptocurrency payments and lead to mainstream adoption,” Unstoppable Domains claimed.

The firms indicated it’s already seen a high level of interest in its first domain extension, .zil, with over 100,000 having been sold.

The original service was built on the Zilliqa blockchain (hence the .zil domain) and the website content was stored on the InterPlanetary File System (IPFS) or other…

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