Unstoppable Domains Integrated Into OKEx Wallet
- Users of the OKEx wallet will be able to send and receive crypto through a single, customized domain name.
- The integration will set a new standard for crypto wallets, OKEx CEO Jay Hao said.
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Cryptocurrency exchange OKEx has integrated support for blockchain-based addresses to its customer wallets.
The integration will enable users of the OKEx wallet to send and receive cryptocurrencies through a single .crypto or .zil domain name. This means users won’t have to provide separate, 40-character addresses for payments in different currencies.
According to the company’s press release, introducing Unstoppable Domains demonstrates OKEx’s support for the furtherment of the decentralized web. Jay Hao, the CEO of OKEx, said that introducing simplified address formats will enhance the user experience on the exchange and help onboard more people to crypto.
Unstoppable Domains has registered more than 250,000 domains to date. The integration with the OKEx wallet will help set a new standard for cryptocurrency wallets and push blockchain adoption into the mainstream, the company said in the release.
- The newly introduced DeFi Hub ecosystem supports two core products, an NFT Marketplace and a DeFi Dashboard.
- The new marketplace aims to accelerate the adoption of NFTs by enabling users to buy, sell and trade non-fungible tokens “with zero fees paid out to OKEx”.
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- Brave’s support for .crypto domains was enabled through an integration with domain name provider Unstoppable Domains.
- Both Android and desktop Brave users will now have access to more than 30,000 decentralized sites and over 700,000 blockchain domain names.
- The layer-2 scaling solution is currently available on the OKEx desktop website and is yet to go mobile.
- The integration will benefit the entire Bitcoin ecosystem, as it will increase the number of participating lightning network nodes.