free counter

Coinbase Partner With ENS TO GENERATE Web3 Usernames

Coinbase, among the worlds hottest cryptocurrency websites, has officially announced a partnership with the Ethereum Naming Service (ENS) to generate unique usernames. Coinbase hopes the brand new partnership increase Web3 adoption amongst its users. Actually, because the early announcement between your two companies in September, ENS registrations have significantly risen.

image of Coinbase and ENS logo
Coinbase and ENS are teaming around create ENS usernames.

Coinbase and ENS synergy for usernames

The brand new partnership between Coinbase and ENS will generate unique usernames. Importantly, they are absolve to claim for everybody. Furthermore, to simplify the procedure, existing .eth addresses can simply connect their existing names to the brand new Coinbase ID system.

In a tweet confirming the brand new partnership, @ensdomains tweeted, ENS + Coinbase. Aligned with this mission to create web3 more accessible, we partnered with @coinbase to generate CB id usernames, a free-to-claim web3 username! Existing .eth addresses can connect existing names to seamlessly transact and build out your web3 digital identity.

So, the advantage of running a username is that users is now able to construct a decentralized digital Web3 identity. The partnership between Coinbase and ENS can make also Web3 more accessible for an incredible number of Coinbase users.

The brand new partnership aims to resolve key problems in Web3 adoption

Among the core problems in the worldwide adoption of Web3 and cryptocurrency may be the 42-character addresses comprising random numbers and letters.

That is intimidating for novices and may cause problems if people type the address wrong throughout a transaction. ENS and Coinbase desire to solve this by supplying a simplistic personalized identification system.

ENS is hugely popular now and several argue that this is actually the future of blockchain addresses. The other day, Shark Tank investor Matt Higgins, brought an ENS domain for $50,000.

All investment/financial opinions expressed by aren’t recommendations.

This short article is educational material.

As always, make your personal research before making any type of investment.

Read More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker