Polygon, an Ethereum scaling platform that is bringing millions of people to Web3, announced last week that Unstoppable Domains, the world’s leading non-fungible token (NFT) domain naming service, is the latest to join the Polygon ecosystem.
Unstoppable Domains users who migrate to Polygon will be able to purchase NFT domain names without having to pay claim fees, renewal fees, or gas fees.
Unstoppable Domains is the most popular NFT domain naming service on web3, with nearly 1.5 million NFT domains registered. It offers 10 NFT domain endings, including.crypto,.wallet,.nft, and.x. With over 750,000 registrations, the.crypto domain remains the fastest growing and most popular.
Domains arrive at the Polygon network.
These domains can be used to simplify cryptocurrency payments by replacing complex wallet addresses with usernames, such as brad.crypto or jennifer.wallet.
They also enable users to host decentralized websites and NFT galleries, which can then be uploaded to the InterPlanetary File System (IPFS), a peer-to-peer distributed file storage and sharing system.
Furthermore, their newly released login product will allow domain names to be used as a decentralized login. Domain names and data will be portable across all apps, both traditional on web2 and decentralized on web3.
Unlike other name services, Unstoppable does not require domain renewal fees because the user owns the domain forever rather than paying rental fees.
All gas fees for Unstoppable Domains users will now be covered on Polygon’s full-stack scaling solution, making NFT domains free to mint and manage as a result of the Polygon integration. Existing users will also be able to transfer their domains from Zilliqa and Ethereum to Polygon for free domain management.
“Moving to Polygon was the logical next step for us to make NFT domains more accessible, especially as Ethereum costs and speeds become prohibitive,” explained Matthew Gould, Founder & CEO of Unstoppable Domains.
“We’ve already sold the most NFT domains, and by integrating with Polygon, we expect this number to grow rapidly, allowing for more innovation in the NFT and DeFi space,” he added.
What else is there to say about Unstoppable Domains?
Users of Unstoppable Domains will now have access to Polygon’s rapidly expanding ecosystem of over 700 wallets, exchanges, and dapps, including Opensea, MyEtherWallet, Huobi Wallet, imToken, Aavegotchi, and others.
“With more and more apps being built on Polygon, it was critical for Unstoppable Domains to add more value to its NFT domain names,” said Shreyansh Singh, Head of Polygon Studios. Users looking to claim an NFT domain name have a much more appealing solution with no gas costs and no barrier to Polygon’s massive ecosystem of apps.”
Furthermore, Polygon apps will resolve domains by reading Polygon smart contracts. Polygon will also be adding domain resolution to their API and Matic.js library, making it simple for Polygon apps to use domains for wallet payments and logging in with dapps.