Web3 domains have emerged to simplify blockchain transactions by converting complex wallet addresses into memorable names or symbols. Take Ethereum Name Service (ENS) as an example—instead of a typical 0x-prefixed Ethereum address, users can transform it into something like xx.eth (where xx could be a name or personalized symbol).
Over the past year, domain services have ignited Web3 adoption, becoming even more popular as the market entered a bear phase. This trend has extended beyond Ethereum to other blockchain ecosystems, with projects launching their own domain services. Recently, SpaceID filled a critical gap in the BNB Chain ecosystem.
Why Web3 Domains Matter
Bridging Identity and Utility
Like ENS, SpaceID provides a Web3 identity, enabling users to:
- Navigate the metaverse
- Trade cryptocurrencies
- Lend tokens
- Mint NFTs
...all under a unified, user-friendly ID.
Built on an open-source, chain-agnostic blockchain, SpaceID connects people, assets, and applications without centralized control. Its decentralized, censorship-resistant nature ensures seamless interoperability across dApps and chains.
Solving the Multi-Identity Problem
Today’s Web3 users juggle multiple identities:
- Legal names
- Email addresses
- Social media handles (e.g., Twitter)
- Wallet addresses across chains (BNB, Ethereum, etc.)
This fragmentation creates friction. SpaceID unifies these identities under a single, portable Web3 name, enhancing usability and reducing errors (e.g., sending crypto to the wrong address).
How SpaceID Stands Out
1. Universal Domain System
- Brand Consistency: Use one name across all chains (e.g., :Allen for BNB, Ethereum, and Solana).
- Structured Naming: Separates top-level domains (TLDs) from user domains (e.g., BAYC:001 or ETH:Allen).
- Web2 Integration: Link existing identities (e.g., Twitter handles) to your Web3 name.
2. Custom TLDs for Communities
- NFT Integration: Projects like BAYC can airdrop tokens to BAYC:XX subdomains automatically.
- Cross-Chain Functionality: Send Solana-based crypto to a .bnb domain effortlessly.
3. Developer-Friendly SDK
- 30-Minute Integration: Partners can quickly adopt SpaceID’s tools.
- Aggregates Other Services: Resolves ENS and other major domain systems via a single SDK.
FAQ: Addressing Key Questions
Q1: How much does a SpaceID domain cost?
A: Approximately $5/year, with low gas fees on BNB Chain.
Q2: Can I use my SpaceID across different blockchains?
A: Yes! SpaceID is chain-agnostic, so one name works everywhere.
Q3: How is SpaceID different from ENS?
A: While both offer Web3 naming, SpaceID supports custom TLDs and tighter Web2/Web3 identity merging.
The Road Ahead
BNB Chain is outperforming Ethereum in key metrics:
- 2.8M daily transactions (vs. Ethereum’s 1.3M)
- 143M unique addresses (2.7% weekly growth vs. Ethereum’s 0.87%)
- $5.5B TVL, making it the second-largest crypto ecosystem.
👉 Explore how SpaceID is shaping the future of Web3 identity
Historically, domain trading (e.g., Web2’s Yao Jinbo) created fortunes. Now, Web3 domains like SpaceID offer dual utility:
- Simplified transactions (replace wallet addresses).
- NFT-based digital IDs (store profiles/metadata).
Adoption hinges on dApp integration, but with its low-cost, multi-chain design, SpaceID is poised to become a cornerstone of Web3 identity.