With DuckChain, the first EVM-compatible Layer 2 solution for the quickly growing TON network, SPACE ID, web3’s top multichain domain name service, is happy to announce its first-ever integration with the TON blockchain.
Users of DuckChain can create their digital IDs within their preferred community with SPACE ID.duck domain names, which improves user experience and boosts security on DuckChain.
Only their domain names are needed to transfer assets in MetaMask for SPACE ID Web3 Snaps.duck domain owners. For instance, “jane.duck” can be used to transmit money rather than a wallet address of 40–60 characters, where a single error could result in large losses. TON users can now access this for the first time.
The distinctive feature of TON is DuckChain, which enables developers to deploy Ethereum-based apps straight onto TON without changing the code. TON uses a proprietary, exclusive programming language.
To further streamline the user experience, DuckChain now enables safe cross-chain asset transfers and lets users pay gas prices with Telegram Stars in the Telegram App.
“Our goal at SPACE ID is to develop a genuinely unified domain name service that can be utilized throughout the blockchain ecosystem,” states Harrison Seletsky, Director of Business Development. A significant step toward accomplishing this final objective is this integration with a TON ecosystem project for the first time.We are thrilled to establish a connection with DuckChain’s active and thriving user base. We are also excited to introduce DuckChain as the entry point to the TON blockchain to our devoted and engaged privacy and security community.
The goal of SPACE ID is to provide a digital identity solution that is truly interoperable, and this additional integration helps achieve that goal. Additionally, SPACE ID is leveraging $TON for domain pricing for the first time, which will make onboarding easier for members of the TON ecosystem.
By connecting with Ethereum, Bitcoin, and other blockchains to facilitate asset bridging and development on TON, this project also supports DuckChain’s objective of increasing TON’s scalability and liquidity.
This announcement comes after SPACE ID recently integrated with Venus system, a synthetic stablecoin system and lending platform on the Binance Smart Chain. Again, by enabling users to engage and transact on Venus using their.bnb,.eth, and.arb SPACE ID handles, this integration greatly streamlines the user experience.
With its current support for 22 blockchain domain names across 18 blockchains, SPACE ID is a one-stop shop for managing safe, compatible digital identities that will be a key component of web3 as concerns about security, privacy, and user authenticity grow.
Regarding SPACE ID
Users may register, trade, and administer web3 domains from a single interface with SPACE ID, a multichain web3 domain and identity platform. Additionally, SPACE ID provides an SDK and API that applications can integrate into their platform to access web3 domain infrastructure. Additionally, it provides a multichain service that makes it simple for anyone to set up and maintain their own web3 identity.
Regarding DuckChain
The first TON consumer layer, DuckChain, is driven by Arbitrum and TONScale Labs. committed to converting billions of off-chain Telegram users to on-chain.
We at ebharat, are on a mission to educate masses about internet, domain names and their potential.
