SPACE ID is a name service platform that allows users to perform all processes related to web3 domains from one centralized location. It includes a web3 name SDK and API for developers on different blockchains, as well as a multi-chain name service for creating web3 identities. The platform aims to provide a universal digital identity solution for web3.
The project was introduced in 2022 and had an ICO on Binance Launchpad in March 2023. At the time of writing, SPACE ID has provided more than 700,000 domains for close to 500,000 users.
SPACE ID currently offers two name services on BNB and Arbitrum blockchains, which are called .bnb Name Service and .arb Name Service respectively. These services allow users to register domains, own domain names in the form of NFTs, and set custom records for better user experiences. The service is based on Ethereum Name Service, but is said to be more simple to use and is supported by over 100 leading projects and protocols on both BSC and Arbitrum. These domains can be used to send funds, swap tokens, or purchase NFTs across applications. The names also offer branding and marketing opportunities, as well as enable user-owned identities and credibility.
ID is the native token of SPACE ID that provides its holders with fee discounts, means of payment, and voting rights on DAO proposals.
ID has a total supply of 2,000,000,000. The data on ID’s circulating supply is untracked.
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