Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Unstoppable Domains Introduces Ethereum and Polygon NFT-Based Sign-On

CryptocurrencyJan 11, 2022 06:00PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters Unstoppable Domains Introduces Ethereum and Polygon NFT-Based Sign-On

There is a constant need for evolution in the operation of cryptocurrency platforms, especially when establishing digital identity. Unstoppable Domains, a business developing identity apps for a blockchain-based Web3, has released a single sign-on solution for Ethereum and Polygon utilizing NFT domains.

The tech domain has announced the launch of their project today called; "Login with Unstoppable." The feature allows users to log in using an NFT domain, a notion strengthened in adoption potential by the recent growth in NFT ownership.

This feature is quite different from other logins solutions where the websites can mine and sell your data. The "Login with Unstoppable" requires you to sign in with a unique username in the form of an NFT and makes it 100 percent yours and also secured against data mining.

Also Read: More Than 14,000 ETH Burned in Last 24 Hours, Here’s Why

According to Unstoppable Domains CEO Matthew Gould, the system operates similarly to Google (NASDAQ:GOOGL) sign-in. However, without the eavesdropping and with far more freedom, "We believe that NFT domains offer an excellent platform for establishing digital identity," he said, adding that his company has been studying methods to use the technology since early 2018 when it was known to as the ERC-721 standard.

According to Gould,

"If you want to disclose any private information about yourself, such as your email address, credit score, or some KYC [know-your-customer] data, you can now do so by linking a single sign-on protocol to your NFT domain."
There has been considerable progress made in the area of decentralized identification, with applications such as the Ethereum Name Service (ENS) gaining traction in recent months. According to Gould, signing in using an NFT rather than an address is more secure and user pleasant. "If you sign in with an NFT, you also have the option of storing it with a custodial provider, for example, and continuing to use it as an identity," he said.

According to Gould, it is also an effective strategy to solve the user experience issues connected with Web 3 and increase adoption amid the broader NFT excitement.

Continue reading on BTC Peers

Unstoppable Domains Introduces Ethereum and Polygon NFT-Based Sign-On
 

Related Articles

OpenSea Updates Design, Users Stay Critical
OpenSea Updates Design, Users Stay Critical By DailyCoin - May 28, 2022

NFT marketplace OpenSea implemented a major upgrade on its design this week to simplify the user experience and put more focus on user content. The world’s biggest...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email