Introducing SPACE ID 3.0: A Permissionless Name Service Protocol for All Web3 Communities
Empowering Every Community to Launch Their Own Web3 Top-Level-Domain
In the fast-paced world of Web3, where innovation knows no bounds, the SPACE ID community stands at the forefront, leading the charge towards a revolutionary way of navigating the decentralized landscape. Our tunnel vision is focused on building a universal name network, and achieving this destination requires a strategic approach.
The launch of SPACE ID 2.0 Upgrade showcased our first stride towards this vision: a one-stop identity platform to discover, register, trade, and manage Web3 domains. Within 6 months, SPACE ID 2.0 has accumulated over 1.1 million registered domains & achieved a trading volume of ~$10 million.
With the groundwork laid, how do we BUIDL even higher?
Today, we are thrilled to introduce SPACE ID 3.0, a permissionless name service protocol for all Web3 communities. This momentous upgrade not only brings us closer to our ultimate vision but also introduces significant enhancements to our platform and governance structure. Join us as we explore the possibilities and potential that SPACE ID 3.0 unlocks for the future of Web3 communities.
SPACE ID 3.0 Vision
At the core of the 3.0 upgrade lies a powerful vision — to establish a universal name service that transcends Web3 communities. SPACE ID has successfully launched the .bnb Name Service, brought the .arb Name Service to the ecosystem, and co-launched the .sei Name Service with Sei Network not too long ago. However, we firmly believe that each community should possess its own customized Top-Level-Domain (TLD), granting them complete control over their namespace and building a loyal user base by offering community members unique branded identities.
Beyond simplifying the complexity of traditional crypto addresses, these domain services hold the potential to empower communities on multiple levels:
- By strengthening digital identity, the domain becomes a true expression of community affiliation.
- Customizable domain parameters for specific needs, including tenor, pricing, resolving function, record registry, metadata, and more, encouraging innovative use cases.
- Fortifying a community’s unique brand identity in the digital realm.
With great enthusiasm, we encourage everyone to use their creativity and explore the boundless potential of Web3 domains, forging even stronger and more vibrant communities. Together, we shall build a future that embraces decentralization and connectivity, and SPACE ID 3.0 will make this happen.
Platform Innovation
To serve the SPACE ID 3.0 vision, the upgrade will be armed with an array of new features for the current platform, aimed at helping communities launch their own name services and turbo-charging the registration experience. The platform upgrade consists of the following properties:
1. Permissionless One-Stop Domain Issuance Toolkit: Our platform will equip communities with powerful tools to launch their desired domain name service without any development effort:
- Create a Top-Level-Domain with a few clicks
- Fully packed go-to-market launch modules
- Access to tailored Domain NFT Marketplace
- Readily available domain management & resolution API services
- Potential inclusion in SPACE ID Web3 Name SDK to instantly integrate with 200+ partners
2. Web3 Name SDK: Our main product has never been more powerful! It will simplify the integration of verified Web3 domains with a single, comprehensive SDK, streamlining the process for communities once and for all.
3. Domain Dashboard: Seamlessly manage and leverage domains for continued community engagements through our intuitive dashboard, providing a user-friendly experience for administrators and community leaders.
Empowering Web3 Domain Ecosystem with Decentralized Governance
In our pursuit of fostering a more open Web3 domain ecosystem, while at the same time ensuring orderly growth and resolving potential conflicts (e.g. domain collisions), the DAO will take center stage in SPACE ID 3.0 governance, along with:
- More governance power & responsibility for $ID token holders, including determining the legitimacy of a Top-Level-Domain and the required verification standard
- $ID token staking to utilize the SPACE ID 3.0 protocol and tools
- Additional revenue for DAO treasury from the protocol fee charged on the Top-Level-Domains launched on SPACE ID 3.0
The governance principles will be further developed and discussed with the community. More details to come.
SPACE ID 3.0 Launch Partners
Finally, We are excited to announce our esteemed launch partners joining SPACE ID 3.0, leveraging our innovative platform to launch their respective domain name services. Among them are Sei, Injective, ZetaChain, PancakeSwap, KuCoin Community Chain, Gnosis Chain, Opside, and more relevant collaboration details are to be announced. With their expertise and commitment to building stronger communities, we are confident that this collective effort will reshape Web3 and take SPACE ID to the next level.
The SPACE ID 3.0 upgrade will be gradually rolled out in multiple phases over the next couple of weeks. If you are interested in launching a Top-Level-Domain for your community, kindly fill in the waitlist form: https://forms.gle/6XedZFUy6zaFi1nn9.
About SPACE ID
SPACE ID is building a universal name service network with a one-stop identity platform to discover, register, trade, manage web3 domains. It also includes a Web3 Name SDK & API for developers across blockchains and provides a multi-chain name service for everyone to easily build and create a web3 identity.
