SEI x Space ID — Why It’s so Important.
At fist — shortly about both:
SPACE ID
(SID) is a decentralized universal name service network that runs on top of blockchains (Ethereum, BSC, and Arbitrum and SEI). SID is also a Web3 domain and identity management platform which allows users to register, exchange, and manage crypto-based domain names.
SEI
Is the first Layer 1 specialized for trading, optimizing every layer of the stack to offer the best infrastructure for trading apps of all types — NFT marketplaces, gaming DEXs, and DeFi DEXs. Backed by Multicoin, Delphi, Coinbase, Hudson River, GSR, Flow Traders and angels from LayerZero, Frax, and Anchorage, Sei has 150+ teams from Arbitrum, Avalanche, Polygon, Solana, Aptos, and Sui building ahead of mainnet.
Why It’s so Important
Until now, SPACE ID has supported only 3 blockchains, which were listed above. SEI became the fourth and this is a significant step in the development of both SEI and SPACE ID.
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For SEI, this is a big step, because this blockchain has already been recognized as a breakthrough because of its technical features and outstanding transaction speed. Now it has added such a feature as domains. And given that SEI already has a huge community support, this additional feature will not even be a step, but an amplifier in raising SEI’s position in the “points system” that guides users and projects when they choose the blockchain they will use.
Also, to some extent, it puts SEI on a level with blockchains such as Ethereum, BNB, and Arbitrum
or even higher🤫
For SPACE ID, this is important because they get the fastest existing blockchain in their “portfolio”. Also, they have actually expanded by +30% by adding 1 more blockchain to the 3 existing ones.
In addition to improving their image, this will also lead to increased liquidity on the platform, especially given the hype around SEI and the amount of their supporters
Now I am already looking forward to getting my first .sei domain, as most of you probably are. So let’s wait for new announcements
And in order not to miss them — follow SEI social networks
