Web3 is a term used to describe the next evolution of the internet, which will be decentralized, user-owned, and powered by blockchain technology. It has been hailed as the future of the internet and is expected to transform the way we interact with digital services, data, and identities.
One of the most exciting use cases of Web3 is digital identity, and the market value for digital ID is predicted to reach $70bn by 2027. Digital identities will enable users to take control of their data and build their identity over 40,000 Web3 services, send and receive crypto to an easily readable wallet address, create decentralized websites, and so much more.
In light of this, Polygon, a Web3 giant, has partnered with Unstoppable Domains, the world’s leading Web3 domain provider, to launch its own Web3 domain, .Polygon. This will enable over 180 million users of the Polygon blockchain to take control of their digital identities and data.
“Web3 domains will give our community a digital identity that they fully own, so they can log into dapps without giving away their personal information and transact crypto without lengthy wallet addresses,” said Sanket Shah, Vice President and Head of Growth at Polygon Labs. “We’re thrilled to make user-owned digital identity a core part of the Polygon ecosystem.”
With .Polygon domains, people can create a digital identity that they fully own and signal their support for Polygon, which hosts some of the biggest projects in Web3, DeFi apps, and NFTs. This will enable dApps in the Polygon ecosystem to build community and deepen their relationships with users. Dapps can join Unstoppable’s community of 750 integrated apps by adding Login with Unstoppable – allowing users to log in seamlessly with a .Polygon identity, without having to remember a password or crypto wallet address.
Moreover, every domain minted and transacted on Polygon will be carbon neutral and eventually carbon negative, contributing to the overall goal of leading Web3 in becoming carbon negative.
The launch of .Polygon domains will give users a portable identity to use across more than 750 apps, games, and metaverses. Web3 domains can be used to log into web applications, replace lengthy crypto wallet addresses, and create decentralized websites. Additionally, Unstoppable Domains allows people to create profiles and connect them with their social channels, showcase on-chain tokens like tickets and awards, display badges, and more – creating a single digital identity for Web3 and the metaverse.
To celebrate the launch, Unstoppable Domains is offering an exclusive discount of 25% off, up to $25 total, on .Polygon domains for the next 48 hours only on the Unstoppable website. Following the sale, starting March 16, Unstoppable Domains will launch exclusive access to premium .Polygon gaming and digit domains.
The launch of .Polygon domains is a significant step towards enabling user-owned digital identities and building the Web3 ecosystem. With digital identities becoming more prevalent, it is essential to have effective solutions that provide users with control over their data and identities. .Polygon domains, in partnership with Unstoppable Domains, will enable users to take control of their digital identities, transact crypto without lengthy wallet addresses, and create decentralized websites, contributing to the overall goal of leading Web3 in becoming carbon negative.