SINGAPORE, December 19, 2024 (GLOBE NEWSWIRE) — SPACE ID, web3’s leading multichain domain name service, is pleased to announce its first-ever integration with The Open Network (TON) blockchain via DuckChain – its first EVM-compatible Layer 2 solution for the rapidly growing TON network.

SPACE ID .duck domain names allow DuckChain users to build their digital identities within their favorite community, providing improved user experience and security on DuckChain.

SPACE ID Web3 Snaps .duck domain owners can only transfer assets in MetaMask using their domain names. For example, “jane.duck” can be used to send funds instead of a 40-60 digit wallet address, where an error can result in significant losses. This is now available to TON users for the first time.

TON uses an exclusive, proprietary programming language and – uniquely – DuckChain allows developers to deploy Ethereum-based applications directly on TON without requiring any changes to the code.

DuckChain also enables secure cross-chain asset transfers and allows users to pay gas fees with Telegram Stars in the Telegram app, further optimizing the user experience.

Harrison Seletsky, Director of Business Development at SPACE ID, says: “Our mission at SPACE ID is to create a truly unified domain name service that can be used across the blockchain ecosystem. This first-ever integration with a project in the TON ecosystem is an important milestone towards this ultimate goal. “DuckChain has a strong and vibrant community and we are excited to connect with this engaged user group. We are also excited to introduce DuckChain as a gateway to the TON blockchain to our loyal and active community focused on privacy and security.”

This new integration supports SPACE ID’s mission to be a truly interoperable digital identity solution. This is also the first time that SPACE ID uses $TON for domain pricing, simplifying onboarding for TON ecosystem users.

This initiative is also in line with DuckChain’s goal of improving scalability and liquidity within TON through integration with Ethereum, Bitcoin and other blockchains to simplify the bridging and development of assets on TON.

This news follows SPACE ID’s recent integration with Venus Protocol – a lending platform and synthetic stablecoin protocol on the Binance Smart Chain. This integration, in turn, greatly simplifies the user experience by allowing users to interact and transact on Venus using their .bnb, .eth, and .arb SPACE ID handles.

SPACE ID now supports 22 blockchain domain names on 18 blockchains, making it a one-stop platform for managing secure, interoperable digital identities, which will become a pillar of web3 as security, privacy and user authenticity become increasingly important.

About SPACE ID

SPACE ID is a multichain Web3 domain and identity platform that allows users to register, trade and manage Web3 domains through a single interface. SPACE ID also provides an SDK and API that applications can integrate into their platform, integrating Web3 domain infrastructure into their ecosystem. It also offers a multichain service through which anyone can easily create and manage their own Web3 identity.

To learn more about SPACE ID, users can visit https://space.id/.

About DuckChain

DuckChain is the first TON consumer layer powered by TONScale Labs and Arbitrum. The goal is to bring billions of Telegram users from off-chain to on-chain.

To learn more, users can visit: https://duckchain.io/

contact

PR Director

Anna Fedorova

Block3 PR

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/18494c58-0e81-4489-af7d-7a95bf78f958

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