1-inch wallet users get domain names with Unstoppable Domains partnership

Aggregator DEX said the partnership will drive wider adoption of DeFi and Web3 products and services.

Decentralized exchange aggregator 1inch has partnered with Unstoppable Domains to help users simplify cryptocurrency payments — a move the company says could boost wider adoption of products and services decentralized finance (DeFi).

As part of the partnership, users of 1-inch wallets can enter "human-readable domain names" when sending crypto payments using Unstoppable's naming service. This allows users to use customizable domain names instead of long alphanumeric crypto wallet addresses. Like all unstoppable domain addresses, the wallet address will be minted on the blockchain as a non-fungible token (NFT), with no additional minting or renewal fees.

Sergej Kunz, co-founder of 1inch Network, said the Unstoppable Domains partnership could promote wider adoption of Web3 products and tools. "User experience, security and identity issues continue to hold back mainstream adoption of Web3," he said, adding that the partnership "opens up opportunities to overcome these barriers by making the integration of Web3 more fun and engaging".

NFT Unstoppable domain platform raises $65 million in funding round.

The platform has confirmed that it will invest the money in product innovation and growth within Web3. https://t.co/4wvILOF8oW

As of July, Unstoppable Domains has registered 2.5 million domains and integrated with over 150 Web3 apps. The 1-inch integration adds to a growing list of over 80 wallets and exchanges supported by the NFT naming service.

Related: MoonPay to Make Web3 Payments with Unstoppable Domains Partnership

Unstoppable's valuation soared to $1 billion this year after the company raised $65 million in a Series A funding round. Unstoppable's growth has...