1inch Integrates Unstoppable Domains’ Service

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DeFi project 1inch has recently announced it has entered into a partnership with decentralized domain registrar Unstoppable Domains.

The move will reportedly allow 1inch Wallet users to transact in a more convenient way by replacing complex addresses with domain names, which are NFTs.

Sergej Kunz, co-founder of 1inch Network, has commented:

“User experience, security and identity issues continue to hold back the mainstream adoption of Web3. The partnership with Unstoppable opens up opportunities to overcome these barriers.”

According to the press release, when transferring cryptocurrency, 1inch Wallet users can enter a recipient address like “Andy.wallet” or “Money.crypto”. The project team has said that such names “increase the security of transactions by carefully checking addresses and preventing sending errors.”