press release
NEWS RELEASE. FIO Protocol, the leading decentralized option for international blockchain functionality, has actually revealed the launch of FIO Domain covering on the Polygon blockchain. Wrapping is the procedure of taking a token from one blockchain and making it readily available for usage on another. This launch relocations FIO Protocol into the $31.4 billion NFT market by allowing users to purchase, offer, and trade their FIO Domains as ERC-721 NFTs on all Polygon-made it possible for markets.
Founded in 2019, FIO Protocol deals NFT domain that give users complete custody of their decentralized digital identity. FIO Domains are utilized to personalize FIO’s flagship item, FIO Crypto Handles, permitting users to individualize their decentralized digital identity front to back without needing making use of a standardized high-level domain (e.g. username@customdomain). At the time of composing, FIO Protocol has actually signed up almost 1 million FIO Crypto Handles, which can be mapped to any type of cryptocurrency wallet and utilized as a single, easy to use identifier in location of prolonged crypto wallet addresses.
Eric Butz, VP of Engineering, FIO Protocol: NFTs have huge capacity to interrupt how innovative markets run and individuals manage their Web3 identities. FIO Domain NFTs permit users to completely personalize their Web3 identity by producing a customized FIO Crypto Handle to change intricate wallet addresses with a human-readable name. FIO Crypto Handles can be utilized to send out, get, demand, and even firmly sign any kind of crypto deal as a method to streamline the cryptocurrency experience in assistance of mass adoption. Launching a covering option on Polygon broadens access to our FIO Domains and relocations FIO Protocol straight into the quickly growing decentralized identity market.
All FIO Domains are non-fungible tokens, which indicates they are protected by personal secrets on the FIO blockchain and can be easily moved in between accounts, users, and wallets by the personal essential holder. The launch of FIO Domain covering scales the purchase, sale, and trade of FIO Domains to the extensively embraced Polygon blockchain, an Ethereum layer 2 scaling option with more than 135 million special wallet addresses and 1.8 billion deals since January 2023.
To begin with FIO Domains wrapped on Polygon, go to the FIO Dashboard or enjoy the demonstration video here.
Future updates for FIO Protocol will be revealed through the authorities FIO Protocol Twitter account and FIO Blog. To chat with the group, sign up with FIO on Discord.
About FIO
FIO, the Foundation for Interwallet Operability, is a decentralized consortium of blockchain companies and community members supporting the continuous advancement, combination, and promo of the FIO Protocol. The protocol is an open-source, decentralized functionality option that works throughout all blockchains, and utilizes human-readable Crypto Handles to change the intricacy, danger, and trouble that features blockchain-based deals utilizing public addresses. FIO Protocol is constructed on the FIO Chain, a dPoS blockchain sustained by environment usage of the FIO Token ($FIO).
MEDIA CONTACT: press@fioprotocol.io, marketing@fioprotocol.io
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