On November 17th, KEY3.id’s DID protocol launched a permanently free .did domain early bird events, with more than 10,000 users participating online. Within 24 hours, the on-chain gas fee consumption surpassed ENS, resulting in a 50% growth rate for .did domain holders. At present, the number of KEY3.id community members have exceeded 60,000 in the first week.
KEY3.id has reportedly partnered up with BitKeep Wallet, iToken Wallet, Bybit, KuCoin Wallet, Coinhub Wallet, ONTO Wallet, Assure Wallet, Element.market and other industry-leading wallets, DeFi, and exchanges. DAO organizations, NFT communities and more to build a network for the .did domain.
The .did domain is permanently free, de-factionalized, supports cross-chain, has a fair distribution scheme and has the support of top-level partners. The .did domain also has a distinctive competitive advantage compared to other DID projects, where the current mainstream domain names from the public chains such as .eth, .bnb, .sol etc., are incompatible with each other and form fragmented user groups. At the same time, they also require an expensive renewal fee for ownership, therefore hindering new users to enter the Web.
KEY3.id also has opted for a…
