Digital Identity Venture Punk Domains Joins Forces with Flare, Celebrates Extensions Launch
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
July 3rd, 2023 — Web3 domain name protocol Punk Domains has teamed up with the Flare blockchain and garnered thousands of registrations for its newly-launched domain extensions, .SGB (Songbird Domains) and .FLR (flr.domains).
Serving as human-readable labels for blockchain addresses, the domains can represent personal usernames, profiles, and identities in the fast-growing web3 world. Users can use their web3 domains as social media handles, attach data to them, and simplify the process of sending tokens by using a domain rather than a long string of alphanumeric characters.
Punk Domains now plans to integrate the domains into the Bifrost wallet, enabling all Flare users to mint their domains and transfer funds in a much easier way. The Flare Time Series Oracle (FTSO) will also be integrated to ensure fixed domain pricing regardless of SGB and FLR price deviations.
“When we launched our protocol on Songbird, the community welcomed us warmly and with great excitement,” said Punk Domains’ co-founders Techie.flr and Tekr.flr.
“Their support touched us deeply and inspired us to create even more tools in this ecosystem. We're eagerly looking forward to what lies ahead as we continue building on Flare and Songbird.”
Prior to launching .SGB and .FLR, Punk Domains created a number of domain services including .smol in the Arbitrum-based Smolverse and .klima domains alongside klimaDAO. The venture also created an open-source decentralized social network built on Songbird, SGB Chat. The network features integrated DeFi tools that enable users to access token swaps and other DeFi features without leaving the platform.
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