FTX integrate Bonfida's flagship service to enable domain withdrawal function

cointelegraph.com:

Bonfida, a multifunctional infrastructure built around Solana blockchain, has announced that their Solana Name Service, or SNS, will be integrated into cryptocurrency exchange FTX, in a bid to expand the former's digital footprint and adoption rate.

Alongside the SNS, Bonfida are recognized within the industry their for deployment of the inaugural decentralized exchange, or DEX, on Serum in September 2020, as well as presently serving as an API on-chain data analytics service to the Solana ecosystem, in addition to orchestrating governance mechanisms through their native FIDA token, among other functions.

The Solana-centric SNS platform has enabled in excess of 150,000 users to register and interact with .sol domain names, to receive and send digital asset payments, transact IPFS CID data, as well as images, among more.

The service could be deemed comparable to the highly popular Ethereum Name Service (ENS) which increased its notoriety within the space in November 2021 following the launch of a token airdrop exclusive to early adopters of the protocol.

Cointelegraph spoke to Bonfida’s business developer for greater clarity on their expectations for how the partnership will impact, and subsequently evolve, the projects ecosystem.

“It truly shines light on the utility of .sol domain names we have wanted to prove for a while. CEXs are still dominating and although we have been popular on the Solana ecosystem - we are aiming for much larger adoption”, they stated.

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Recent quantitative statistics published by Bonfida's official twitter account indicate that the Solana Name Service facilitated 147,912 new domain names in January, and a further 158,598 in