What is SPACE ID (ID)?

Deep Dive

1. Purpose & Value Proposition

SPACE ID solves blockchain’s address complexity problem by letting users create unified web3 identities. Instead of copying 42-character addresses, you can send crypto to "alice.bnb" or "brand.arb" across 24+ supported chains (SPACE ID Blog). This interoperability extends to DeFi platforms, NFT marketplaces, and blockchain explorers – domains work everywhere from BscScan to Arbitrum’s ecosystem.

2. Technology Stack

The protocol uses a three-layer system:
- Jedi: Chain-specific smart contracts handling domain registration
- Yoda: Oracle network ensuring name uniqueness across blockchains
- Lucas: Metadata chain storing domain ownership history

This architecture enables features like Payment ID, which lets users receive crypto via email-alias names without owning a domain – adopted by wallets like Enkrypt and MetaMask (CoinMarketCap).

3. Ecosystem Growth

With 6.7M+ domains registered and 200+ integrations (including Chainlink data feeds and Magic Store wallets), SPACE ID has become critical infrastructure. Recent milestones include business verification systems where companies use ".bnb" domains as KYB credentials and AI tool access passes (X Post).

Conclusion

SPACE ID positions itself as the HTTPS of web3 – a foundational layer making blockchain interactions recognizable and secure. By standardizing domain services across chains, it reduces user friction while maintaining decentralization. As digital identity becomes web3’s battleground, can SPACE ID’s multi-chain approach outpace single-chain competitors like ENS?