ONCHAIN NAMESPACES: AN EMERGING CRYPTO BUSINESS MODEL

Summary from the TLDR Crypto newsletter

This author explains why he’s excited about the emergence of namespaces as a service, which includes unique digital identifiers like domain extensions, social media usernames, or phone numbers. The model has been previously used by Ethereum Name Service with .eth usernames. Subsequently, the emergence of a cross-chain interoperability protocol has further encouraged the creation of new namespaces, which has opened the door to new business models. Crypto consumer apps could potentially create native namespaces, offering lucrative opportunities and greater protocol flexibility.