FIO Protocol Launches NFT Domains Wrapped on Polygon

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press release

PRESS RELEASE. FIO Protocol, the starring decentralized solution for planetary blockchain usability, has announced the motorboat of FIO Domain wrapping connected the Polygon blockchain. Wrapping is the process of taking a token from 1 blockchain and making it disposable for usage connected another. This motorboat moves FIO Protocol into the $31.4 cardinal NFT marketplace by enabling users to buy, sell, and commercialized their FIO Domains arsenic ERC-721 NFTs connected each Polygon-enabled marketplaces.

Founded successful 2019, FIO Protocol offers NFT domain names that assistance users afloat custody of their decentralized integer identity. FIO Domains are utilized to customize FIO’s flagship product, FIO Crypto Handles, allowing users to personalize their decentralized integer individuality beforehand to backmost without requiring the usage of a standardized top-level domain (e.g. username[email protected]). At the clip of writing, FIO Protocol has registered astir 1 cardinal FIO Crypto Handles, which tin beryllium mapped to immoderate benignant of cryptocurrency wallet and utilized arsenic a single, user-friendly identifier successful spot of lengthy crypto wallet addresses.

Eric Butz, VP of Engineering, FIO Protocol: NFTs person tremendous imaginable to disrupt however originative industries run and radical power their Web3 identities. FIO Domain NFTs let users to afloat customize their Web3 individuality by creating a personalized FIO Crypto Handle to regenerate analyzable wallet addresses with a human-readable name. FIO Crypto Handles tin beryllium utilized to send, receive, request, and adjacent securely motion immoderate benignant of crypto transaction arsenic a mode to simplify the cryptocurrency acquisition successful enactment of wide adoption. Launching a wrapping solution connected Polygon expands entree to our FIO Domains and moves FIO Protocol straight into the rapidly increasing decentralized individuality market.

All FIO Domains are non-fungible tokens, which means they are secured by backstage keys connected the FIO blockchain and tin beryllium freely transferred betwixt accounts, users, and wallets by the backstage cardinal holder. The motorboat of FIO Domain wrapping scales the purchase, sale, and commercialized of FIO Domains to the wide adopted Polygon blockchain, an Ethereum furniture 2 scaling solution with much than 135 cardinal unsocial wallet addresses and 1.8 cardinal transactions arsenic of January 2023.

To get started with FIO Domains wrapped connected Polygon, sojourn the FIO Dashboard oregon ticker the demo video here.

Future updates for FIO Protocol volition beryllium announced via the authoritative FIO Protocol Twitter relationship and FIO Blog. To chat with the team, articulation FIO connected Discord.

About FIO

FIO, the Foundation for Interwallet Operability, is a decentralized consortium of blockchain organizations and assemblage members supporting the ongoing development, integration, and promotion of the FIO Protocol. The protocol is an open-source, decentralized usability solution that works crossed each blockchains, and uses human-readable Crypto Handles to regenerate the complexity, risk, and inconvenience that comes with blockchain-based transactions utilizing nationalist addresses. FIO Protocol is built connected the FIO Chain, a dPoS blockchain fueled by ecosystem utilization of the FIO Token ($FIO).

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