Human readable Cardano addresses that associate with the owner's wallet and a searchable web address displaying custom data. Simplifying the sending of assets.
AdaDomains aims to build a completely open and decentralized naming system for wallet addresses on the Cardano blockchain. This makes it easier for users to receive payments on the blockchain by being able to present others with a human readable domain, for example one would be able to simply send funds to: bulitoncardano.ada.
This is accomplished by creating the domains as NFTs and the wallet that holds the NFT representing the address e.g. bulitoncardano.ada, would be the receiver of the funds.
Searching this domain in a web browser will bring up a website where user can store other publicly available personal information, stored on the blockchain, such as:
- Social media handles
- Other crypto addresses
- Really whatever the user wants!
The project is in its early stage and problems have been identified by the team and both the problems and their potential solutions are discussed in the whitepaper.
Use case for such a service are numerous:
- Simplified payment addresses
- Decentralized websites who’s content is stored on the blockchain
- Custom information storage, the owners “business card” in a sense (or whatever they want to store there)
- Subdomain creation for accessibility and customization
Domains are NFTs and the creators of AdaDomains also aims to build a decentralized marketplace for domains as part of the platform