The cryptocurrency world is always changing, and the DNS team’s latest news is proof of this. DNS (or Domain Name System) is responsible for translating domain name into IP addresses. This allows users to access websites online. The DNS team has been hard at work to offer new opportunities to crypto users. They have also recently made it possible to mint Polygon $MATIC domains.
Sandeep Nailwal co-founder of Polygon shared the exciting news via Twitter. He stated, “Now you have #Polygon $MATIC domains. Sandeep Polygon, are you listening? Users can now register domain names and buy them with the $MATIC token. This token can be used in a variety of ways within the Polygon ecosystem.
The DNS team is also planning to launch $AVAX domains and $DOGE domains within the next few months. This is a great opportunity for crypto users as they can use their favorite tokens in order to buy and register domain names. The DNS project is currently valued at $3 million, despite its potential for enormous growth. This begs the question: How is it possible that such a unique project with so much potential hasn’t gained more traction in this market?
This could be because many crypto users don’t know about the DNS benefits. Another possibility is that the project has not received sufficient exposure. This is likely to change with the announcement of a CEX listing. DNS will be listed on the major centralized exchange. This will enable more users to benefit from its benefits.
DNS can be compared with Ethereum Name Service (ENS), which provides Ethereum address at a market value of $1.6 million. DNS provides addresses on multiple chains instead of Ethereum. DNS is a very promising platform for growth, even though it has a $2.5 million market cap.
The DNS team is working hard to bring new opportunities to crypto-users, including the possibility of purchasing domain names with their preferred tokens. DNS has the potential to grow rapidly and is expected to list on CEX in the near future. DNS is worth your attention, whether you are a veteran crypto investor or new to the area.