- STP announces the launch of AWNS (Autonomous World Name Service) on Ethereum’s Base Network, marking a significant advancement in the blockchain domain.
- With over 500 AWNS already secured on Ethereum, this move signifies a major step in decentralized digital identity.
- “AWNS redefines the concept of usernames or domain names, transforming them into token-bound accounts powered by ERC-6551.” – STP spokesperson.
Discover the latest development in Ethereum’s ecosystem as STP introduces AWNS in the Base Network, leveraging the widely-used ERC-6551 feature to enhance digital identity and blockchain functionality.
AWNS Launch on Base Network: A Milestone for Ethereum’s L2
STP’s recent launch of AWNS (Autonomous World Name Service) on Ethereum’s Layer 2 (L2) solution, Base Network, marks a pivotal moment for the Ethereum ecosystem. Incubated by Coinbase, Base Network is rapidly emerging as a key player in Ethereum’s L2 landscape. The introduction of AWNS in Base Network allows users to create AWNS at reduced costs, taking advantage of the ERC-6551 feature. This development not only enhances user experience but also broadens the scope of blockchain technology applications.
Revolutionizing Digital Identity: The Role of AWNS and ERC-6551
AWNS revolutionizes the concept of digital identity by converting usernames or domain names into token-bound accounts. This innovation is an integral part of the ERC-6551 powered wallets and integrated NFTs. This new approach to digital identity is ideal for all on-chain activities within the Base Network ecosystem, paving the way for innovative use cases in NFTs, decentralized finance (DeFi), and gaming. The incorporation of ERC-6551 with AWNS represents a significant advancement in blockchain technology, offering a more efficient, secure, and user-friendly digital identity solution.
Benefits for Existing Ethereum AWNS Users
With the launch of AWNS on Base Network, existing Ethereum AWNS holders are set to receive corresponding AWNS on Base. For example, owning “world.aw” on Ethereum translates to the same AWNS on Base. This seamless integration ensures that the registration period of AWNS on Base matches that on Ethereum. Additionally, AWNS not yet registered on Ethereum will soon be available for registration on Base, further expanding the ecosystem.
Why Choose Base Network for AWNS?
Base Network stands out as one of the fastest-growing Ethereum L2 solutions, offering an open ecosystem for non-fungible tokens (NFTs) and on-chain gaming. Its unique integration with Coinbase and the capability to attract users to on-chain applications align perfectly with the vision to expand on-chain activities and enhance online identity. Although AWNS is yet to support cross-chain functionality, its presence on Base Network provides an immediate solution to high gas costs and inefficiencies, making it a preferred choice for blockchain enthusiasts.
Understanding AWNS: A New Approach to Digital Identity
AWNS, short for Autonomous World Name Service, introduces a new approach to digital identity, with unique domains ending in .aw. This forms the foundational layer of the AW ecosystem, facilitating easy navigation of the autonomous world, participation in on-chain games, and engagement in the broader Web 3.0 environment. While traditional Web 3.0 naming services like ENS offer comprehensive usernames linked to wallets, AWNS takes it a step further by utilizing ERC-6551 for all on-chain activities, opening up new use cases in NFTs and gaming.
Conclusion
The launch of AWNS on Ethereum’s Base Network represents a significant leap forward in blockchain technology. By integrating ERC-6551, AWNS redefines digital identity, enhancing user experience across various applications like NFTs, DeFi, and gaming. This development not only solidifies Base Network’s position in the Ethereum ecosystem but also sets a new standard for digital identity and blockchain functionality.