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SPACE ID, an all-inclusive identity forum for registration, trade, and management of Web3 domains, has started a new partnership. The company has announced that it is joining forces with BEVM (a BTC layer-2 network with complete compatibility with the Ethereum ecosystem) to introduce the decentralized .bevm identities. The platform disclosed this development on its account on the social media forum X.
SPACE ID 🤝 BEVM
— SPACE ID (@SpaceIDProtocol) May 23, 2024
.bevm domains are now here!! 😌 https://t.co/osxPDMlpad
SPACE ID Discloses Its New Partnership with BEVM to Unveil Decentralized .bevm Identities
In its recent X post, SPACE ID brought to the front that the respective partnership will offer the .bevm domains. In addition to this, the company also shared the X post of its collaborator regarding this endeavor. BEVM operates as the earliest EVM-compatible BTC layer 2. As per the reports, the platform operates on Taproot Consensus. Bitmain, a prominent platform for manufacturing crypto mining services via its project ANTMINER, backs BEVM.
According to SPACE ID, the company intends to offer one place regarding digital identities. Apart from that, it asserted that the company is developing a hub to provide consumers with the latest developments. It reportedly enables users to manage, trade, register, and discover exclusive domains in the Web3 world.
The Platform Will Offer Infrastructure to Support BEVM’s .bevm DNS
While providing details about the collaboration, BEVM noted that SPACE ID will offer the infrastructure. This will reportedly back up the exclusive .bevm domain name service (DNS) of BEVM. As a result of this, it will allow on-chain identities and wallet addresses for BEVM’s ecosystem.