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Cronos Ecosystem Spotlight: Cronos ID
Read on to find out about Cronos ID, their latest updates on Cronos, and why they have chosen Cronos as their home chain to build on.
Today, we are excited to feature Cronos ID, a decentralised identity and communication layer built on Cronos. On a broad level, Cronos ID will give users the ability to send and receive information on-chain, powered by human-readable identifiers.
Let’s dive right in!
Can you share more about Cronos ID and the team behind the project?
Cronos ID is a project that aims to create an infrastructure layer to facilitate seamless interaction between CeFi and DeFi users, not just within Cronos but also across the wider DeFi ecosystem. Web3 users are identified by complex and hard-to-remember address strings, while off-chain applications used for communication can be vulnerable to hacking attempts. As Web3 adoption increases, there is a growing need for secure and user-friendly primitives that can cater to a broader audience.
To address this need, Cronos ID leverages three essential sub-protocols, namely Domain service, Notification service, and Messaging service. These protocols are designed to ensure the safety and convenience of users in navigating the Web3 space.
We are a lean team that combines veterans from both the web3 and web2 worlds. Our team members are located globally and are committed to providing the best possible user experience.
What are the benefits of getting a Cronos ID Domain?
With Cronos ID Domains, you can create a human-readable web3 identity without the need to remember all your 40-hexadecimal wallet addresses. Thanks to our team and our integration partners, domain holders can now:
Send and receive funds/NFTs using their .cro domains directly
Create sub-domains for easier management of wallets or community
Stake $CROID in our vaults for additional yields
Trade their .cro domains on the NFT marketplace
Currently, we are integrated with Crypto.com Defi Wallet and other notable Dapps within Cronos Ecosystem. We are continuing to expand our network and bring new utilities to our domain holders via partnerships with other wallet providers and Dapps. If you are interested in integrating with us, check out our integration guide at this link and drop us a message on our Discord server!
Cronos ID is already live on Cronos mainnet for a few months. How has your growth been over the past year?
We are growing alongside the Cronos ecosystem, and it is a pleasure to build on the Cronos chain. Despite the market conditions, we kept on building our roadmap and building a healthy community.
We have one of, if not, the most diverse NFT user base on Cronos. Over 7K+ wallet addresses currently own at least one Cronos ID Domain name. Thanks for the support from the Cronos community, we will keep #buidling.
What are the interesting upcoming features or products that you guys will be launching?
Since our initial launch, we have launched domain services coupled with various integrations. Sub-domain feature was released last week as well, allowing users to manage their wallets and community with ease.
Notification and Messaging services are still in our pipeline, together with more integrations with our partners. You can read more about our product roadmap here and please stay tuned! Our team continues to look for ways to improve the user experience of our product, so if you have any feedback or suggestions, feel free to drop us a message on our Discord server as well!
Why did you choose Cronos as the chain to launch on?
We chose to launch on Cronos as we noticed a lack of communication and identity infrastructure layer on the chain, while the chain and its community continue to grow.
The Cronos Labs incubator program has also given us access to the broader Crypto.com ecosystem, which has provided tremendous support in increasing the adoption of our product by the community and other Cronos Dapps.
For a user new to Cronos ID, where can they learn more about your project and get started?
If you are interested in learning more about our project, visit our documentation here for more details.
Get started on your Cronos ID journey today by minting a .cro domain on our website here.