FIO: We are very excited to announce that the most anticipated upgrade is now live: Wrapped FIO domains are now live on Polygon!
This exciting update brings FIO Domains to the world’s most popular NFT exchange (hello, OpenSea)
What is a FIO Domain?
FIO Domains are the#1solution for personalizing your Web3 identity and the only fully decentralized way to customize your identity from start to finish. They can be used to create unique FIO crypto handles, allowing you to build fully customized Web3 domain names (e.g. name@customdomain) without using the standardized .domain extension.
FIO Crypto Handles can be mapped to any type of cryptocurrency wallet and used as a single, user-friendly identifier in place of lengthy crypto wallet addresses. Use FIO Crypto Handles with your custom FIO Domains — send, receive, request and even securely sign any type of crypto transaction. This means…
You can get it from an address like 1BvBMsEYst8etqTF******m4GFg7xJaNVN4
Transformed to an address like theg**t@hodl
How to package FIO domain
“Wrapping” is the process of transferring a token on one blockchain to another blockchain for use. All FIO Domains are NFTs on the FIO Blockchain, which means they are protected by a private key and can be freely transferred between FIO accounts, users, and wallets by the private key holder.
Now, with wrapped FIO Names available on Polygon, you can convert your FIO Name NFTs to ERC-721 NFTs, which enables you to list and trade your FIO Names on your favorite NFT marketplaces.
Likewise, you can now purchase FIO Domains directly from other holders on the NFT Marketplace; upon purchase, you can choose to wrap your FIO Domains on Polygon for future resale, or unwrap them to move back to the FIO Blockchain.
Unwrapping makes your FIO Domain name available for use in creating a FIO Crypto Handle, which is your fully customizable Web3 identity and can be used in place of all your long, complex wallet addresses.
Check out our demonstration video:
https://youtu.be/IwhiU12sIiU
TL;DR - FIO Domains and FIO Crypto Handles
Grab your favorite custom FIO domains now! You can name them anything: @yourname, @yourbrand, @yourfavoritemusician, @yourfavoritesportsteam, @yourfavoritecolor, and more. Collect your favorite FIO domains and keep them for yourself or package them up and sell them on any Polygon-enabled NFT marketplace. Because FIO domains are NFTs, you have complete control through your private keys: your private keys, your domains, your control over how they are used. Add your username to your favorite FIO domain to create a unique crypto handle. Your unique crypto handle is formatted like username@yourdomain and is your completely personalized Web3 identity that can be used to replace any or all complex wallet addresses (regardless of currency or blockchain). Ready to get started? Get your fully customizable Web3 identity today!