UTU Patners With ENS

Published on: 29.10.2022

UTU is excited to announce that they have formed a partnership with ENS (Ethereum Name Service) to integrate ENS names and affiliations into UTU Protocol. This will support resolution of ENS Names, reverse resolution, and let users name things in UTU Protocol!

They will also work to distribute their trust infrastructure services with their decentralized identity services and explore other ways to work together!

How will UTU and ENS work together?

UTU and ENS will collaborate on a series of integrations that support their mutual goals around making web3 more human friendly and trustable.

First they will work together on Resolving ENS names in UTU so a user can enter an ENS name instead of an address. By accepting ENS names in UTU, they remove the need for users to copy and paste – or worse, type out – long and opaque Ethereum addresses, which leads to errors and lost funds.

Next they will work together on Reverse Resolution of addresses entered into ENS Names when available. By supporting reverse resolution, UTU’s users can more easily identify accounts they interact with, associating them with a short human-readable name instead of a long opaque Ethereum address.

About ENS

ENS names are portable web3 usernameswhich enable you to easily receive payments in any cryptocurrency, and are the foundation of the growing decentralized web, and more — with the self-custody, programmability, and security of the Ethereum blockchain. The implications of any one of these use cases are enormous, and ENS does all of them.

About UTU

UTU is building the trust infrastructure of the internet to help users and platforms interact in a safer and more trustworthy way.

Starting with Web3 and DeFi apps, they provide AI-powered curation of trust signals from your network at just the right places and times to help you connect, send, swap, stake, and borrow with confidence.

UTU blockchain protocol transforms the economics of trust. You can Review-to-Earn with UTU Trust Token and monetize that trust you build with $UTU Coin. The UTU model pays you for building trust online, i.e. for helping others get good outcomes and ensures reputation can’t be bought or manipulated.

SOURCE:
https://utu.io/blog/utu-and-ens-partner-to-make-web3-more-human-friendly-by-bringing-ens-names-into-utu-protocol/

Market Stats:
BTC Dominance: 57.53%(-0.19%/24h)
ETH Dominance: 12.05%(-0.04%/24h)
Defi Market Cap: $112.94B(-27.57%/24h)
Total Market Cap: $3283.71B(-1.74%/24h)
Total Trading Volume 24h: $134.46B(-24.90%/24h)
ETH Market Cap: $395.36B
Defi to ETH Ratio: 28.57%
Defi Dominance: 3.29%
Altcoin Market Cap: $1394.57B
Altcoin Volume 24h: $92.53B
Total Cryptocurrencies: 32940
Active Cryptocurrencies: 10443
Active Market Pairs: 95042
Active Exchanges: 772
Total Exchanges: 9798
BTC: 95409.58$(0.76%/1H)
ETH: 3284.65$(1.47%/1H)
AVAX: 36.53$(1.18%/1H)
BNB: 649.58$(0.93%/1H)
MATIC: 0.47$(1.26%/1H)
FTM: 0.97$(1.26%/1H)
ADA: 0.89$(1.44%/1H)
DOT: 6.85$(1.24%/1H)
UNI: 13.89$(1.8%/1H)
CAKE: 2.33$(1.28%/1H)
SUSHI: 1.43$(1.94%/1H)
ONE: 0.03$(2.15%/1H)