SPACE ID Closed $10M Strategic Round
SPACE ID closed $10M strategic round led by Polychain Capital and dao5 with the participation of other institutions and industry leaders. Founded by a team of experienced engineers and Web3 enthusiasts, SPACE ID is always aiming to build a universal name service network that connects decentralized identities.
Therefore, the investment is a strong endorsement of our vision and execution. It also highlights the growing excitement and potential in the Web3 space, as we are entrusted to become the sailor to ride the next wave of decentralized innovation.
SPACE ID launched its .bnb Domain Public Registration in September 2022, and quickly gained a total of around 370,000 registrations and 175,000 unique domain holders in these 6 months. At the same time, the .bnb Domain Service has secured integrations with over 100 leading projects and protocols including BSCScan, Trust Wallet, etc. In February 2023, the SPACE ID team announced its 2.0 upgrade as well as the merge with ARB ID, which will launch its .arb domain pre-registration very soon. We’re ready to take this to another leap.
The Support of PolyChain
With the support of Polychain Capital and other investors, SPACE ID will be able to accelerate the development of its universal name service and more products. The company will also expand the team and absorb more resources. This will enable SPACE ID to bring its products to market faster and more efficiently and to continue pushing the boundaries of what is possible in the Web3 space.
“Universal naming service is a fundamental component of widespread crypto adoption, and the SPACE ID team sits at the forefront of a cutting-edge version. By facilitating the union between identity, privacy, and sovereignty within web3, SPACE ID allows users to retain their personal identity whilst providing a human-readable address to interact with digital networks. Designing domain naming services in a decentralized manner enables composable and layered interactions with various Dapps and wallets, within a chain agnostic environment, to empower identity for communities and individuals as they interact with increasingly sophisticated blockchain networks.”— Luke Pearson, Investor at Polychain Capital
“We’re excited to further expand our impact on the industry with this second round of funding, allowing us to accelerate our growth and bring our vision of secure, decentralized identity to an even larger audience. It’s a testament to the progress we’ve made and the trust investors have in our team and our vision.”—Arton, Head of Community at SPACE ID
ABOUT SPACE ID
SPACE ID is building a universal name service network with a one-stop identity platform to discover, register, trade, and manage web3 domains. It also includes a Web3 Name SDK & API for developers across blockchains and provides a multi-chain name service for everyone to easily build and create a web3 identity.
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