Coinbase is Giving Away ENS Usernames to Make Crypto Wallet Transfer Easier
Source: AdobeStock / Thomas Dutour Major crypto exchange Coinbase has announced that it’s been working with decentralized identity infrastructure provider Ethereum Name Service (ENS) to offer Coinbase-managed web3 username s free to users – enabling them to use that username instead of a traditional address to send and receive crypto. Per the exchange’s announcement, to make transferring crypto or non-fungible tokens (NFTs) easier and less intimidating, they worked with ENS to enable users to claim “name.cb.id” usernames via Coinbase wallet’s browser extension. Coinbase added that, “With this feature, anyone can now claim a free &ldquo ;name.cb.id” web3 username to send and receive crypto (instead of using 42-character addresses), engage with others, and to use as the foundation of their web3 identity .” The exchange’s FAQ page explains that a Coinbase username is a decentralized form of ID that al...