Basenames is launched, BNS is phased out: Base chain identity service enters a new stage
Written by Zhang joy, BlockTempo
America's largestcryptocurrencyexchange Coinbase's Layer2 network Base posted a message on the social platform X yesterday (20) stating that the Base chain will launch a subdomain Basenames based on the Ethereum Name Service (ENS):
“Basenames is the fastest way to start building on the Base chain, and we’re launching soon.
Users can apply for a unique base.eth username, which will allow them to conduct activities on the chain in an easier and more convenient way.
We can’t wait to see you start building your on-chain identity.”
Note in the dynamic area: Basenames was officially launched at around 4 o'clock this morning. For information on how to use it, fees, and discounts, please refer to the official website.
Basenames are subdomains based on ENS
We know that the Ethereum Name Service (ENS) allows users to create subdomains on an ENS parent domain.
In the update in early March 2023, ENS also launched the name wrapper function, which allows existing ENS domain names of any level to be wrapped as ERC-1155 Token, subdomains can be stored as separate NFTs; in addition, parent domains can perform more detailed management and control over subdomains, including expiration and permission granting, bringing more flexibility to ENS domain names.
According to the official introduction of Base, Basenames is a subdomain under the existing ENS domain name. After the official launch, any ENS domain name owner will be able to create and manage an unlimited number of sub-usernames and name them in a personalized way (ending with "base.eth").
Image source: Basenames
Basenames will be sold via Dutch auction mechanism
At the same time, Base officials added that Basenames will be sold through a Dutch auction mechanism (Reverse auction) to ensure that all users have a fair chance to get the name they want:
"(For example) the price will be Xiaobai NavigationIt will gradually decrease within 36 hours, starting at 100 ETH and requiring a premium fee, and will drop to 0.39 ETH within 12 hours; and after the auction ends, no premium fee will be charged. "
BNS announces gradual decommissioning
In addition, it has been running on the Base chain for a long time, and is owned by Orange DAO The identity aggregation protocol Base Name Service (BNS) provided by X Platform also stated that BNS will be gradually discontinued, and Basenames will be the next chapter of identity on the Base chain:
“Today we have important news to share with the community. We have been working closely with the Base team. As the launch of Basenames approaches, BNS will be gradually retired to ensure that everyone on Base can get a unified name service and on-chain identity experience.”
The article comes from the Internet:Basenames is launched, BNS is phased out: Base chain identity service enters a new stage
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