The crypto space thrives on development and competition. When a new technology is introduce into a specific blockchain ecosystem, others tend to replicate that feature in theirs.
In our previous article on Ethereum name service, we talk about how crypto users can now replace their alphanumeric wallet address with a human-readable and memorable name to receive funds and perform other operations.
In this article, we will look at the newly introduced AVVY Domain, which is the Avalanche Name Service.
What is AVVY Domain
Avvy Domains is naming service use to name various subnets and subsystems within the Avalanche ecosystem.
Avvy Domain work in a similar way as the ENS Domain. The difference between the two is the chain they are developed in.
ENS is for the Ethereum Chain, while AVVY is for the Avalanche Chain.
However, the core purpose of this development is to easily remember complicated bits of information, converting them into human-readable and memorable names.
Potential Airdrop Rewards for Avalanche Name Service Early Adopters
Last year Ethereum name service airdropped 5 figs to those who had “.eth” domains which are now worth thousands of dollars.
A snapshot date was taken, and users who are or have been registrants of the “.eth” second-level domain were eligible to receive an allocation of the airdrop rewards.
Avalanche name service is likely going to replicate the same airdrop strategy for early registrants of their “.avax” domain name.
How Do I register a name in Avalanche Name Service?
Here’s a how to get your “.avax” domain from Avvy domains for possible airdrop
Step 1. You will need a Metamask or Trustwallet funded with $AVAX token in the AVAX-C network or AVAX chain. I will recommend above $20
Step 2. After funding your wallet, head over to https://app.avvy.domains, once it loads, register a name of your choice.
Step 3. On completing the registration process you will be asked to select the type of domain privacy of your choice. Choose the one you want and complete your registration.
Congratulations on completing your avalanche name registration.
Conclusion
Avalanche name service is a welcome development with good utility. However, in the crypto space, early adopters are rewarded more heavily than the forthcoming users.