SPACE ID, a comprehensive identity forum for registration, trading and management of Web3 domains, has launched a new partnership. The company has announced that it is joining forces with BEVM (a BTC layer-2 network with full compatibility with the Ethereum ecosystem) to introduce the decentralized .bevm identities. The platform announced this development on its account on the social media forum X.
SPACE ID 🤝BEVM
.bevm domains are now here!! 😌 https://t.co/osxPDMLpad
— SPACE ID (@SpaceIDProtocol) May 23, 2024
SPACE ID announces its new partnership with BEVM to expose decentralized .bevm identities
In its recent X-post, SPACE ID revealed that the partnership in question will offer the .bevm domains. In addition, the company also shared its employee’s X-post about this endeavor. BEVM works as the first EVM-compatible BTC layer 2. According to reports, the platform runs on Taproot Consensus. Bitmain, a prominent platform for producing crypto mining services through its project ANTMINER, is backing BEVM.
According to SPACE ID, the company plans to offer a single place for digital identities. Additionally, the company claimed that the company is developing a hub to provide consumers with the latest developments. It reportedly allows users to manage, trade, register and discover exclusive domains in the Web3 world.
The platform will provide infrastructure to support BEVM’s .bevm DNS
While providing details on the partnership, BEVM noted that SPACE ID will provide the infrastructure. This will reportedly back up BEVM’s exclusive .bevm domain name service (DNS). As a result, it will enable on-chain identities and wallet addresses for the BEVM ecosystem.