Space ID, a San Francisco, CA-based provider of a Decentralized Identity Protocol, raised $10M in Strategic funding.
The round was led by Polychain Capital and dao5.
The company intends to use the funds to accelerate growth and bring its vision of a secure, decentralized identity to an even larger audience.
SPACE ID is aiming to build a universal name service network that connects decentralized identities. The company launched a one-stop web3 domain & identity platform for everyone to discover, register, trade, 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.
SPACE ID launched its .bnb Domain Public Registration in September 2022. To date, the name service has more than 370,000 registrations and 170,000 unique domain holders. In terms of the partnership, the .bnb name service has secured integrations with over 100 leading projects and protocols including BscScan, Trust Wallet, etc. In February 2023, SPACE ID team announced its 2.0 upgrade, an infrastructure that offers a one-stop web3 domain & 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 including .bnb and .arb domains for everyone to easily build and create a web3 identity.
FinSMEs
07/02/2023