SPACE ID completes US$10 million strategic round of financing, led by Polychain Capital and dao5

The decentralized identity protocol SPACE ID has completed a US$10 million strategic round of financing led by Polychain Capital and dao5, with participation from Foresight Ventures and others. Foresight News previously reported that in September last year, SPACE ID completed a seed round of financing led by Binance Labs and launched the .bnb domain name service. So far, more than 360,000 domain names have been registered and more than 100 applications have announced the completion of the integration of the SPACE ID protocol, including BscScan, Trust Wallet, etc. SPACE ID recently announced the 2.0 upgrade, providing a one-stop Web3 domain name and identity platform to discover, register, trade and manage Web3 domain names, and launched a multi-chain domain name service. The second supported TLD, .arb, will open pre-registration for .arb domains next week.