What is Star Protocol? Star Protocol is an identification protocol (Name Service) that helps make Web3 more user-friendly. Star Protocol has attracted the attention of many famous investment funds thanks to its strategy and technology. Let’s find out how the project can do so in the article below.
Star Protocol Overview
What is Star Protocol?
Star Protocol is a Name Service protocol similar to Ethereum Name Service, Space ID,… Star Protocol also issues domain names, but the difference here is that Star’s domain names are Omnichain Fungible Token (OFT) standards. ) released by LayerZero. This means that Star Protocol domains can move between different Blockchains natively.
This solves the problems of most Name Service platforms recently when domain names issued on Ethereum cannot be used on other Blockchains.
In the past, in September 2022, the Aster Foundation announced to change the name of Aster Protocol to Star Protocol. Star Protocol will be an expanded version of Aster Protocol including Identity Aggregation Protocol and an ecosystem of projects built on Identity Aggregation Protocol.
Star Protocol differences
Star Protocol has some highlights such as:
- Synthetic Web3 Account: Users can transfer Blockchain assets to any account on social networks.
- Web3 Shopify: Allows users to build their own NFT Marketplace that can be accessed from any social media platform.
- World-first ID Aggregator: Connects all of the user’s social network accounts to the Web3 wallet address and Web3 name service.
- Omni Solutions for Web3 Marketing: Distribute NFTs, raffles, and token incentives to users promoting on Web2 platforms.
- Account Credibility: User’s Social Graphs are restored through ANS in Web3.
- Your Favorite NFT Faucet: Participate in events and receive exclusive airdrops daily. Raffles will be distributed to outstanding users based on SBTs.
Development Roadmap
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Investor
- January 3, 2022: Star Protocol successfully raised $1M in Seed round with the participation of Youbi Capital, Pluto Capital, Lancer Capital, Lucid Blue Ventures and other investors.
Besides, Star Protocol also won the BNB Hackathon and received a project development grant from Polygon.
Core Team
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Tokenomics
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Exchanges
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Project Information Channel
Summary
Star Protocol is a notable project and has many innovations in the Domain Name Service segment. Hopefully through this article, everyone can understand more about what Star Protocol is?
