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Recent advancements may lead to increased adoption of Web3 usernames.

Recent advancements may lead to increased adoption of Web3 usernames.

Recent developments in the Web3 ecosystem, such as free usernames, cross-chain names, and chat functions, may lead to greater adoption of Web3 usernames. Despite the Ethereum Name Service (ENS) being launched in 2017, only 2.2 million .eth names were registered as of January, leaving at least 97% of Ethereum addresses without an ENS username. This lack of usernames creates user experience problems, but recent advancements in wallet and messaging apps may onboard more users than ever before. Some wallet apps are giving away free domain names to their users, while messaging apps have begun to implement Web3 names as usernames. Cross-chain Web3 names are also being developed to create a single name for each identity across multiple chains. However, there is still a long way to go in terms of adoption, and users still face friction, including the high cost of registering a name for most wallet apps.

Summary:

– Recent developments in the Web3 ecosystem may lead to greater adoption of Web3 usernames

– Only 2.2 million .eth names were registered as of January, leaving at least 97% of Ethereum addresses without an ENS username

– Wallet and messaging apps are giving away free domain names and implementing Web3 names as usernames

– Cross-chain Web3 names are being developed to create a single name for each identity across multiple chains

– Adoption is still low, and users face friction, including the high cost of registering a name for most wallet apps.