Unstoppable Domains and Pudgy Penguins have joined forces to introduce an innovative solution for accessing the digital realm through Web3 domains.
With the introduction of .pudgy domains, users can now say goodbye to traditional password-based logins and embrace personalized identities for seamless access to the pudgy universe in just one step.
Let’s dive into the details below.
Web3: easy and secure entry into the Pudgy Penguins world with personalized identities
As anticipated, Unstoppable Domains, a leading provider of Web3 domains and digital identity solutions, has announced a groundbreaking integration with Pudgy Penguins.
This exciting development enables users to access Pudgy World using their .pudgy domains, marking a significant advancement in virtual world accessibility and user experience.
The new single sign-on feature introduced through this integration allows users to log into Pudgy World using their personalized digital identity owned by them.
Unlike traditional logins through Google or Apple, users can now utilize their .pudgy domains to access the platform, ensuring enhanced privacy and autonomy.
With thousands of .pudgy domains minted within just three months, the community’s enthusiasm reflects the strong adoption of this innovative approach.
Sandy Carter, COO of Unstoppable Domains, shared her thoughts:
“This integration with Pudgy Penguins empowers users to truly own their digital identity and control their virtual experience. By logging in with .pudgy domains, users break away from the limitations of Web2 and now enjoy a seamlessly unified experience across the Pudgy world.”
Features and customization
The .pudgy domains offer users a platform to showcase their individuality within the Pudgy Penguins community. This integration goes beyond a mere username, allowing users to express their digital persona in the virtual realm.
Unlike traditional login methods, .pudgy domains provide unprecedented ownership and control over digital identity, serving as a gateway for chats, events, and exclusive activities.
Luca Netz, CEO of Pudgy Penguins, expressed:
“We are thrilled to offer our community a more cohesive experience through this collaboration with Unstoppable Domains. The ability to log in with their .pudgy domains presents a unique Web3 experience, perfectly aligned with the significance of individuality and ownership in the virtual world.”
With the expansion of the Pudgy ecosystem, .pudgy domains will evolve to incorporate new functionalities, ensuring the relevance and value of users’ digital identities.
The companies are exploring additional features, such as profile badges for users of .pudgy domains and enhanced integrations within the Pudgy ecosystem.
The access function via the .pudgy domain is set to launch in the fourth quarter of this year, marking a significant milestone in the evolution of virtual world access and digital identity management.
Record high Web3 user engagement in Q2 2024
In the second quarter of 2024, Web3 user engagement soared to unprecedented levels, with approximately 10 million unique daily active wallets (dUAW). This represents a 40% increase compared to the first quarter of the year.
A report by DappRadar dated July 4 highlights remarkable growth across various sectors of decentralized applications (DApp), signaling an overall bullish trend.
Social dApps and NFTs have emerged as key drivers of this expansion, with the social sector witnessing a notable 66% rise in dUAW.
The blockchain gaming sector has also experienced an uptick in user participation, despite a slight dip in market share.
Decentralized exchanges (DEX) have seen a surge in user activity, with Uniswap recording an 80% increase in dUAW, while Raydium witnessed a 134% growth, fueled by meme coin traders.
NFT marketplaces have reached peak usage levels since the first quarter of 2023, with a trading volume of $4 billion across 14.9 million individual transactions.
Despite the rise in user numbers, the total value of cryptocurrencies locked in DeFi applications (TVL) has decreased by $7 billion, marking a 4% drop compared to the previous quarter.
DappRadar has cautioned that the rapid growth in dUAW may not be sustainable in the long term, with part of the increase attributed to the phenomenon of airdrop farming, where users engage in activities to earn airdrop tokens.
The airdrops by Blast and ZKsync in June significantly contributed to this peak.
The report underscores the importance of enhancing user experience, developing robust roadmaps, and fostering strong teams to ensure ongoing and sustainable growth in the future of Web3.