SPACE ID

SPACE ID is a Singapore-based company, established in 2022, that provides a universal name service network to connect people, assets, and decentralised applications (dApps) across blockchains. The company operates as an online marketplace for domain name investments, offering a platform where users can search, register, trade, and manage names across all top-level domains (TLDs) and name services.

The SPACE ID ecosystem includes various innovative tools and features. Its Web3 Name SDK allows the integration of all supported Web3 domains such as .eth, .bnb, and .arb, making it easier for users to simplify asset transfers across Ethereum Virtual Machine (EVM) chains. The SPACE ID 3.0 platform equips communities with tools to launch top-level domains (TLDs) without requiring development efforts, offering go-to-market modules, tailored domain marketplaces, and management APIs.

The company has raised a total of $10 million in funding across three rounds, with notable investors such as Binance Labs, Polychain Capital, and dao5. Its latest funding round, an ICO in March 2023, raised $2.5 million. SPACE ID is governed by a decentralised autonomous organisation (DAO), where $ID token holders participate in decision-making.

SPACE ID collaborates with over 200 partners, and its services have been integrated into platforms like MetaMask and BscScan. The company also participates in industry events, including the “Make BNB Greater” Buildathon. In addition, SPACE ID has introduced the Domain Snap feature for simplified crypto transactions and has launched grant programmes to foster innovation.

SPACE ID was founded in April 2022 with the objective of developing a decentralised identity protocol to connect people, information, and assets across various blockchains and applications. The company is headquartered at 3 Fraser Street, Number 05-25, DUO Tower, Singapore. From its inception, SPACE ID aimed to offer innovative solutions to simplify and enhance digital identity management in the Web3 ecosystem.

In August 2022, SPACE ID launched its first major offering, SPACE ID 1.0. This platform introduced features such as a chain name service network, composable naming layouts, and connected identifiers. It also supported customised top-level domains (TLDs) and human-readable identities, which integrated seamlessly with NFT projects.

The initial success of SPACE ID led to the company securing funding through various rounds. In its seed funding round, Binance Labs played a key role as an investor. Following this, SPACE ID completed its Series A funding round in February 2023, raising $10 million from prominent investors such as Polychain Capital and dao5. An Initial Coin Offering (ICO) in March 2023 added $2.5 million to its total funding.

To enhance its services, SPACE ID launched the SPACE ID 3.0 platform, equipping communities with tools to launch customised top-level domains without requiring technical expertise. Another innovation was the Domain Snap feature, which simplified asset transfers by linking human-readable domain names with wallet addresses across Ethereum Virtual Machine (EVM) chains.

In 2024, SPACE ID actively participated in initiatives like the “Make BNB Greater” Buildathon and introduced its fifth grant programme, which allocated $53,953 to support Web3 projects. The company also expanded its integrations, becoming live on platforms such as MetaMask and DappRadar.

Currently, SPACE ID operates under a decentralised autonomous organisation (DAO) model, where $ID token holders participate in governance. With a team of 11-50 employees, the company continues to innovate and lead in the field of decentralised digital identity solutions.

SPACE ID’s mission is to build a universal name service network that connects people, information, and assets across all blockchains and decentralised applications. By developing an ecosystem of innovative tools such as chain name service networks, customised top-level domains, and human-readable identities, the company aims to simplify digital identity management. SPACE ID focuses on enabling the seamless integration of decentralised identities, making Web3 more accessible for individuals and organisations. Through collaboration with its partners and the decentralised community, SPACE ID strives to support the growth of blockchain technology and foster a more interconnected digital future.

SPACE ID envisions a decentralised digital landscape where individuals and organisations can seamlessly manage their identities across all blockchains and applications. The company aims to empower communities with the tools to create and govern their own digital identities through innovative solutions like customised domains and connected identifiers. SPACE ID seeks to eliminate barriers to adoption, ensuring that blockchain technology is accessible and practical for users worldwide. By leading in decentralised identity management, SPACE ID aspires to play a key role in building a more inclusive and interconnected Web3 ecosystem.

SPACE ID has been recognised for its innovation in decentralised identity solutions. SPACE ID integration with platforms like MetaMask and DappRadar has been widely appreciated, reinforcing its position as a leader in Web3 identity services. These accolades underscore SPACE ID’s contribution to the decentralised ecosystem.

SPACE ID offers a range of products and services aimed at simplifying digital identity management and enhancing the decentralised Web3 ecosystem. The company focuses on creating tools and solutions that connect people, assets, and decentralised applications (dApps) across all blockchains. Below is an in-depth look at its key products and services:

Chain Name Service Network

SPACE ID provides a universal chain name service network that enables users to register, trade, and manage decentralised identities seamlessly. The platform supports top-level domains (TLDs) from various blockchains, allowing individuals and organisations to use human-readable names instead of complex wallet addresses. This service simplifies the user experience across multiple blockchain environments, making interactions smoother and more intuitive.

Customised Top-Level Domains

SPACE ID offers communities and organisations the ability to launch their own customised top-level domains (TLDs) through its SPACE ID 3.0 platform. This product eliminates the need for technical expertise by providing tools for domain creation and management. Organisations can use these domains to strengthen their brand identity within the blockchain space, creating unique digital ecosystems tailored to their needs.

Composable Naming Layouts

The composable naming layouts offered by SPACE ID allow users to create flexible and personalised identities. This feature ensures compatibility across various blockchain ecosystems, giving users the ability to integrate their digital identity into different platforms, applications, and services. It is designed to enhance the usability of Web3 technologies by offering consistent and adaptable naming conventions.

Human-Readable Identities

SPACE ID’s human-readable identity system converts complex blockchain wallet addresses into easily recognisable names. This system reduces errors in transactions and improves accessibility for users unfamiliar with long strings of characters. It also enables smoother interactions within blockchain-based platforms, promoting wider adoption of Web3 technologies.

NFT Integration

The platform integrates seamlessly with Non-Fungible Token (NFT) projects, providing enhanced functionality for digital assets. Users can associate their human-readable identities with NFTs, making it easier to manage and trade digital collectibles. This integration further strengthens SPACE ID’s position as a comprehensive solution for blockchain-based identity management.

Domain Snap

The Domain Snap feature allows users to simplify asset transfers across Ethereum Virtual Machine (EVM) chains. By linking domain names with wallet addresses, this feature enables straightforward and efficient transactions. Domain Snap reduces the complexity of managing multiple wallets and streamlines the process of transferring assets within the Web3 ecosystem.

Web3 Name SDK

The Web3 Name SDK is a key tool provided by SPACE ID. This software development kit enables developers to integrate all supported Web3 domains, such as .eth, .bnb, and .arb, into their platforms. The SDK supports quick integration, requiring only 30 minutes of implementation time, and is already used by over 200 partners.

Marketplace for Domain Investors

SPACE ID offers a dedicated marketplace for domain name investors. Users can buy, sell, and trade domains across different blockchains. The marketplace is designed to facilitate transactions within a secure and transparent environment, enabling individuals and organisations to grow their domain portfolios efficiently.

Management and Resolution Services

The platform also includes management and resolution tools, allowing users to oversee all their Web3 names in one place. These tools make it easy to update, resolve, and manage domain records across various ecosystems, ensuring users have full control over their digital identities.