Minds + Machines secures three exchange and wallet providers in Asia for .luxe
, the top-level domain registry company, told investors on Tuesday it sold $100,000 of .luxe names, secured three exchange and wallet providers for its .luxe, and completed the .luxe decentralized all-chain association engine.
The R&D project for .luxe is to introduce the first standardized naming approach that can be interoperable across all public blockchain addresses and the World Wide Web.
Minds + Machines said that the .luxe decentralized all-chain association engine has been completed, meaning a single .luxe address can be securely associated on-chain to any existing or newly created address on a public blockchain.
Currently each blockchain will typically use randomly generated alphanumeric strings of 36-42 characters as the address/identifier for a wallet/asset on its chain, making it an issue for exchanges and wallet providers to manage accounts.
Three exchange and wallet providers in Asia have agreed to introduce the domain across their platforms this year.
They have a combined customer base of approximately 1.2million with daily active customers typically ranging between 5-10%.
Minds + Machines also reported that it completed the sale of a number of .luxe names for a combined value of $100,000 in a single trade.
Shares in Minds + Machines Group were trading 4.31% higher at 6.05p each following the news
Toby Hall, CEO of MMX, said the company is seeing an acceleration of momentum its .luxe project.
He added: “Partners are recognizing the immediate benefits our approach can potentially provide, not just to their customers but also to their own management systems.”
“This activity is all about creating a meaningful platform for future growth to support our core DNS based recurring revenue model."
Follow News & Updates from Minds + Machines here:
The information, investment views and recommendations in this article are provided for general information purposes only and do not constitute financial, investment or legal advice. Although based on information believed to be accurate and complete, the information is not guaranteed to be accurate or current and readers should seek advice specific to their circumstances from their adviser before making any investment decision or taking any action. Nothing in this article should be construed as a solicitation to buy or sell any financial product, or to engage in or refrain from doing so or engaging in any other transaction. Full disclosure of potential conflict of interest is made in accordance with ethical standards. The author may or may not hold investments in all or any of the companies under discussion.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.