SPACE ID NFTs: What’sTheir Utility?
Congratulations! So you’ve just received a SPACE ID NFT (SID) from Blind Boxes NFT Airdrop I.
Congratulations! So you’ve just received a SPACE ID NFT (SID) from Blind Boxes NFT Airdrop I.
Now you’re probably wondering what you can do with them. Continue reading to learn the use cases for these nonfungible tokens (NFTs) that were recently airdropped to $BLES token stakers.
TLDR:
Here are three ways to get value from your SID today
- Establish a decentralized, censorship-resistant, cross-chain digital identity
- Use it as a non-custodial wallet for sending/receiving NFTs and crypto
- Qualify for future SPACE ID airdrops
- Resell on secondary markets like Blind Boxes
What is SPACE ID?
SPACE ID network is a decentralized, censorship-resistant, universal name service network. Think: Ethereum Name Service (ENS) for BNB and other blockchains. The platform translates crypto addresses into human-readable names. SPACE ID acts as a unique username generator for public BNB addresses that makes crypto more accessible for beginners.
What can you do with SIDs?
What is the current utility of SID
1. Universal usernames
Today we all have multiple usernames across web 2 applications. And when it comes to web 3 applications, you may have dozens of unconnected identities and wallets accross multiple blockchains.
Think of your SID asyour multi-chain web 3 identity. SIDs enable users to trade crypto, buy/sell NFTs, and engage with Defi in the increasingly decentralized world.
- Bridge web 2 to web 3
- Tie your email address, Twitter, Discord, Tik Tok, and Github etc to a single self-custodial digital address
- Build your brand across blockchains
2. Airdrops
There are rumors that SPACE ID will reward early adopters with airdrops for SID holders. We saw a similar move by ENS last year, where users received a five-figure airdrop just for holding ENS domains.
Related Post
Early Ethereum Name Service (ENS) adopters rewarded with a hefty five-figure airdrop
3. Human-readable wallet addresses
Long cryptographic wallet addresses can be intimidating for Newbies. These complex alphanumeric addresses can be especially daunting in the context sending/receiving funds to a wallet, where any typo could lead to lost funds.
SIDs make decentralized finance, NFTs, and cryptocurrencies more user-friendly and accessible with short, human readable addresses.
Use your SID for crypto:
- Send tokens
- Receive tokens
- Defi
Use your SID for NFTs:
- Mint NFTs
- Sell NFTs
- Collect airdrops
- Gift NFTs
4. Flipping
As with ENS, some SPACE ID handles have historically sold for 5-figures each. Test the market and list your SPACE ID NFTs on Blind Boxes and other secondary marketplaces. Vanity usernames tend to do well in secondary sales.
That’s it for now! Check out the SPACE ID roadmap to see what new utility is being developed in their pipeline.
Related Posts
SPACE ID Closed its Seed Round Led by Binance Labs
Missed ENS $10,000 Airdrop? Here is one more
GOT QUESTIONS?
Get answers here — on Telegram or here — on Twitter.
Airdrop FAQs
Which wallets qualified for this event?
As discussed in the Blind Boxes Telegram channel, a snapshot of wallets staking $BLES was taken on Dec 31. Wallets need to be actively staking BLES tokens to qualify.
How was this collection selected?
We reviewed the top BSC collections, by sales volume across multiple NFT marketplaces.
We ranked projects based on:
- NFT utility
- Near-term potential value
- Team
- Community
- Sales volume
About SPACE ID
SPACE ID is building a universal name service network that seamlessly connects people, information, assets, and applications across blockchains. It’s chain-agnostic, decentralized, censorship-resistant, and open-sourced. Space IDs allow users to carve out non-custodial, personalized, and secure spaces in the decentralized web.
SPACE ID Links
Website | Twitter | Medium | Discord
About Blind Boxes
Blind Boxes is a gamified marketplace and launchpad for digital collectibles. Since 2021, our multi chain ecosystem has connected investors with disruptive web 3 projects across the Ethereum, Polygon, and Binance Smart Chain networks.
Through our decentralized app, savvy investors participate in initial launches and gamified drops from the industries leading metaverse, gaming, and collectibles brands.
$BLES is the ecosystem token for the Blind Boxes platform.
Blind Boxes Links
Website | Telegram | $BLES Official Trading Group | Twitter | Discord | Instagram | Github | LinkedIn
