FIO Protocol, the leading decentralized solution for global blockchain usability, has announced the launch of FIO Domain wrapping on the Polygon blockchain. Wrapping is the process of taking a token from one blockchain and making it available for use on another. This launch moves FIO Protocol into the $31.4 billion NFT market by enabling users to buy, sell, and trade their FIO Domains as ERC-721 NFTs on all Polygon-enabled marketplaces.
Founded in 2019, FIO Protocol offers NFT domain names that grant users full custody of their decentralized digital identity. FIO Domains are used to customize FIO’s flagship product, FIO Crypto Handles, allowing users to personalize their decentralized digital identity front to back without requiring the use of a standardized top-level domain (e.g. username@customdomain). At the time of writing, FIO Protocol has registered nearly 1 million FIO Crypto Handles, which can be mapped to any kind of cryptocurrency wallet and used as a single, user-friendly identifier in place of lengthy crypto wallet addresses.
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