The top-level domains registry also said three exchange and wallet providers in Asia had agreed to introduce the domain across their platforms this year
Minds + Machines Group Limited (LON:MMX) shares rose on Tuesday after the company hit three major milestones in its ‘.luxe’ project, including US$100,000 from its sale of the first domains.
‘.luxe’ is a top level domain (TLD) designed to simplify Ethereum wallet codes used on blockchains. Instead of requiring a string of 42 random characters, the domain connects the character code to a unique web address with the suffix ‘.luxe’.
READ: Minds + Machines makes strong start to 2019 as recurring revenues climb MMX said it had completed an all-chain association engine for the ‘.luxe’ domain which would allow web addresses using the TLD to be associated with any existing or newly created wallet address on a public blockchain.
The company said the new engine would allow ‘.luxe’ users to use the same domain for different wallets across blockchains rather than having to create and remember new 42-character strings for each one they create.
MMX added that three exchange and wallet providers in Asia - the Exshell Exchange, MEET.ONE and Bying - had agreed to introduce the ‘.luxe’ domain this year as part of their plans to improve wallet management.
In total, the three businesses currently have a combined customer base of approximately 1.2mln with daily active customers typically ranging between 5%-10% of that figure.
Toby Hall, MMX chief executive, said that the milestones were part of the accelerating monetum of the ‘.luxe’ project and that partners were starting to recognise the “immediate benefits” of the solution to both customers and their own management systems.
In early trading, MMX shares were 6.9% higher at 6.2p.