Donuts Invests in Netki's Blockchain-Based 'Wallet Names' Technology
Domain registry Donuts said it's investing an undisclosed amount in Netki's blockchain-based “wallet names” technology. It said wallet names are user-friendly names for digital currency and other blockchain-based applications that are meant to replace alphanumeric blockchain addresses. The investment is…
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Donuts' second via its Donut Labs initiative. The first was to geofence management firm GeoFrenzy (see 1605030047). Netki's wallet names technology uses domain name system security extension to connect the wallet names to the blockchain addresses, meeting “an unmet market need in the rapidly growing blockchain space,” said Donuts CEO Paul Stahura in a news release.