New developments in Web3, such as free usernames, cross-chain names, and chat functions, may lead to greater adoption of Web3 usernames. Despite the Ethereum Name Service (ENS) being launched in 2017, only 2.2 million .eth names were registered as of January, leaving at least 97% of Ethereum addresses without a username. However, recent advancements in wallet and messaging apps, such as free domain names and instant messaging integration, may onboard more users to the Web3 ecosystem.
– Web3 usernames have not been widely adopted, with only 2.2 million .eth names registered out of over 200 million unique addresses on Ethereum.
– Wallet and messaging apps are trying to solve the problem of lack of adoption by giving away free domain names and implementing Web3 names as usernames for messaging.
– Cross-chain Web3 names are also being developed to create a single name for each identity across multiple chains, but mass adoption of Web3 usernames still faces challenges such as high registration costs and user friction.
