Altcoin News

ICON (ICX) Partners Portal Network To Build ICON Name Service

ICON (ICX) Foundation has announced it partnered with Portal Network, a platform that aims to provide users with an unprecedented suite of blockchain-based domain name services so as to be able to access all smart contract supported chains with greater ease and simplicity.

The partnership will enable the two platforms to build ICONick (ICON Name Service), the domain name service on top of the ICON blockchain.

According to the announcement, “ICONick is governed by smart contracts that transform human-comprehensible decentralized website names, such as ‘yourwebsite.icon’, into addresses that can be understood by decentralized network machines.”

Talking about Portal Network, the blockchain firm has been building Blockchain Name Service (BNS) standards managed by smart contracts to be able to make user experience on all smart contract supported chains simple and effective.

The two platforms will work together on building features for ICONick along with product suites including a Marketplace, browser extension, and more, the announcement indicated.

“The ICON Foundation is excited to collaborate on ICONick with Portal Network to enhance the user experience of the ICON platform by replacing complex wallet addresses with human-comprehensible names and allow both technical and non-technical users to easily deploy and use blockchain-related services. We believe that by implementing ICONick with the ICON platform, everyone within the ICON network will be able to easily interact with IPFS hashes, smart contracts, and wallet address, all of which enhance the growth of the ICON ecosystem.”

Few days back, The ICON Foundation announced the release of the new ICONLOOP’s Corporate Identity (“CI”).

The announcement succeeds the declaration that its technology partner theloop had accepted that it be rebranded to ICONLOOP.

ICON Foundation said:

“The rebranding makes a lot of sense as we are now finally ready to push the ICON project here in Korea,” said JH Kim, CEO of ICONLOOP. “Our team is fully committed to contributing to the ICON project and servicing the ICON Foundation.”

The announcement attested to the rebranding mission of theloop to ICONLOOP. Both ICONLOOP and ICON are planning to achieve a couple of district markets.

ICONLOOP focuses on innovating private blockchain networks for institutions and government’s network.

While theloop is working on developing decentralized applications (dApps) targeted towards the public blockchain infrastructure.

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Yusuff O.
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