leadf
logo-loader
viewMinds + Machines Group Limited

Minds + Machines in discussions with leading Ethereum wallet as it updates on roll out of ‘.luxe’ domain

The domain registry firm said the integration of its domain with the imToken wallet platform, which has over 6mln monthly users, was expected to go live in the fourth quarter of 2018

Ethereum on mobile phone
57 registrar partners have already signed up to support the ‘.luxe’ domain

Minds + Machines Group Limited (LON:MMX) shares gained on Monday after news the firm is in “advanced discussions” with the world’s leading Ethereum wallet to integrate its ‘.luxe’ domain into the network.

In an update at the Alibaba Cloud Computing Conference in Hangzhou, China, the domain registry firm said the integration of its ‘.luxe’ domain with the imToken wallet platform, which has over 6mln monthly users, was expected to go live in the fourth quarter of 2018.

READ: Minds + Machines inks agreement to integrate Ethereum blockchain into domain extension

The group added that 57 registrar partners had already signed up to support the ‘.luxe’ domain, including leading registrars in China, Japan, and Europe and 16 serving the US market.

The ‘.luxe’ domain is designed to act as an identifier for a user’s Ethereum wallet, enabling them to use a simple website link, rather than a long and complicated string of characters that usually serves as a wallet key, to perform blockchain transactions, making the process easier.

MMX signed an exclusive agreement with the Ethereum Name Service (ENS) in August that would allow registrants on its domain to link their domain address with a 40 character hash identifier used on the Ethereum blockchain to denote an asset, item or service supporting Ethereum.

The domain is also scheduled to be released for general availability on November 6.

Toby Hall, chief executive of Minds + Machines, said the integration marked “a small but highly significant step” in taking blockchain services into the mainstream, adding that the simplification offered by the ‘.luxe’ domain allowed its partners to develop “simple self-service solutions” for their own sites or those of potential distribution partners.

In early afternoon trading, Minds + Machines shares were 2.1% higher at 7.35p.

 -- Adds share price --

Quick facts: Minds + Machines Group Limited

Price: 4.8 GBX

AIM:MMX
Market: AIM
Market Cap: £42.03 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Minds + Machines Group Limited named herein, including the promotion by the Company of Minds + Machines Group Limited in any Content on the...

FOR OUR FULL DISCLAIMER CLICK HERE

Market report: FTSE calms as optimism vaccine news is challenged by rise in...

FTSE 100 had a lukewarm start on Wednesday as positive vaccine news can’t change the current rise in infections and global lockdowns. London’s leading index advanced 11 points to 6,308 in early dealing. JD Wetherspoon PLC (LON:JDW) has posted a 28% slump in sales over the past four months...

on 11/11/20

2 min read