On June 28, 2023, PlugChain and .Bit officially announced their strategic cooperation, aiming to deeply establish a presence in the blockchain domain ecosystem. This collaboration signifies the joint efforts of both parties in building a business ecosystem encompassing community, incubation, technology, and ecology, providing more support for the development of the public chain ecosystem.

.Bit, Cross-chain Web3 identities for you and your community.A project focusing on the blockchain domain niche, was launched in July 2021. In 2022, the project successfully raised $13 million in Series A funding and has since expanded its operations to multiple mainstream public chains, including Ethereum, BNB Chain, Tron, Nervos CKB, and Polygon. In the future, .Bit plans to further expand its coverage to include other major public chains such as Ethereum, Polkadot, and Solana to meet the diverse needs of users.

As we know, blockchain domains are one of the significant applications of blockchain technology, offering many advantages and potential. By combining domain names with blockchain technology, decentralization, immutability, and prevention of DNS hijacking can be achieved, providing more secure and trustworthy domain name resolution services. The collaboration between PlugChain and .Bit will further drive innovation and development in this field.

As a partner of .Bit , PlugChain will not only strengthen technical cooperation but also work together to create high-quality official domains on the PlugChain blockchain, providing assistance to the development of the public chain ecosystem. This partnership signifies PlugChain’s deeper involvement in the blockchain domain ecosystem and joint efforts with Bit Domain to develop and promote more secure and reliable domain name services, offering users a better experience.

In addition to technical cooperation, PlugChain and .Bit will also strengthen their collaboration in terms of ecological community and incubation, providing investment and incubation opportunities for promising blockchain domain projects. Through joint investment and support for promising projects, both parties will contribute to the growth and maturity of the blockchain domain industry.

In conclusion, this cooperation holds significant importance for PlugChain and .Bit . The collaboration will facilitate the inclusion of more high-quality domains onto the PlugChain blockchain, further enhancing the integrity of the public chain ecosystem. Additionally, as a pioneer in public chain technology, PlugChain, through its cooperation with .Bit , will promote the development and application of blockchain domain technology, providing users with more secure and reliable Web3 ecosystem services.

PlugChain takes the aggregated cross-chain oracle protocol as the core, integrates the advantages of high performance, high expansion, low gas！

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