Fuse Ignite aims to bridge the gap between ideas and execution, providing the much-needed fuel for startups to take flight.

Fuse aims to liberate businesses from outdated, pre-internet technology and enable them to embrace Web3, blockchain-based payments, and loyalty programs on a broader scale. The company aims to achieve this by investing in teams and projects that align with Fuse’s mission, projects and technologies that the community can get behind and interact with, and projects that will solve a basic necessity or add economic value to the Fuse ecosystem.

Project Overview: OpenName is an Omnichain Name Service that supports seamless cross-chain name transfer using LayerZero and also supports custom top-level domain names.

Impact on the Fuse Ecosystem: OpenName has the potential to greatly improve the Fuse Network ecosystem by simplifying blockchain interactions, enhancing identity interoperability, and promoting dynamic communication. It aligns with our goal of making blockchain technology more user-friendly, facilitating efficient information exchange, and injecting creativity into interactions, ultimately making Fuse Network more accessible and engaging for users.

Other funded projects include: LogX, Tria, paydece.

Previously, OpenName launched version 2.0. In version 2.0, OpenName users can register their own TLDs and earn a share of the domain registration fees. This innovative move grants users greater flexibility and economic incentives, allowing for a more personalized experience in the decentralized domain market.

Users have ownership, management, pricing, operation, and revenue rights over their TLDs, presenting more business opportunities. Users can set domain prices based on their needs and market conditions, resulting in increased revenue and returns. Revenue sharing is executed directly by smart contracts, eliminating the need for centralized operations, and ensuring users can fully enjoy the benefits of decentralized domain names.