In the wave of the digital age, the rise of Web3 technology provides users with a new digital identity system. On May 15, 2023, the Lambda developer community and artists jointly launched the first Web3 digital identity system based on generative art-Lambda Name Service (LNS). This innovation not only changes our understanding of domain names, but also opens a new chapter in digital community interaction and brand building.
What is LNS?
LNS (Lambda Name Service) is a Web3 digital identity system running on the Lambda ecosystem. Users can register, manage and transfer human-readable Lambda addresses on the Lambda network, identified by simple and meaningful names such as "myname.lamb". This not only improves the efficiency of on-chain identification, but also promotes social interaction and provides users with a more convenient way to manage digital identities.
How LNS works: LNS domain names use NFT (non-fungible tokens) to represent unique addresses, and each domain name corresponds to a unique word-generated artwork. Users can trade domain names by transferring or selling NFTs. Each token comes with a wallet address and other information, which is managed by the owner.
If you want to buy an LNS domain name, you can search first to check the availability of the domain name, and then rent it on an annual basis. In order to create a fair community environment, LNS domain names will not be auctioned in the early stages, and the price of the domain name is only related to the character length.
LNS Generative Art Carnival Season Officially Opens
In order to give back to the community, the LNS team decided to launch a domain name registration promotion from May 15th to August 15th. During this time, prices for LNS domains and the artwork they generate are as follows:
5 characters and above: $1
4 characters: $10
3 characters: $100
Starting from August 16, LNS domain names and generated artworks will be adjusted according to market conditions. This promotion not only attracted more users to participate, but also promoted community activity.
Single-word generative art—a work of art unique to you
In ancient times, people often used monograms as personal signatures and totems. In LNS’s “One Word” work, we combined this dynamic art form with inspiration from ancient culture to realize Web3’s identity through generative art. This is not only a tribute to the signatures of ancient people, but also evokes the original desire for individual expression in the human heart.
Unlike the aristocratic privileges of the past, single words and .lamb domain names belong to millions of users, to the entire community, and to your data sovereignty. As a Web3 digital identity, LNS’s accompanying generative art “words” have also become high-end digital assets that domain name holders can profit from by selling or leasing them.
Commercial potential of LNS
With the launch of LNS, many business opportunities have emerged. Businesses and individuals can use LNS domain names to build a unique brand image and stand out in the digital world. In addition, LNS’s generative art works can also become collectibles, attracting the attention of art lovers and investors.
In the future, LNS will continue to expand its functions and may launch more services and tools to help users better manage their digital identities and assets. All this provides users with a richer digital experience.
Summarize
LNS is more than just a domain name service, it represents a new model of digital identity management in the Web3 era. By incorporating generative art, LNS provides users with a creative and personalized digital identity solution. As the community expands and the market matures, LNS will play an increasingly important role in the digital world. Whether it is an individual or an enterprise, LNS will become the cornerstone of future digital identity, helping users find their own place in this emerging digital ecosystem.
As LNS continues to develop, more innovations and opportunities will surely appear in the future. Let us look forward to the changes and possibilities brought about by this digital identity revolution.