Singapore-based UPCX-Platforms Pte. Ltd. (CEO: Makoto Nakano, hereinafter “UPCX”), developer of an open-source payment system built on a high-speed blockchain optimized for payment and financial services, has announced the upcoming pre-launch of its new platform, the “UPCX Name Marketplace.” This marketplace leverages the Named Account feature, which is standard on the UPCX blockchain, allowing users to freely buy and sell account names with each other.
The goal of this marketplace is to make blockchain addresses more user-friendly by assigning liquidity and asset value to memorable account names, thus lowering the barrier to entry for Web3 experiences and accelerating the real-world adoption of blockchain technology.
Development Background and Objectives
Traditional blockchain addresses are typically long strings of alphanumeric characters starting with “0x…”, which are difficult to remember and prone to input errors - posing both usability challenges and barriers for new users.
To solve this issue, UPCX has implemented a Named Account feature by default. This feature allows users to assign a visually intuitive and easy-to-remember alias (e.g., “Satoshi” or “my-shop”) to their complex wallet addresses. Users can then conduct transactions easily and securely without having to deal directly with the full address string.
The soon-to-be-launched UPCX Name Marketplace adds liquidity and asset value to these Named Accounts, further enhancing the UPCX ecosystem. Users will be able to purchase desirable account names from others or list their own names for sale or auction.
Key Features
1. Direct Sales
Buyers can instantly purchase account names at fixed prices set by the sellers. A few simple clicks are all it takes to claim a name you’ve been eyeing.
2. Auction Functionality
Name owners can choose to sell their names via auction. Interested buyers can place bids during the auction period, and the highest bidder wins the name. This ensures a fair market-driven valuation of every account name.
3. Intuitive UI/UX
Designed to be user-friendly even for Web3 newcomers, the interface is streamlined for ease of use. From searching names to purchasing or bidding, a seamless and accessible experience is delivered.
Comments
Comment from UPCX CEO Makoto Nakano:
“For Web3 to truly integrate into society, we must eliminate technical complexity and offer user experiences that are intuitive for everyone. Our ‘Named Account’ feature already enhances usability, and the launch of the UPCX Name Marketplace takes that a step further. By giving the universal concept of a ‘name’ new dimensions of ownership and asset value in the digital realm, we are providing users with unprecedented value. I’m confident this marketplace will become a key driver of growth for the UPCX ecosystem.”
About UPCX
UPCX-Platforms Pte. Ltd. is a global technology company developing an open-source payment system based on a high-speed blockchain optimized for payment and financial services. Committed to providing next-generation payment experiences, UPCX builds innovative ecosystems with user experience as the top priority.
For more information, please visit:
Whitepaper 1.0
https://upcx.io/whitepaper/
Linktree
https://link3.to/upcx
