Before an Algorand account can receive a specific asset it must opt-in to receive it. While this is a nice feature to prevent unwanted assets from entering your wallet, it adds friction when trying to transact new assets. This is a major issue for airdrops and giveaways, but also for regular users sending each other NFTs which all have unique ASA IDs.

NFD Vaults

NFDomains are packed with useful features — but why should you care? Here are the top 10 reasons you should own an NFD:

10 Reasons You Should Own an NFD

TxnLab, Inc., is pleased to announce the closing of a $1.25 million private round of financing led by Borderless Capital and GoldenTree Asset Management. Our team is grateful for the overwhelming interest and support for NFDomains, our Algorand name service for .algo names. This round of financing provides us with resources to build and scale a robust name and identity solution to benefit the Algorand community.

TxnLab Closes $1.25M Seed Funding Round to Build NFDomains

The Algorand Foundation today announces TxnLab Inc as the latest recipient of an Algorand Foundation grant award. The Algorand Foundation is excited to support TxnLab Inc in developing NFDomains through our grant program. NFDomains is a name service and platform that will enable Algorand users to send and receive Algo and Algorand Standard Assets (ASAs) using a readable domain name, like “silvio.algo”, that is easy to type and remember.

The Algorand Foundation announces a grant for TxnLab’s NFDomains

Have you ever copy-and-pasted your wallet address into a self-addressed email, just to make a transaction on a different device?

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John Mizzoni

Doug Richar

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