Space ID is building a common name service network, providing a one-stop identity platform for discovering, registering, trading and managing Web3 domain names. It also covers a Web3 name SDK and API for developers across blockchains, and provides everyone with a multi-chain name service to easily establish and create their own Web3 identities.

ID is the native token of the Space ID ecosystem and is used for the following functions:
Pledge: Staking ID tokens can get discounts on Space ID domain name NFT market transaction fees and Web3 domain name registration discounts on Space ID.
Payment: As a means of payment within the Space ID ecosystem and for Web3 Name SDK integration.
Governance: Users can participate in Space ID DAO proposals.

Space ID is building an infrastructure that includes the following major components working together:
One-stop Web3 domain name and identity platform: various incentive mechanisms, easy-to-use wallets and decentralized identities for users have been established.
Multi-chain name service: SPACE ID's multi-chain name service includes, but is not limited to, the top-level domains that the Space ID team has launched and will launch, as well as other domain name providers that have joined Space ID with this pioneering multi-chain name service function.
Web3 name SDK and API: One SDK for all (one for all SDK) has been one of the main features of Space ID to support all Web3 dApps. It is designed as a unified, streamlined approach that greatly simplifies the integration of Web3 name services, frees developers from having to use multiple protocols, saves time, and reduces the risk of compatibility issues.