FIO Protocol Marks Two Million Handles as Adoption Accelerates
Houma, LA, December 4th, 2024, Chainwire
- Milestones reached one year after the first million handles were recorded
- Accelerating rate of crypto handle registrations since the launch of Foundation for Interwallet Operability in 2020
- Growing momentum as over 100 service providers incorporate FIO protocol
FIO Protocol, the blockchain usability layer, has today announced that two million handles have been registered. The milestone was reached one year after the first one million mark was reached, all of which points to gaining momentum since the Foundation for Interwallet Operability (FIO) was launched in 2020 and registered 100,000 handles in its first year.
The increased rate of adoption has been attributed in part to the network effects of leading service providers such as Edge Wallet and Opera browser integrating the protocol in 2020 and 2022 respectively. With the Metamask wallet recently adopting the FIO protocol, these network effects are expected to be further magnified.
Wayne Marcel, Head of Growth, FIO: This is a major milestone for the team at the Foundation for Interwallet Operability, one that we’re hoping to surpass in the near future as more and more people engage with cryptocurrencies and look to do so in a more secure and easier user experience than is currently on offer. We hope the path to crypto user adoption follows that of other technological uptakes we have seen in the recent past.
FIO has since its launch in 2020 continued to grow in terms of user numbers and adoption from mainstream service providers. The usability layer has now over 100 service providers with two million handles registered, as the industry enters a new stage with greater institutional engagement, the demand for supporting technology is also expected to grow.
Interested users can learn more about the registration process here:
https://www.youtube.com/watch?v=U6-nvFR8MDE&t=3s
About FIO
FIO, the Foundation for Interwallet Operability, is a decentralized consortium that supports the ongoing development, integration, and promotion of the FIO Protocol. The protocol, built on the FIO Chain, a dPoS blockchain, serves as an open-source, decentralized usability layer solution that works across all blockchains. FIO Protocol uses human-readable Handles to replace the complexity, risk, and inconvenience associated with blockchain-based transactions. Fueling the ecosystem utilization is the FIO Token ($FIO), which powers transactions and incentivizes network participants.
