SPACE ID was launched with the mission to establish a universal name service network for managing web3 domains. The project introduced the .bnb Name Service on the BNB Chain, quickly building a community of 168,000 unique domain holders within just six months. In its SPACE ID 2.0 release, the platform expanded to include tools for discovering, registering, trading, and managing web3 domains. The ID token was introduced in March 2023, serving as both a governance and utility token. Since its launch, SPACE ID has aimed to enhance the web3 industry by offering comprehensive tools for managing digital identities in a decentralized environment.