Can I send or receive funds using web3names?

No, web3names are connected to decentralized identifiers (DIDs) and are not a substitute for a receiving address. A DID doesn’t hold balances - don’t send funds there! 

A DID and its associated web3name can be linked to an address but the web3name is designed to provide an extra layer of verification rather than a replacement for an address as:

  • One name/identity could be linked to several addresses

  • A user may decide to unlink their address and give up their web3name, which could then be adopted by another user with a different address