According to news on July 3, the Web3 domain name and identity platform SPACEID tweeted that the ID repurchase and destruction (IDP3) has been successfully implemented, using 1,031,115.4 stable coins to repurchase and destroy 3,107,377.8 IDs. The other half of platform revenue (from March 23, 2023 to June 23, 2023) will be transferred to the multi-signature addresses of the SPACE ID DAO treasury on different chains, including Ethereum, BNB Chain and Arbitrum. Additionally, SPACE ID has closed a transaction for $200,000 in grant program funding (IDP2).