• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

The Intersection of Web3 Domains and Blockchain Technology

user avatar

by Giorgi Kostiuk

2 years ago


Unstoppable Domains and Blockchain.com have disclosed a collaborative venture to introduce and advance a DNS-enabled web3 domain utilizing the distinctive ".blockchain" extension. This strategic alliance is focused on securing registration for the .blockchain web3 domain by interfacing with the Internet Corporation for Assigned Names and Numbers (ICANN), the apex body governing IP addresses and domain allocations.

The impending rollout of new generic top-level domains (gTLDs) by ICANN in 2026 has prompted a proactive stance from both entities, aligning their efforts to navigate the forthcoming application phase. The initiation of the application process is contingent on the release of ICANN's Applicant's Guidebook in the ensuing year, allowing ample time for the collaboration to fine-tune its proposal for the new domain.

As articulated by a spokesperson to crypto.news, the collaboration between Blockchain.com and Unstoppable Domains is primarily oriented towards readiness for the forthcoming ICANN application. Post-approval from ICANN, the .blockchain domain will be integrated into the existing top-level domain (TLD) repertoire, alongside domains like .com and .net, offering a dedicated virtual arena for businesses in the blockchain sector.

Upon ICANN's endorsement, the .blockchain gTLD will harmonize web2 and web3 functionalities, enabling seamless user interaction across both realms. This amalgamation will blend web3 with traditional web2 browsing experiences, augmenting accessibility and enabling users to exploit ".blockchain" domains effortlessly across both environments. The spokesperson noted that web2 elements such as email services and website resolution will be part of this integration.

Established in 2018, Unstoppable Domains has been instrumental in leveraging blockchain technology to grant users control over their digital identities through bespoke domain names for individuals, brands, and enterprises. The collaboration with Blockchain.com aims to bridge the gap between web2 and web3, echoing the Ethereum Name Service's recent amalgamation of browser-adaptable ".box" web domains.

The emergence of web3 domains has heralded a new era of domain extensions, akin to traditional extensions like .com or .in, actualized as smart contracts on prominent public blockchains like Ethereum, Polygon, and Solana. These extensions, such as .sol or .crypto, streamline cryptocurrency transactions by replacing arduous wallet addresses while facilitating web hosting and simplifying authentication methods for web3 applications.

The allure of web3 domains lies in their straightforwardness and user-centric approach, enabling transactions through memorable addresses like "jack.eth" instead of complex wallet strings. Unique web3 domains, including ".blockchain", are represented as non-fungible tokens (NFTs) hosted on immutable public blockchains, ensuring data permanence and bestowing users full authority over their online personas.

The recent surge in FIDA, the token governing Solana's Bonfida infrastructure, following the launch of Solana Name Service (SNS) in China underscores the escalating adoption and appeal of web3 domain solutions. Users are actively securing premier domain names, anticipating the forthcoming registration of corporate brands in the dynamic digital landscape.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Projections and Historical Patterns

chest

Aaron Dishner projects a downside target for Bitcoin between $35,000 and $40,000, based on historical drawdowns and market cycles.

user avatarMohamed Farouk

Market Conditions Indicate Increased Risk for Bitcoin

chest

Market conditions indicate increased risk for Bitcoin due to macroeconomic factors and bearish signals on the SP 500.

user avatarElias Mukuru

Market Analyst Warns of Potential Final Selloff in Bitcoin

chest

Market analyst Aaron Dishner warns of a potential final selloff in Bitcoin, indicating the cryptocurrency may be close to capitulation and advising investors to prepare for volatility.

user avatarDiego Alvarez

Cardano Enhances Interoperability with LayerZero Integration

chest

Cardano has integrated with LayerZero to improve cross-chain messaging and asset transfers, addressing liquidity challenges.

user avatarKenji Takahashi

Waymo Expands Robotaxi Service to Four New US Cities

chest

Waymo has launched its driverless robotaxi service in Dallas, Houston, San Antonio, and Orlando, increasing its operational cities to ten.

user avatarMaria Fernandez

SBI's On-Chain Bonds Linked to XRP Could Boost Adoption

chest

SBI has launched on-chain bonds linked to XRP, aiming to boost adoption and attract institutional interest.

user avatarGustavo Mendoza

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.