February 22, 2023 – San Francisco, California
Unstoppable Domains commits to not assert against members of the Alliance its patents that are necessary to adopt the Alliance’s interoperability and security standards.
The Web 3.0 Domain Alliance, a member-led coalition dedicated to improving the technological and public policy environments for users of Web 3.0 naming services, today announced 52 new members including Blockchain.com, Rarible, Wyre, Bitdegree, WazirX and Klever, along with dozens of other naming systems, projects and companies.
In order to support the ongoing development of digital identity technology in Web 3.0, Alliance members including Unstoppable Domains will make contributions, including technology, to enable interoperability and security standards.
As part of this commitment, Unstoppable has irrevocably agreed not to assert against Alliance members its patents that are necessary to adopt the Alliance’s interoperability and security standards. More information can be found on the Web 3.0 Domain Alliance website.
A founding member of the Web 3.0 Domain Alliance, Unstoppable was recently awarded a patent around resolving blockchain domains and aims to support innovation across the Web 3.0 industry through its IP investments.
Members of the Web 3.0 Domain Alliance will engage on topics including consumer protection, interoperability of blockchain naming systems, fair and open use of intellectual property in the industry, preventing naming collisions and more.
Together, the Web 3.0 Domain Alliance will advocate for standards in the Web 3.0 domain industry to foster innovation and a safe environment for people. Recently, the team at Web 3.0 social trading network Metascan deprecated their NFT top-level domain to avoid a name collision and joined the Web 3.0 Domain Alliance.
Sandy Carter, SVP and channel chief of Unstoppable Domains, said,
“As an early member of the Web 3.0 Domain Alliance, we’re honored to work alongside our new co-members to unlock potential in the Web 3.0 domain space. Together, we’ll build a Web 3.0 domain space where new ideas and innovation can flourish and where more people can own their digital identity.”
Web 3.0 domains have seen a rapid increase in interest, with more than 3.4 million domains reportedly created across the industry in 2022 alone.
Amid this rising interest, the Web 3.0 Domain Alliance was founded in November 2022 as the first industry group to create standards for the blockchain naming industry. The Web 3.0 Domain Alliance also aims to proactively engage in discussions with ICANN to increase ICANN’s awareness and recognition of Web 3.0 Top Level Domains (W3TLDs).
Lane Kasselman, president at Blockchain.com, said,
“Digital identity is the next great frontier of Web 3.0 and we’re thrilled to support innovation in this space through the Alliance. We look forward to helping set standards as a community so we can protect users as the Web3 3.0 domain industry grows.”
Web 3.0 domains provide a vital component of a person’s Web 3.0 digital identity. Domains can be used, among other things, to send and receive cryptocurrency in place of lengthy alphanumeric wallet addresses, host a website that you fully own, set up secure email forwarding and sign into hundreds of apps, games, metaverses and more.
Web 3.0 domains are minted on the blockchain and stored in a user’s wallet, putting ownership in the hands of the owner.
As part of today’s announcement, the Alliance welcomes 27 new naming systems, including Stargaze Names, iheartdomains.xyz, EDNS, NF.Domains (TxnLab Inc.), United Domains, Threely, Xdc Web 3.0 Domains, Astar Web 3.0 Domains, Tron/Bittorent Web 3.0 Domains, Velas Web 3.0 Domains, IoTeX Web 3.0 Domains, Fusion Web 3.0 Domains, Elastos Name Service, Moon Web 3.0 Identity, Wanchain Web 3.0 Domains, Ontology Web 3.0 Domains, NEAR, OKC Web 3.0 Domains, Meter Name Service, Metis Name Service, Fuse Web 3.0 Domains, Easy IP, IAMX.ID, .CSPR Domains, Metascan, NFTR and NFT Domains SA.
Additional new members to the Alliance include Blockchain.com, Wyre, Rarible, Bitdegree, WazirX (Bandit), Math Wallet, Guarda, Solo Wallet, My Doge Wallet, OMNI, Talent Protocol, Indacoin, Markmonitor, Revest Finance, Coreum, Cian, LunarCrush, Web23, WAM, NFTrade, XcelPay, Klever, KICA, Wirex and Puma Browser.
Early members of the Web 3.0 Domain Alliance include Unstoppable Domains, Bonfida, Polkadot Name System, Hashgraph.name, Syscoin and klaytn.domains.
About Web 3.0 Domain Alliance
Founded in 2022, the Web 3.0 Domain Alliance is a member-led, member-driven organization dedicated to improving the technological and public policy environments for users of Web 3.0 naming services.
It exists to promote the development of the Web 3.0 naming industry and the functioning of Web 3.0 domain registries with and across blockchain-based and traditional web applications.
The Web 3.0 Domain Alliance is also dedicated to the technological advancement and interoperability of Web 3.0 domain registries.
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
Follow Us on Twitter Facebook Telegram