The ApeCoin community has overwhelmingly approved a proposal to register ".APE" as a top-level domain (TLD) with ICANN, the global authority on domain names and IP addresses. In a landslide vote, 91.68% of ApeCoin members supported the plan, which involves partnering with D3, a specialist in Web3 domains, to turn .APE into a tangible asset.
ApeCoin Community Overwhelmingly Approves Revolutionary .APE Top-Level Domain Proposal
In an unprecedented move that signals the convergence of Web3 and the traditional internet, the ApeCoin community has overwhelmingly endorsed a groundbreaking proposal to establish ".APE" as a top-level domain (TLD) with ICANN, the global governing body for domain names and IP addresses.
By a landslide margin of 91.68%, ApeCoin members voiced their resounding support for the initiative, with a mere 8.32% casting opposing votes. This decisive mandate reflects the community's unwavering belief in the potential of .APE domains to unlock new possibilities for Web3 integration and innovation.
At the helm of this transformative endeavor is D3, a Web3 domain specialist that will collaborate with the ApeCoin DAO to materialize the .APE TLD as a tangible asset. Fred Hsu, CEO of D3, outlined the versatility of these domains, emphasizing their compatibility with Web1, Web2, and Web3 platforms. He passionately articulated the goal of seamlessly integrating over five billion Web2 users into the Web3 ecosystem through innovative domain utilization.
D3 will spearhead the meticulous preparation and submission of the application to ICANN, a process estimated to take approximately one year. Concurrently, the company plans to introduce Ape-linked name tokens as immediate Web3 identifiers for users, enabling a frictionless transition.
Hsu envisions a complete overhaul of domain ownership and usage, aiming to disrupt an industry that has remained largely stagnant for the past two decades. He foresees substantial revenue streams from .APE domains, recognizing their inherent value as digital assets. The revenue sharing agreement stipulates a 50/50 split between ApeCoin DAO and D3 from the sale of Ape name tokens and .APE TLD registrations.
It is imperative to clarify that TLD ownership, as traditionally understood, is not attainable. Instead, ICANN grants exclusive operational and monetization rights to the successful applicant, subject to a ten-year renewal cycle. The total cost of this ambitious initiative is estimated at three million ApeCoin, with D3 assuming ongoing operational expenses for managing the .APE namespace, while the ApeCoin DAO will supplement these costs with marketing efforts.
This momentous decision by the ApeCoin community is a testament to their forward-thinking vision and unwavering commitment to shaping the future of the internet. The establishment of .APE domains represents a pivotal step towards bridging the gap between Web2 and Web3, empowering users with unprecedented control over their digital identities and online experiences.
