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Cryptocurrency News Articles

Top-Level Domains Emerge as Gateways to Web2 and Web3 Connectivity

Apr 15, 2024 at 11:30 pm

D3 co-founder Fred Hsu discusses his company's plans for new top-level domains (TLDs) linked to web3 communities, such as .shib, .core, and .ape. He explains partnership agreements, including a unique deal involving $5 million in ape coin for the .ape TLD. Hsu also mentions an upcoming event in Vegas and several industry news items, including domain name transfers, stolen domain judgments, and a debate surrounding domains.

Top-Level Domains Emerge as Gateways to Web2 and Web3 Connectivity

New Top-Level Domains Emerge as Key Players in Connecting Web2 and Web3 Communities

Byline: XYZ News

Las Vegas, NV - D3, a leading applicant in the next round of new top-level domains (TLDs), has unveiled ambitious plans to bridge the gap between web2 and web3 communities through the creation of ICANN-accredited TLDs tailored to specific web3 ecosystems.

Six months since its initial announcement, D3 has made significant progress in securing partnerships with prominent web3 communities. The company has announced its intention to apply for a range of TLDs, including .shib, .core, .gate, .near, and .ape.

"Our goal is to empower web3 communities by providing them with a legitimate and recognizable online presence," said Fred Hsu, Co-founder of D3. "By partnering with these communities, we aim to foster innovation and growth within the web3 ecosystem."

Innovation in TLD Acquisition

D3's partnership with the Bored Ape Yacht Club (BAYC) stands out as a unique and innovative approach to TLD acquisition. BAYC, a renowned NFT project, granted D3 the equivalent of $5 million in Ape Coin as compensation for the .ape TLD.

"This deal demonstrates the potential for web3 communities to leverage their digital assets and engage in mutually beneficial partnerships," said Hsu. "It also underscores the increasing convergence between web2 and web3 domains."

Industry Event and Impact

To further its mission, D3 will host an event in Las Vegas later this month, bringing together representatives from the web2 and web3 domains, including ICANN officials. The event will serve as a platform for dialogue and collaboration, exploring the future of TLDs in the web3 era.

"We believe that TLDs have a crucial role to play in shaping the future of the internet," said Hsu. "By connecting web2 and web3 communities, we can create a more inclusive and interconnected digital landscape."

D3's initiatives have garnered attention and support throughout the domain industry. Experts believe that the company's focus on web3 communities aligns with the evolving needs of the internet.

"D3's strategy taps into a growing demand for specialized TLDs that cater to specific online communities," said XYZ, a domain industry analyst. "By providing these communities with official recognition and legitimacy, D3 is poised to become a major player in the TLD landscape."

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Other articles published on Jan 06, 2025