• The Web3 Domain Alliance announced 52 new members, including Blockchain.com, Rarible, Wyre, Bitdegree, WazirX and Klever.
• Unstoppable Domains has committed to not assert against other members their patents that are necessary to adopt the Alliance’s interoperability and security standards.
• The Alliance will focus on topics such as consumer protection, interoperability of blockchain naming systems and preventing naming collisions.
Web3 Domain Alliance Announces New Members
The Web3 Domain Alliance is a member-led coalition dedicated to improving the technological and public policy environments for users of Web3 naming services. On 22nd February 2023, the alliance announced 52 new members joining the group including Blockchain.com, Rarible, Wyre and others.
Unstoppable Domains’ Commitment
Unstoppable Domains was recently awarded a patent around resolving blockchain domains and aims to support innovation across the Web3 industry through its IP investments. 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.
Topics Discussed in the Alliance
Members of the Web3 Domain Alliance will engage on topics including consumer protection, interoperability of blockchain naming systems, fair and open use of intellectual property in the industry and preventing name collisions. The team at Web3 social trading network Metascan deprecated their NFT top-level domain to avoid a name collision and joined the Web3 Domain Alliance in order to support these discussions.
Rapid Increase in Interest for Web3 Domains
Web3 domains have seen a rapid increase in interest with more than 3.4 million domains reportedly created across the industry in 2022 alone. This high level of adoption led to setting up this alliance so that collective ideas can be discussed on how they can provide better services while protecting user privacy at all times.
Conclusion
The goal behind setting up this alliance is to foster innovation among different projects while providing a safe environment where people can own their digital identities without worrying about any potential risks or threats associated with it!