The first part of the discussion, Introduction to SNS, revolved around the vision and the founder of SNS domains. Here, we will dive deeper into their whitepaper, which is divided into five (5) sections: payments, profiles, services, governance, and business and beyond. However, we will tackle the first three (3) sections: payments, profiles, and services.
Payments (Phase 1: Q3 2022 - Q1 2023. The BIG break)
The payments section of their whitepaper is all about wallet addresses and how they plan to be the $ENS of the SUI. Being the $ENS or the Ethereum Name Service of SUI is tough to achieve since it requires ease of use. Domain names and internet protocol addresses should match to provide ease of use for average internet users. In this case, if these domains are flawed, complicated, and not seamless, then only a handful of people will use them. One must take into consideration the crypto adoption. If the $SNS is successful in being the $ENS or even a better version, people might adopt it. Using their own words, "our goal is to disrupt the name-service ecosystem with a new .sui name service focused on gaming, profiles, and community. This phase has three primary goals:"
Build up the $SNS community
Release our name service & resolver extension
Raise enough funds to continue the development
It is the most challenging part for the $SNS, but if it is successful, they will reap the fruit of their hard work.
Profiles (Phase 2: Q1 2023 - Q1.5 2023. Where it starts coming together.... bang bang)
Simply put, the ease of social media. Profiles focus on delivering the "ease of usage" that I talked about in the first section (payments). By creating a profile in the $SNS, people can easily see your owned NFTs and vice versa without opening another tab to move to Etherscan; it comes with a neat UI/UX for the people like me who wants it plain and simple.
Users have the option to connect their social media or to remain web2 anonymous, the choice is in the user's hands. Another feature they boast of is the ease of signing in, like Google Chrome. It is only a matter of clicking or pressing buttons to sign in.
All of these features in their profiles stem from the concept of community-driven by $SNS. In having this concept, they are true to their word that $SNS is for the people since they prioritize their users (ease of usage and sign-in) over others.
Services (Phase 3: Q1.5 2023 - Q3 2023. You've GOT MAIL)
The principal service that $SNS highlight is SUI-based messaging. It is encrypted, untraceable, and FREE to use.
Sui profiles will utilize this in NFT messaging. Anybody can message the owner of one of their favorite NFTs and try to negotiate with them on chain. The use of .sui registration and a clean, seamless browser extension makes this possible. However, this extension is not necessary.
As the community is the focus of $SNS, their features are all voluntary, but it provides seamless and easy usage features for those who will be a part of them.
For part 2 and the last part of this blog, we will tackle the governance and Business & Beyond section of $SNS.
If you are interested about this project, please visit their following handles:
Website - sns.domains
Whitepaper
https://sns-domains.gitbook.io/whitepaper/
Twitter - @snsstork
Founder (Twitter) - @mistertoucan