In web3 a domain name is associated with a crypto wallet address. This makes the address of a wallet readable and easy to remember. The web3 domain names are managed by the name service projects that issue them, like the Ethereum Name Service. Every Name Service, in any blockchain, can issue and maintain its own . something domain names. A Name Service is just a database pointing names to wallet addresses. In Web3, there is no universal entity like the ICANN or system like the DNS that mainta...