As we all know, anyone who accesses the Internet uses a set of letters and symbols called a domain name to browse the web. However, since the development of the Internet in the 1980s, the potential of the Internet domain names, the most important Internet portal, has been buried and underestimated, because ICANN has controlled the domain name for a long time.

Barriers to Web3 Innovation

At present, there are already products such as ENS that decentralize traditional domain names in the market. However, what is unknown is that similar products such as ENS are still controlled by various centralized organizations (ICANN) and the control is manifested in many aspects.

.eth, .sol, .dot, and .atom are subject to ICANN, DNS, CA, and other issues, making the already relatively fragmented global domain market more fragmented, and bringing more innovation to the bottom layer of the entire Web3 industry. It is a huge obstacle to solve. To some extent, most of the current Web3 domain name products are more backward in the result.

The dnsDAO team seems to see the problems in this regard and the development prospects in the future. They are using their own technology and original ideas — a completely open, permissionless, self-sovereign top-level domain name to help individuals, communities, and enterprises to process the migration from Web 2.0 to Web3, which eventually became the infrastructure of Web3.

From domain to DID

Although the dnsDAO team has not released more additional information yet, the information that can be obtained from the dnsDAO official website is that the dnsDAO product will open any self-hosted root domain name (top-level domain) that any users want to register, such as .meta, .defi, .musk, .satoshi, ru…, the second-level domain names under the root domain name are also fully open.

The decentralization and openness of dnsDAO domain name registration open up infinite possibilities (“Open Parent Domain. Open Up Possibilities.” From the dnsDAO website. ) dnsDAO domain name is the DID in Web3/Metaverse, the application and ecology above DID, will open up the data island and make the data interconnection to the greatest extent.

https://dnsdao.io/

Not only that, for individuals and communities, dnsDAO will maximize brand value unprecedentedly. A top-level domain name (DID traffic) can drive more second-level domain name registrations; A unique second-level domain name can represent a unique identity and status (Rare DID); The value of the top-level domain name and second-level domain name is determined by the market. A unique Web3 economic model (DID economy).

From domain to NFT/Wallet

Nowadays NFT has become a catalyst for accelerating the Internet to Web3, and the decentralized domain name provided by dnsDAO, as a gateway to Web3, can also be stored in the user’s wallet as an important and irreproducible NFT digital asset.

If DIDs, NFTs, wallets, DAPPs, user traffic, creativity, etc. in the dnsDAO ecosystem can be organically integrated, it may expand unexpected scenarios for the long-standing rigid Internet domain names, and it will also enable more incremental revitalization. Massive users will become a new growth point of Web3.

Looking back at developments in the cryptocurrency and Web3 industry over the past few years, even the most bearish industry experts have to admit that the Internet will inevitably go decentralized (Web3) and the users will regain the freedom they lost on the Internet in the process.