Unlock Potential in Web3 Domain Space: Web3 Domain Alliance Announces 52 New Members

• The Web3 Domain Alliance has announced 52 new members, including Blockchain.com, Rarible, Wyre, Bitdegree and WazirX.
• Unstoppable Domains is one of the founding members and has agreed to not assert its patents that are necessary to adopt the Alliance’s interoperability and security standards against other members.
• The Web3 Domain Alliance will focus on topics such as consumer protection, interoperability of blockchain naming systems, fair and open use of intellectual property in the industry, preventing naming collisions, etc.

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. It recently announced 52 new members that include Blockchain.com, Rarible, Wyre, Bitdegree and WazirX among many others.

Unstoppable Domains Commits to Not Asserting Patents

Unstoppable Domains is one of the founding members of the Web3 Domain Alliance and has committed to not asserting its patents that are necessary for adopting the Alliance’s interoperability and security standards against other members. Unstoppable was recently awarded a patent around resolving blockchain domains with IP investments in order to support innovation across the Web3 industry.

Focus Areas of The Web3 Domain Alliance

The Web3 Domain Alliance will engage on various topics such as consumer protection, interoperability of blockchain naming systems, fair and open use of intellectual property in the industry, preventing naming collisions etc., in order to foster an environment conducive for innovation within people’s rights being secured at all times. For example; Metascan – a web 3 social trading network – deprecated their NFT top-level domain to avoid name collision before joining this alliance.

Sandy Carter’s Statement on This Initiative

Sandy Carter – SVP & Channel Chief of Unstoppable Domains – said “As an early member of the Web3 Domain Alliance we’re honored to work alongside our new co-members to unlock potential in this space.“ She also added “Together we’ll advocate for standards within this domain industry for fostering innovation while ensuring safety for everyone involved.“

Conclusion

The formation of this alliance marks a huge step forward towards achieving safe standards within an otherwise unregulated domain space which can lead us into more innovative solutions while keeping user rights secure at all times.