Web3 Domain Alliance expands with 51 new members

The Web3 Domain Alliance, a member-led conjugation that aims to supply a standardized model for Web3 naming services, has announced 51 caller members, including Blockchain.com, Rarible, Wyre, Bitdegree, WazirX, and Klever. These firms volition assistance beforehand the improvement of the Web3 naming manufacture and the functioning of Web3 domain registries, according to the company

The Alliance is simply a member-led conjugation focused connected improving the technological and nationalist argumentation environments for users of Web3 naming services. With the summation of caller members, the Alliance said that it volition absorption connected user protection, preventing naming collisions, just and unfastened usage of intelligence spot successful the industry, and interoperability of blockchain naming systems, among different topics. The corporate extremity of the confederation is to champion standards successful the Web3 domain industry, thereby, promoting innovation and creating a unafraid environment.

In effect to the increasing involvement successful the Web3 domain industry, evidenced by the reported instauration of much than 3.4 cardinal domains successful 2022, the Web3 Domain Alliance was established successful November 2022 to acceptable standards for the blockchain naming sector. The radical plans to prosecute successful discussions with the Internet Corporation for Assigned Names and Numbers (ICANN) to heighten their cognition and designation of Web3 Top Level Domains (W3TLDs).

Sandy Carter, SVP and Channel Chief of Unstoppable Domains shared: “As a founding subordinate of the Web3 Domain Alliance, we’re honored to enactment alongside our caller co-members to unlock imaginable successful the Web3 domain space." “Together, we’ll physique a Web3 domain abstraction wherever caller ideas and innovation tin flourish and wherever much radical tin ain their integer identity,” she added. 

Related: 1inch wallet users get domain names with Unstoppable Domains partnership

In November 2022, Cointelegraph reported that Unstoppable Domains launched the Web3 confederation which sought to make self-regulating boards. Initial participants of the confederation included Bonfida, Tezos Domains, Polkadot Name System, Hedera, Syscoin, and Klaytn Name Service. 

In 2022, Unstoppable Domains raised $65 cardinal successful a Series A backing round, boosting its valuation to $1 billion, pursuing the NFT roar and the popularity of integer individuality profiles.