W3DNA introduces decentralized domain name system for Web3
W3DNA ecosystem attempts to introduce totally decentralized alternatives for classic DNS registrators.As the Web3 revolution disrupts more and more segments of the digital industry, traditional technologies for domain registrations become increasingly outdated.In general, as DNS and its modules are of crucial importance for every website, the centralization of DNS operations is particularly dangerous for digital businesses.
Then, W3DNA domains are minted as non-fungible tokens, or NFTs. This, in turn, unlocks impressive opportunities for all industry participants. As NFTs are cryptocurrency tokens, all operations with them can be checked through public blockchain explorers. There is no possibility of cheating: potential buyers can track the process of minting their domain name asan NFT through intuitive tools.
This is not the only advantage it has over competitors. For instance, Unstoppable Domains, a platform that pioneered the tokenized domains concept, offers its names for a minimum of $100; with W3DNA, you can buy a domain name on any blockchain,domain names introduces a wide range of opportunities to their purchasers: from personal utility to investment and marketing opportunities that cannot be imagined with Web2 alternatives.
Also, thanks to the fact that W3DNA domain names are released with no traditional “domain zone” prefixes, they are scarce “by default”: creating domain names with a mix of letters from different alphabets, as well as with punctuation marks is impossible on the service. The system works with no top level domains like .com, .eth, .net, crypto, .art, and so on. In fact, each domain in W3DNA is a top level domain by itself.
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