TECH Talk: Is Domaining Dead?: Auctions, Digital Identity, and the Crypto Community
Our latest TECH Talk episode provides a casual exploration into world of Web3 domains as we prepare to head to Consensus and Namescon for the next 2 weeks. It features insights from special guests ULabs and Crypto Reporter, who bring to light the dynamism of the crypto market and the innovative spirit emanating from domain industry leaders.
We announced our second premium tokenized DNS domain auction, highlighting the significant progress since the first auction and showcasing high-value domain names like Gilligan.xyz and BitcoinLoans.xyz. The auction represents a shift in the domain market, moving from speculation to building long-term value, signifying a new era where digital assets are gaining prominence.
The discussion then shifts to the pioneering efforts in domain auctions using GBM Auctions, underscoring the pride and responsibility felt by those leading the charge in shaping the digital legacy. The guests reflect on the transition from Web 1.0 and 2.0 to the dawning of Web 3.0, noting the expanding recognition of digital assets' intrinsic value and their capacity to stimulate entrepreneurship and innovation.
Furthermore, the podcast delves into the topic of tokenizing assets and domains for innovation, enabling entrepreneurs to launch app ideas quickly and the newfound potential that blockchain technology offers for tracking royalties and ownership. The idea of bundling mobile apps, domain names, and branding into a single tokenized package governed by a DAO structure is proposed, highlighting the boundless possibilities for creating unique value in the digital realm.
Digital identity's essence in the crypto sphere is another focus, as the episode illustrates the significance of networking for domainers, sharing stories that emphasize how networking can lead to profitable deals and enhance one's life quality. It stresses the importance of articulating the value of domains, especially Web3 domains, to a broader audience.
In addition, we address the need to make domain investment more accessible to the general public. We discuss anecdotes involving significant domain sales and entrepreneurs who have recognized the value of domains, countering the misconception of a declining domain industry. Lastly we highlight that the domain industry's relevance has only grown, despite social media skepticism.
Looking toward the future, the podcast examines the evolution of domain names in the digital world, comparing identifiers like Cash App IDs to the potential recognition Web3 IDs could achieve in the cryptocurrency sphere. The episode discusses the mainstream integration of domains, such as GoDaddy's recent advancements, and reflects on the early adopters who faced high costs and technical barriers yet paved the way for broader usage.
The TECH Talk concludes by acknowledging the importance of naming services and the benefits of collaboration at industry events like NamesCon, showcasing companies like ENS, Freename and Unstoppable Domains contributing positively to the ecosystem, and the value of personal networking.
Want to LEARN more about Web3 Domains and Digital Identity?
My name is Marcus Andrews aka” WenAirDrop”, founder of IHeartDomains LLC, and since 2022 we have been a leading resource for News, Innovations, Education, Alpha and Business Development in the Web3 Domain & Digital Identity space.
If you're interested in Web3 domain insights, development, and news, don't miss our upcoming TECH Talk episodes featuring industry builders. Join our live discussions on Twitter/X spaces and engage with our community on platforms like Warpcast and Link3 for real-time updates and valuable ALPHA. Your journey into the future of digital identity begins with us!
