ICANN 81st Annual General Meeting | Blockchains Interacting On The DNS
Fred Hsu, founder of D3, discusses the company’s work with DNS since its inception, aligning with ICANN's mission to enhance accessibility and security through Web 2 and Web3 primitives. D3, involved in significant domain projects from the 90s to upcoming rounds, aims to protect users and foster trust globally.
Web3 identifiers face issues like name collisions and limited functionality. Successful adoption of crypto hinges on easy, human-readable naming conventions. Standardization of Web3 identifiers using DNS is suggested to simplify communication and improve trust.
Fred emphasizes the importance of Web3 wallet addresses, DNS txt records, and tokenization. He outlines DomainFi, leveraging blockchain to manage domain finance, allowing domain names to be traded or borrowed, and driving innovation with an open-source approach.
The discussion also touches on the historical failure of "New.net" and the need for practical, secure blockchain applications. Fred advocates for patient, standardized approaches to DNS and Web3 identifiers, ensuring their real-world utility and security.
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